Week In Review Articles
— jack butcher (@jackbutcher) October 10, 2021
Morgan Housel: Nature Shows Us How This All Works “That’s not to say good returns don’t matter. Of course they do. Just that they matter less than how long your returns can be earned for. “Excellent for a few years” is not nearly as powerful as “pretty good for a long time.” And few things can beat, “average for a very long time.” Average returns for an above-average period of time leads to extreme returns.”
Dr. Joy Lere: Enough “One of the problems with chasing “more” is that most people don’t bother to do enough soul-search to create an actual definition of what “enough” means to them. They haven’t defined metrics; therefore, measurement is often haphazard if it happens at all. The race they are running leaves them too tired to critically examine the construct they are charging after.”
SEC.gov: Lawless In Austin “Embedded within the negative Wild West analogy for the crypto-frontier is a concern that unwitting and unwilling investors are being harmed by participating in the crypto markets. To those who do not view the opportunity to participate in these markets as valuable, the lack of regulatory clarity in the United States could actually be a way of protecting investors from harm: If ambiguity prevents them from participating, so much the better!”
Barry Ritholtz: Frances Haugen-The Facebook Whistleblower “Looking to make a buck for themselves. Everybody’s deep in their hole, trying to elbow out others to get ahead. They’ve got contempt for others, there is no common good. That’s what “Squid Game,” the most popular show in the world, is all about. It’s not a revelation, it’s reality. People will do anything to survive, to keep the world running how they want it to.”
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