"People have vastly different desires, except for three things: Respect, feeling useful, and control over their time. Those are nearly universal. ...the past wasn’t as good as you remember, the present isn’t as bad as you think, and the future will be better than you anticipate. A comforting delusion is thinking that other people’s bad … Continue reading Little Rules About Big Things
Tag: investing
What a Bear Market Looks Like
But for those of us who were investing in tech and tech startups back in 1999-2002, that time will forever be etched in our minds. It was a brutal period during which our belief in the Internet and its potential was sorely tested. Many friends and colleagues left the sector and never returned.So while crypto … Continue reading What a Bear Market Looks Like
Bogleheads
"Welcome to the Bogleheads® wiki, a collaborative undertaking by members of the Bogleheads Community. This wiki is a reference resource for investors. Bogleheads emphasize starting early, living below one's means, regular saving, broad diversification, and sticking to one's investment plan."-https://www.bogleheads.org/ Never heard of it. But, the emphasis seems right. Bookmarking.
Stable Anchors & Financial Dominance
"The less dominant the U.S. economy is, the less the dollar can function as a stable anchor for the global financial system. It was still intact in 2008-10, when a global financial crisis sent capital flooding to the safe haven of U.S. government bonds. But in recent years, people have begun to question whether Bretton … Continue reading Stable Anchors & Financial Dominance
Over the Long Term: Good Market > Good Team
"These data points made me think about an important piece of advice that a well respected hedge fund manager once told me — most of your financial returns will come from the markets you select to invest in, rather than the actual securities you decide to hold. Another way to think about it is through … Continue reading Over the Long Term: Good Market > Good Team
Play Your Own Game
1. Judge less.At least half the people doing things with money that you disagree with are playing a different game than you are. You probably look just as crazy in their eyes.2. Figure out what game you're playing, then play it (and only it).So few investors do this. Maybe they have a vague idea of … Continue reading Play Your Own Game
Waiting for the Last Dance
"...it is highly probable that we are in a major bubble event in the U.S. market, of the type we typically have every several decades and last had in the late 1990s. It will very probably end badly, although nothing is certain. I will also tell you my definition of success for a bear market … Continue reading Waiting for the Last Dance
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