Weekly Mixtape for January 27th, 2018


Abnormal Returns: Control What You Can And Let The Market Do What It Will “Leave the debate over returns assumptions to the politicians. Control what you can, let the markets do what they are going to do, and focus on the long run.”

Morgan Housel via Collaborative Fund: The Thin Line Between Bold and Reckless “The hardest thing about studying businesses and investors is that many traits that fueled their success could have just as easily triggered failure. But we rarely think about it that way when learning from specific outcomes.”

A Wealth Of Common Sense: Investment Management vs. Financial Advice “And as portfolio management functions continue to see further technological gains in the future the basics will become more and more of a commodity, so financial advice will be a huge differentiator in the financial services industry.”

The Reformed Broker: You Are Remembered For The Rules You Break “His biggest regret is that he can’t do it all over again, and live in these moments one more time.” 

The Financial Bodyguard: Heroes vs. Villians “By delegating the management of your money to a third party (either a fund manager or a discretionary portfolio manager) do not make the mistake of assuming they will be in control of their emotions any more than you are.  Do your homework.  Ask about their investment process.  If they can’t explain it in simple to understand terms within a couple of minutes find someone who has an investment process which they can explain.”

Of Dollars and Data: Success By Exhaustion “Saving more money is a brute force solution to the problem of unknown future investment returns.”

Corey Hoffstein: Quantifying Timing Luck “We believe the magnitude of timing luck impact is much larger than most believe, particularly in tactical strategies.” This one is heavy in the math, so heed Corey’s warning to skip if math isn’t your thing.

All About Your Benjamins: Own Your Financial Mistakes

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.