Week In Review Articles
The WSJ: Trump Signs $2 Trillion Coronavirus Stimulus Bill After Swift Passage by House
The WSJ: Dow Rallies 6.4% After Stimulus Vote
The WSJ: Record Rise in Unemployment Claims Halts Historic Run of Job Growth
The WSJ: Fed Unveils Major Expansion of Market Intervention
Optimistic post day 10:
✅ Trees need wind to blow against them because it causes their root systems to grow deeper. The tree accepts the strong wind as a blessing. Such experiences develop our character and deepen our spiritual roots. When we grow deep, we too, stand tall.
— Michael H. Baker, CIMA®, CFP® (@MichaelHBaker) March 25, 2020
Weekly Mixtape
The Reformed Broker: Life Is Beautiful “In my opinion, this event will be with all of our children forever. They will never forget it. It is shaping their subconscious in ways we won’t fully appreciate until their generation comes of age.”
Ryan Krueger: The Other Side “I will never be anything close to as lovable as she was as a business owner. But, that is what a hero is for – somebody to make you want to be better. Somebody who makes overcoming anything bad only a matter of when, not if.”
A Wealth Of Common Sense: How Did We Ever Get To The Roaring Twenties “But it’s encouraging to see what people have battled back from in the past. The fact that people were willing to shrug off such a debilitating period and turn it into one of the most optimistic decades our country has ever seen speaks volumes of our ability to continue moving forward.”
Jason Zweig: We Can’t Prevent Market Panics. We Can Control How We React. “Blind faith in tools for controlling financial risk has never made sense. If risk could ever be eliminated, investors would immediately turn so euphoric that they would drive the prices of financial assets sky-high— thereby creating an enormous new risk out of the absence of all the old ones.”
Your Brain On Stocks: The Itch For Action “The greatest trick the devil ever pulled was convincing investors they need to do something right now.’
Of Dollars And Data: Buying During A Crisis “The one thing that never ceases to amaze me is how much clarity can come from a little bit of simple math. It’s a sanity check on a world filled with hysteria. ‘
Douglas Boneparth: This Is Where I Am “This is where I’m at right now. I am very much still grappling with the enormity of it all. Still unable to get my arms around the entire thing. I constantly go back and forth between believing we will be okay in the long term and the realities of daily life while being quarantined at home with two little children. If anything, I’m determined to make that my silver lining when we’ve made it through this.”
All About Your Benjamins: The Importance Of Mentors (From The Advisor Of Tomorrow)
All About Your Benjamins: Phil Pearlman: Building On The Experience Of Others(Podcast)
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.
