Weekly Mixtape For July 14th, 2019

It’s coming back by popular demand…The week in review video will return next week.

Week In Review Articles…

The WSJ: Jerome Powell Says Outlook Hasn’t Improved in Recent Weeks, Setting Stage for Rate Cut

The WSJ: Health-Care Rally Helps Lift Dow to Record Close

The WSJ: Stocks Close Out Week With More Gains

The WSJ: SEC Clears Blockstack to Hold First Regulated Token Offering




Morgan Housel: Inseparable Pairs “It’s not that product is superior to marketing – every company has to tell their story – but one doesn’t work without the other. This is especially important today because the young generation who grew up with deep access to information have sharp marketing BS detectors.”

Ashby Daniels: The Market Went _ On _ “I want to remind you of these simple truths because it’s so easy to get caught up in the noise. People sound like they know what they are talking about even if they have no idea. (Even if they actually think they do know.)”

Of Dollars And Data: The Price Of Admission “This, my friends, is the price of admission.  Because markets won’t give you a ride without some bumps along the way.  You have to experience some downside to earn your upside. “

BPS and Pieces: Is Traditional ‘Full-Stop Retirement’ Going Extinct? “It goes by many names, but I call it a Victory Lap Retirement. Imagine, 25-30 years spent head down, sprinting in a profession or industry to reach the peak – followed by a chapter of circling the track at a relaxed jog, working on your own terms for 5, 10 or even 20 years.”

Barry Ritholtz: Hack Your Retirement “One of the hardest things investors have to do is mentally make the shift from working and saving to retirement and spending. It’s the reversal of a lifetime of good economic habits.”

Calibrating Capital: Four Currencies Of Life “What’s interesting about these currencies is that they don’t exist in a vacuum. They’re interrelated. Each one requires varying degrees of effort to manage, and each one can negatively or positively impact another.”

The Belle Curve: Discipline Is Hard “There’s an old adage that “Diversification means always having to say you’re sorry” for something in the portfolio that is dragging down performance. But 10-year periods of underperformance test the wills of even the most disciplined investors. Discipline is difficult by design. Only those with the mental and physical strength to persevere will reap the rewards of their dedication. If it were easy, everyone could do it.”

The Reformed Broker: How Economic Data Works “Just because someone is knowledgeable and extremely focused on a particular data series, that doesn’t mean that they will be any more successful at predicting its future than the rest of the crowd. In fact, their relentless attention to it and constant proximity to this information could become a hindrance to their ability to contextualize it and grasp the bigger picture.”

BPS And Pieces: Portfolio Appendectomy But certain aches and pains are part and parcel of owning a diversified portfolio. The biggest mistake an investor can make is to put their holdings on the operating table and remove the very thing(s) they might need or want the most when the anesthesia eventually wears off.”

Rad Reads: Making An Angel Investment (In Yourself) “Does becoming an entrepreneur share the same risk profile? The answer is, I don’t know. It’s risky, for sure. But upon deeper inspection, the risk is very defined – and thus manageable.”

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.