Week In Review Articles:
The WSJ: U.S. Adds 20,000 Jobs Last Month, Fewer Than Expected
The WSJ: Productivity Growth Shows Signs of Long-Awaited Strength
The WSJ: Slow Growth Prods Central Banks
The WSJ: Stock-Market Volatility Takes a Bite Out of U.S. Households’ Net Worth
Mixtape:
Bob Seawright: Getting Busy On The Proof “On our best days, when wearing the right sort of spectacles, squinting and tilting our heads just so, we can be observant, efficient, loyal, focused, assertive truth-tellers. However, on many days, all too much of the time, we’re delusional, lazy, short-sighted, partisan, arrogant, easily distracted confabulators. It’s an unfortunate reality, but reality nonetheless.”
The Irrelevant Investor: What Happens After You Win “Your brain works against you when you’re cold and when you’re hot, everyone knows this. But the difference between knowing and executing is why the Market Wizard books sit on millions of bookshelves and why there are so few Market Wizards.”
Humble Dollar: Lighten The Load “Don’t get me wrong: There’s nothing wrong with trying to find happiness with these types of experiences. But I think we’re missing the other half of the happiness equation: We should also focus on what makes us unhappy.”
Morgan Housel: Pure Downside, No Silver Lining “The underappreciated part of reputational damage is how fast and far it spreads.”
A Wealth Of Common Sense: From Chaos To Concept “One of the reasons it’s hard for many people to make important decisions is because they have no decision-making process in the first place. We focus our attention on minor, meaningless tactics while ignoring the big ideas that could actually have a lasting impact.”
The Reformed Broker: The Breakthrough “I love to read. I have a nine-year-old son who can’t stand reading.”
The Retirement Field Guide: How To Avoid The Lifelong Medicare Penalty “Most people seem to be aware that there is a penalty for late-enrollment into the Medicare program. Unfortunately though, most people are unaware of how significant the penalty is. It is actually one of the steepest penalties that the federal government imposes on retirees. Perhaps second only to the 50% penalty for failing to withdraw Required Minimum Distributions.”
Douglas Boneparth: Bad Things, Good People “However, many take a “buyer beware” approach to doing business, making it that much more important to be financially educated. Financial literacy can protect you from the bad things that come from making bad financial decisions.”
The Reformed Broker: See Wealth, Not Money Or Status
Medium: Why Entrepreneur Stereotypes Are Damaging Our Society “Being an entrepreneur is very much the total opposite, at least in the beginning. By starting your own business you bet on yourself, your skills and your vision for your future. You completely ignore any vision you have for short-term success because you believe your idea is so great that it will help you sustain yourself in the long run.”
All About Your Benjamins: Unconventional Financial Planning
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.
