Weekly Mixtape For March 16th, 2019

Week In Review Articles:

The WSJ: U.S. Consumer Sentiment Improved in March

The WSJ: U.K. Parliament Votes to Delay Brexit as Turmoil Drags On

The WSJ: U.S. Jobless Claims Rose Last Week

The WSJ: Firms to Pay $125 Million to Clients Over Fee-Disclosure Practices

The WSJ: The Fees on Your ‘529’ Tuition-Savings Plan Matter More than Ever

The WSJ: Federal Prosecutors Charge Dozens in College Admissions Cheating Scheme


Your Brain On Stocks: A Mirror Onto Ourselves In the spirit of this, “us not them” mentality, I asked some friends from FinTwit to gaze into the behavioral finance mirror, and answer the following question:What do you consider to be your biggest behavioral bias (as it pertains to investing or personal finance) and how do you work to control it?”

Of Dollars And Data: Nothing Happens, Then Everything Happens “They say that it takes 10 years to become an overnight success.  Don’t forget this as you approach each and every day.  First nothing happens, then everything happens. “

Chris Haigh: The Black Plague 2.0 “Well I’m currently past 5 years of repayment and after roughly $30,000 of payments, my balance is finally below the initial $77,000 I left with. I want to throw my laptop across the room as I type that.”

A Wealth Of Common Sense: The Art Of Repetition:This is the same reason people rarely visit historic landmarks in their own town.  Once we become more exposed to something, there are diminishing returns on our happiness.”

Morgan Housel: Counterintuitive Competitive Advantages Part of the reason is because without a direct competitor you have no one to learn vicariously from, no one chasing you out of bed in the morning, no customers threatening to switch if you don’t get better. Scared and running > fat and happy.”

Flirting With Models: The Monsters Of Investing: Fast And Slow Failure “Therefore, younger, growth-oriented investors should be willing to bear the risk of failing fast to avoid the risk of failing slow.  In fact, we would argue that it is the willingness to bear the risk of failing fast that allows these investors to potentially earn a premium in the first place.  No pain, no premium.”

The Irrelevant Investor: The Twenty Craziest Investing Facts Ever “17. Warren Buffett is the greatest investor of all-time. In the 20 months leading up to the dotcom peak, Berkshire Hathaway lost 45% of its value. The NASDAQ 100 gained 225% over the same time.”

The Retirement Field Guide: 10 Charts About Retirement Every Retiree Should See 

Barry Ritholtz: Teachers Deserve Better From Retirement-Plan System “For many 403(b) account holders, the plan sponsor and the employer are two different entities. This small, anomalous distinction turns out to have enormous repercussions for a huge swath of plan participants — notably the 3.6 million teachers who work for public or not-for-profit private schools.”

All About Your Benjamins: Talkin’ Shop With Ashby Daniels, CFP®

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.