Week In Review Articles:
The Wall Street Journal: GE Drops Out of the Dow After More Than a Century
The Wall Street Journal: Big Banks Clear Fed’s Stress Tests
CNBC: US weekly jobless claims total 218,000, vs 220,000 expected
Mixtape:
Morgan Housel: Tails, You Win “And remember, reading this means you belong to the only species out of 8.7 million on this planet that can read. And our planet is the only one out of 100 billion in our galaxy that we know has life. So just reading this article is the result of the longest tail you can imagine.”
Bob Seawright: Proof Negative “For advisors, in particular, that means prioritizing the management of client behavior over finding great new ways to manage money. If our job is to “earn big returns” or “beat the market,” the odds are against us. If our job is to “keep clients from screwing up,” we have a fighting chance.”
The Reformed Broker: Hostages “Guys have price targets for where they think the S&P 500 will end the year. That’s nice.”
The Irrelevant Investor: Pop “It was hard not to get swept up in the mania. That’s what bubbles do. They suck us in. The other thing bubbles do is they pop, which is where we are today.”
Dina Isola: Cheap Trust Can Be Very Expensive “In spite of what ugliness I have seen in the financial services industry, there are many people in life who choose to do the right thing to help others and who generously share their knowledge for good; and not because they have to.”
Of Dollars And Data: The Evil Hours “This is why the term “the evil hours” is so relevant for financial markets, because we replay traumatic market moments in our head over and over again and they can come to define how we invest in the future.”
A Wealth Of Common Sense: Why The Next Bull Market May Feel More Painful “Your perception of risk is constantly changing, whether you know it’s happening or not. The current market value of your portfolio can play a large part in how you view risk at any given moment.”
A Wealth Of Common Sense: Too Big To Be Simple “The short answer is, no there is no such thing as too big to be simple.”
All About Your Benjamins: The Countdown To EBI West Is On
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 disclaimer page.
