Weekly Mixtape For September 25th, 2022

The headlines that may or may not be impacting your financial plan and portfolio.”

Market and Economy Talk | The Weekly Mixtape

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Weekly Mixtape

Morgan Housel: Incentives–The Most Powerful Force In The World “Stories are the only realistic solution, simplifying complex problems into a few simple sentences. And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. 

The Reformed Broker: You’re Not Good At This “It’s not numbers on a spreadsheet. We’re talking about people’s lives being played with. The social costs of being separated from employment are obvious on an aggregate level. On a local and personal level they can be catastrophic. Creating massive bubbles in one calendar year only to have to pop them in the following calendar year is irresponsible. There should be something in between 90mph and slamming on the e-brake. Is this not taught in PhD school? Most of us are taught moderation in elementary school. The marshmallow test. Impulse control. Nap time. Listening.

Bob Seawright’s The Better Letter: Working Hypothesis “Free global markets do not test reality directly. But a new product that works better than existing products can garner capital, sales, and profits, making such “truth” actionable. And false claims generally indicate a poor product and lead to fewer sales, providing accountability.

Dr. Joy Lere: Third Eye Blind “Humans will go to great lengths to avoid looking in the mirror. The truth can be hard to stomach, but we can only reach our full potential when we dare to see ourselves clearly. This process occurs through relationships. We need other people to refract the parts of us we can’t, don’t, and won’t see.

Morningstar: The Worst Year In U.S. History For The 60/40 Portfolio “An even better reason not to jump off a cliff is the performance of the 60%/40% portfolio following past occasions in which it lost as much or more as it has this year. Over the five subsequent years following those past occasions, the portfolio turned in well-above-average returns — as you can see from the table below.

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.