Weekly Mixtape For September 26th, 2021

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Week In Review Articles

The WSJ: Congress Heads Into Tumultuous Week Pressured by Converging Deadlines

The WSJ: Fed Tees Up Taper and Signals Rate Rises Possible Next Year

The WSJ: Evergrande’s Global Bondholders Didn’t Receive Interest Payment

The WSJ: CDC Chief Backs Pfizer Boosters for At-Risk Workers in Break With Panel

The WSJ: Cargo Delays Are Getting Worse, but California Ports Still Rest on Weekends

The WSJ: China Declares Cryptocurrency Transactions Illegal; Bitcoin Price Falls

Morgan Housel: History’s Seductive Beliefs “The biggest takeaway from history is that the characters change but their behaviors don’t. The technologies, trends, tragedies and winners – the events that take place – are always in flux and can be nearly impossible to predict. But the behaviors that drive people into action, influence their thoughts and guide their beliefs, are stable. They’re the same today as they were 100 years ago and will be 100 years from now.”

Barry Ritholtz: What If Things Go Right “There are always things to be concerned about in markets, millions of reasons to sell as the market climbs a wall of worry. The trick is to understand what is merely day-to-day noise versus what is deeper and more significant.”

The Reformed Broker: The Taper, When It Comes, Will Feel Like A Relief “Many of the forces I’ve described to you had already been in place long before the onset of Covid-19. But the reaction to Covid sent them all into overdrive, hastening their impact upon everyone and everything until we reached the point of optional employment, labor and parts shortages, venture and private equity funds drowning in capital and a pumped up stock and bond market that make the prospect of forward returns require a great deal of imagination.”

Indeedably: Assumption “We all make assumptions in our planning.”

The Irrelevant Investor: How You Feel About Money “The thing that most influences how you feel about money is how you grew up around money.”

A Wealth Of Common Sense: Can Young People Still Count on Social Security? “The authors of the most recent report even took their calculations out to the year 2095. At that point, they estimate payroll taxes should still be able to cover 74% of payouts to Social Security recipients.”

Jordan Nietzel: The Economics Of Investing In Yourself ““Invest in yourself” has become a rallying cry for millennials and gen z. Search the phrase and you’ll find articles telling you to travel more, set goals, build relationships, meditate, and get outside. We have taken the idea and applied it to virtually anything that may make us happier. While “investments” in these things may be worthy, in this post I’m going to narrow the focus to explore investments of money and/or time to create a higher income in the future.”

The WSJ: The Surprising Way Nike CEO John Donahoe Starts His Day “I’m a creature of habit. I wake up at 5:45 every weekday morning. The first thing I do is drink 33 ounces of water and two cups of coffee, and then I stretch using the Hyperice Hypervolt [a massage recovery device]. I meditate for 10 minutes and then I have a Nike personal trainer—his name’s JC Cook. I work out from 7 to 8, four mornings a week with him.”

A Wealth Of Common Sense: Why I Might Never Pay Off My Mortgage “Many personal finance debt scolds will scoff at such a strategy. And that’s OK. I get it. Some people are deathly afraid of debt in any form. I have no problem with people paying off their mortgage early. I’m sure few people ever regret that decision.”

Treyton DeVore: Can Introverts Be Successful Entrepreneurs? “Not everyone is going to connect with your vision and values, meaning you might feel like an ‘outsider’ in social settings because people just don’t understand your passion of trying to live a meaningful, impactful life.”


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.