Weekly Mixtape For November 22nd, 2020

Week In Review Articles

The WSJ: U.S. Stocks Slipped In Friday Trading, Ending A Choppy Week On A Muted Note

The WSJ: Biden Team Faults Mnuchin for Letting Fed Aid Programs Lapse

The WSJ: Pfizer, BioNTech Ask FDA To Authorize Their Covid-19 Vaccine

The WSJ: Covid-19 Testing Demand Surges Again, From Thanksgiving Travelers and Rising Infections

Wall Street Bound


Weekly Mixtape

Morgan Housel: We Have No Idea What Happens Next “But everyone in the world has suddenly been exposed to problems they had never seen before. They’ve become aware of new risks. New constraints in how they live, work, and play. A whole new set of perspectives on how to keep your family safe, run a business, and use technology.”

A Wealth Of Common Sense: Is the Vaccine Our One Giant Leap? “But there is light at the end of the tunnel and I’m hopeful 2020 will come to be looked at as a pivotal year in terms of advancing the science of disease prevention and vaccine research.”

Seth Godin: If It Were Easy…“Then everyone else would find it easy as well. Which would make it awfully difficult to do important work, work that stands out, work that people would go out of their way to find.”

Barry Ritholtz: The Halfway Point “Ultimately, we are judged by the challenges we each face, and how we rise to those occasions. No one asked for this pandemic, but it can be used as an excuse to develop new habits, to do the things you might not would have had the chance to do without this externality. Do your best to prevent 2020 from being an annus horribilis. “

Roger Whitney: How To Simplify Your Decision Making Process For Retirement Planning “Picking a toothpaste can be hard. And so can making the right retirement choices. But with a focused, efficient decision-making process, you can make your most important choices in a way that leaves you feeling energized about your future, not fatigued.”

The Belle Curve: The Most Important Assumption “The human brain is hardwired to react to immediate danger. Our ancestors lived to see another day when they ran away from something that looked like a lion. It didn’t matter if what they saw was actually a lion or not. Modern humans have the same urge to flee in our DNA. Our adrenal gland releases the hormone epinephrine, and we are off to the races.  When the stock market sells off dramatically, we want to get out of the way, sell, and remove the immediate pain. But what we fail to internalize is the longer term, less immediate, but very real, danger of price inflation.”

Khe Hy: How To Design The Perfect Day “The formula is shows us how our happiness (and ultimately our lives) teeter on a razor thin equilibrium. When our expectations are too high, reality fails to keep pace. (Happiness, negative.) But do you want to live in a world of lowered expectations, just so that reality can clear this reduced threshold?”

Thomas Kopelman: HENRY’s–How To Make The Most Of This Opportunity ” I know it may be hard to find ways to make room in your budget and save, but it is possible. We need to understand that our incomes right now do not necessarily support the lifestyle we see others live on Instagram and that is okay. It gives us something to work hard towards. “

Inc.Com: 11 Habits of Genuinely Likable People No one receives enough praise. That means one of the easiest ways to be likable is to tell people what they did well. Wait, you say you don’t know what they did well? Shame on you — it’s your job to know. Not only will people appreciate your praise; they’ll also appreciate the fact you care enough to pay attention to what they do. And then they’ll feel a little more accomplished and a lot more important, and they’ll love you for making them feel that way.”

Inc.Com: Neuroscientist: Covid Brain Is Real. Here’s How to Deal With It “Ugh, you might be groaning, not yet another expert nagging me to try mindfulness meditation. But the reason so many people recommend the practice is because a mountain of research shows it works.”

The WSJ: 50 Affordable Holiday Gifts for 2020 They’ll Want to Use Right Away

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.