Weekly Mixtape For July 21st, 2019

Week In Review Articles

The WSJ: Stocks End Week Lower as Fed Signals Small Rate Cut

The WSJ: Second-Quarter Earnings to Test Soaring Market

The WSJ: Tech Rally Powers Record Gains for Stocks

The WSJ: China Growth at Its Slowest Since 1992 as Beijing Struggles to Juice Economy

The WSJ: The Nation Celebrates the 50th Anniversary of Apollo 11



A Wealth Of Common Sense: Why History Gets Stuff Wrong All the Time “It’s OK to admit you don’t understand certain things. The fact that nothing is carved in stone can be a good thing. Sometimes our re-writing of history means we’re growing as a species. But it’s also a sign of intelligence to admit when you don’t understand something.”

Casey Mullooly: The Physical “I’ve neglected to write about the physical side of chronic leukemia because it’s really hard to put into words. And I’ve noticed that I have a tendency, especially in my writing, to spin things in a positive light. It’s in my nature to try and find the lessons from having CML. I know that’s a good thing, but I’ve recently learned that it can also minimize the actual experience. The physical pain and struggle is my gateway to the lessons. And I think I do a disservice to myself and my readers for not completing the picture.”

A Teachable Moment: In Defense Of Millennials This new generation has zero tolerance for the bad old ways of putting products before clients. Deciding on giving finance a second chance was a terrific decision for me – Avocado toast and all.”

Ramp Capital: How Stocks Helped Fund My Children’s Education by Jay Woods “This, by no means, is meant to be a #humblebrag—as I know timing and luck also play big roles in everything we do in life. I think I had a good combination and over time most people can too.”

Your Brain On Stocks: The Investor’s HigWhile markets rise, this is generally a non-issue. After all, what’s risky about investments that are growing? Volatility to the upside is not what most investors lose sleep over, so adding to what’s working and forsaking what isn’t seems safe and reasonable. It’s only when markets fall that we realize we’ve taken on too much. Our perception of risk returns to reality, but at that point, it’s too late. Making adjustments after the fact is not a winning approach.”

Of Dollars And Data: Losing Dollars vs. Losing PercentagesThis is why losing 10% of $1 million (-$100,000) feels a hell of a lot worse than 30% of $1,000 (-$300).  I never really wrote about this idea because I didn’t understand it…until now.”

Retirement Field Guide: Increasing Your Odds Of Retirement Success “Most people are inclined to focus on the portfolio since it gets all the love and attention in retirement planning – how can you optimize your portfolio, pay less in taxes or squeeze out more return?? But when it comes to retirement planning, often the easiest way to increase your chance at retirement success is to concentrate on your expenses, not your portfolio.”

Epsilon Theory: The Spanish Prisoner “The Spanish Prisoner con works best on smart and accomplished people who think they have TRUST NO ONE figuratively tattooed on their hands, who think they’re too clever to be fooled again, but end up only being too clever by half.”

Den Of Geek: How Marvel Went From Bankruptcy to Billions “Just about every great comic book story has a darkest hour moment: a point in the tale where all seems lost. The heroes are on their knees, the city’s a smoldering ruin and the villains are closing in for the kill. For Marvel, its darkest hour came in the winter of 1996.”

All About Your Benjamins The Podcast: Ashby Daniels and The Retirement Field Guide

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.