Week In Review Articles:
Of Dollars and Data: Stay on Script “It seems hard to believe that a simple rule (i.e. “buy cheap stocks”) can outperform the complex processing power of the human mind, but the evidence suggests that this is true in investing. Though we think we can outsmart such simplistic investment notions, chances are we cannot.”
Morgan Housel via Collaborative Fund: Ironies of Luck “If risk is what happens when you make good decisions but end up with a bad outcome, luck is what happens when you make bad or mediocre decisions but end up with a great outcome.”
567 Capital: The Best Investment Advice Nobody Will Give You “Here’s the best advice nobody[iv] in the financial industry will tell you: Your savings rate is more important to your investing success than your rate of return.”
A Wealth Of Common Sense: Some Perspective On Investment Advice “The true test of any investing advice comes after the recommendations are made and that person has to actually implement and live with the consequences.”
Financial Bodyguard: Dumb Beats Smart “However, there are signs that the tide is turning and investors are – quite rightly – starting to question the fees that they are paying to both their portfolio manager and to the active fund management industry.”
Fervent Finance: The Problem With Frugality “There is a problem with ONLY preaching frugality (or 99% of the time), it is that you are forgetting the other side of the equation – income. You can only cut your expenses so far.”
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.