Weekly Mixtape For May 12th, 2018

(Next week I’ll use my camera instead of iPhone so the video is full screen–lesson learned!!)

Week In Review Articles:

Wall Street Journal: U.S. Consumer Sentiment Held Steady In Early May

Wall Street Journal: Trump Withdrawals U.S. From Iran Accord

Wall Street Journal: Pension Funds Still Making Promises They Probably Can’t Keep


The Reformed Broker: You Are What You Read “Your beliefs will be shaped by the information and opinion you come into contact with. All of us are susceptible, there are no exceptions. Once you understand this, you’ll become a more discerning consumer of content and you’ll waste a lot less time and energy staying up on what’s going on”

Morgan Housel via Collaborative Fund: Nobody Planned This, Nobody Expected It “Room for error doesn’t just protect you from risk you’ve experienced in the past; it guards against future risk you haven’t thought of.”

Tenelle Porter (h/t Brian Portnoy): The Benefits Of Admitting When You Don’t Know “There is reason to think intellectual humility may help people learn above and beyond the benefits of growth mindset.”

Of Dollars And Data: Why Winners Keep Winning “I ask you this question because accepting luck as a primary determinant in your life is one of the most freeing ways to view the world. Why? Because when you realize the magnitude of happenstance and serendipity in your life, you can stop judging yourself on your outcomes and start focusing on your efforts. It’s the only thing you can control.”

Peter Lazaroff: What Happens When You Ask For Financial Advice In Public “The best I can do with a short window of time is help you avoid mistakes. After all, a lot of investment success is about minimizing errors so that you get the full benefit of compounding over multiple decades.”

The Irrelevant Investor: Should I Time The Market? “Waiting for a better pitch is always tempting, but timing the market is notoriously difficult, even for the shrewdest investors.”

Brendan Mullooly: When Doing Nothing Means Everything “Our reaction to circumstances can either be water or gasoline on the fire. Choose wisely.”

Andrew Thrasher: Equities Are Not In An Up Trend “It’s okay that we’re in a period of consolidation. It’s important to recognize what’s happening and respect it rather than try to twist it into something it’s not.”

Ashby Daniels: Medicare: Almost Everything You Need To Know My friend Ashby does a knockout job of putting together a great Medicare resource!

All About Your Benjamins: “Subscription Is The New Location”

All About Your Benjamins: Whiteboard Series- Stagflation


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.