QUOTE OF THE DAY
Don’t stick your head in sand like institutional investors
who somehow think they can generate 10.9% returns over the next 5 years. (abnormalreturns)
CHART OF THE DAY
MARKETS AND INVESTING
Positioning vs. Construction, Josh Brown.
Every Financial Crisis Is Different, John Rekenthaler. "Every financial crisis is different.
Because of that, we cannot apply lessons from the past to learn about the
future. Nor we can look to those who made the right call last time. There's
nothing to do, logically, but to trudge along as always, on the logic that the
markets go up more than they do down and that, without the benefit of
hindsight, we cannot know which investment expert will be correct about this
particular crisis."
Wise Investors Can Learn A Lot From Their Emotions,
portfoliocharts.com.
The Biggest Rock.
TheFinanceBuff. "Your
biggest rock is your human capital, your ability to add value and do things
fewer others can."
A note on threshold rebalancing, Monevator.com. "However the threshold approach enables
you to better fine tune your operations to take more control over costs and to
reduce the impact of choppy markets."
You Have to Invest. Ben Carlson. "Even a mediocre plan
is better than none."
The Vagaries of Using CAPE toForecast Returns, CFA Institute.
In Human Affairs “Never Say Never” AlephBlog.
"Rates can go lower from here."
How Dare You Make Us Eat Our Own Cooking! "“How can you recommend that others use
your funds to save for retirement when you yourself have sued to get out of
having to use them?” You can’t answer it without contorting your soul into a
pretzel."
Benjamin Graham on Financial Advisors, Ben Carlson. "This
is the whole point of Graham’s concept of margin of safety — you have to leave
room for error, both in terms of your investing decisions and your behavioral
actions."
Bond Ladders Unfairly Demonized, ETF.com
The Laws of Capitalism are Being Rewritten, Josh Brown.
Long-Term, Really Long-Term, And What You Should Focus On, irrelevantinvestor.com. "What you should focus on: Living a
happy, productive life"
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