Week In Review:
Morgan Housel: Useful And Overlooked Skills “There’s a useful and overlooked skill: Accepting a certain degree of hassle and nonsense when reality demands it.”
Retirement Field Guide: Softening The Edges Of The Market “In other words, every time we see better returns away from us (traffic moving faster) our inclination is to move to that new investment, just in time for the cycle to change. That puts us back in the slow lane. As we sit in the slow lane, we again see better returns away from us (traffic moving faster again) thinking this time it will be different. Then the cycle changes again. And round and round we go.”
Douglas Boneparth: Three Ways To Invest ” No matter how go about it, be sure to always do what works best for you in the context of your own financial life. This not only means understanding your personal preferences and perception of value, but it also means understanding what your time is worth and what you’re willing, or not willing, to do by yourself. And last, but certainly not least, it means knowing exactly what you’re paying for.”
Of Dollars And Data: The Errors That I Don’t See “Because even the most minuscule of errors call into question the quality of everything else you produce.”
Pete The Planner: Want a Good Lesson in Financial Planning? Study How Well Your Parents Did or Didn’t Do “By observing how your parents were able to deal with the challenges of their time, you will better be able to gain perspective on how you’ll overcome your challenges.”
A Wealth Of Common Sense: 4 Overlooked Investment Decisions “Investing is never a precise endeavor because there will always be an element of uncertainty involved. Each decision you make in the portfolio management process may not add value in and of itself, but when taken together, a handful of decisions that offer you slight edges over the long haul can add up.”
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.