Due to a busy week of travel and some nice weather upon returning home, there will be no Week In Review for this week. Beginning next week, The Week In Review Video is being shifted to the RLS Wealth Management Flash Briefing, which can be heard on any Amazon device after subscribing to The RLS Wealth Management Rundown, which you can enable here: RLS Wealth Management Rundown Flash Briefing.
I’ll still include the audio on here to give everyone time to get The Rundown enabled.
Mixtape
Albert Bridge Capital: Stay In The Game “Max is doing great now. He’s been working full-time, got super healthy, started running marathons, and is now on the good path. These were his choices, they had to be, and he did it. But it almost didn’t turn out this way. Kenny made sure he stayed on that path.”
Calibrating Capital: The Legacy We Leave Behind “Craft your Legacy carefully, because you don’t know when it’s going to start.”
The Irrelevant Investor: The Paradox Of You “If I know that I’m not the same person I was twenty years ago, why do I think I should make plans for the person I’ll be 20 years from now? Of course, it’s important to plan for tomorrow, but it’s even more important to live for today.”
Douglas Boneparth: Press Your Luck “There’s always systematic risk, arbitraging and regulation to contend with. You can have all the advantages in the world, but that won’t turn the infallible relationship of risk and reward into a guarantee. At least not with investing, anyway. At the end of the day, you’re going to have to deal with risks and press your luck.”
The Reformed Broker: Yes, Of Course Trump Could Fire The Fed Chairman “I’m not about to make a legal argument. Instead, like a five year old, I’m just going to point out what’s blatantly obvious and doesn’t require Constitutional scholars toiling late into the night, poring over old parchments by candlelight…”
Morgan Housel: A Few Thoughts On Public Speaking “Nothing is worth saying if you can’t say it with confidence, because a truth spoken hesitantly can be less persuasive than a falsehood said with authority.”
Ashby Daniels: Why Are We Still Listening “Every single day, pundits go on TV saying what they believe will happen with complete confidence that their prediction is going to be correct. Apparently, accuracy is hard to come by, guesses are not.”
A Wealth Of Common Sense: Some Advice For New Investors “The biggest thing when starting out as an investor is simply getting started. So many young people put it off because “I’ll start saving when I’m ready” or “How could I possibly even think about saving in this economy?!” Don’t worry if you don’t have it all figured out when you’re getting started. No one does.”
Ian Cassel: Unbreakable “Investing is 5% intellect and 95% temperament. You often have to turn your back to the crowd and stand on your own. It takes strength. It takes courage. If you are a normal passive investor that invests in a bunch of diversified ETFs and mutual funds you only have to worry about market volatility. But if you are a stock picker you have 10x the emotional load. You have to be a rock. You must be unbreakable.”
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.
