SBV Curated Content | A Weekly Update of Enlightening & Intriguing Information | July 14, 2021
Businesses, Stock Markets & the Economy
Doing Nothing is Hard Work “Why soccer goalies should stay in the middle more on penalty kicks….” (Ben Carlson)
“Successful investing tends to be boring and long-term in nature but it’s hard to look cool with a boring, long-term strategy. Where’s the fun in that?”
Your Finances & other Wealth Management links
What 4.8 Million Scams Look Like “Here are all the ways to get defrauded, according to the U.S. government.” (Bloomberg Businessweek)
- Investing Is Both Simple and Hard
- Behavior Is Everything
- Moderation In All Things
- Risk and Reward Are Inseparable
- Spend Less Than You Earn
- Leverage Kills
- Understand Your Role
- Be Aware of Your Limitations
- Own It
- Invest In Yourself
Morgan Housel’s “Money Rules”.” (collaborativefund.com)
“Barry Ritholtz asked people for their top 10 money rules last week. Here are mine…
- What money can and can’t do for you isn’t intuitive, so most people are surprised at how they feel when they suddenly have more or less than before.
- Money makes it easy to mistake optimism (good) with gullibility (dangerous) and overconfidence (disastrous).
- Getting rich and staying rich are different things that require different skills.
- The formula for how to do well with money is simple. The behaviors you battle while implementing that formula are hard.
- “Save more money and be more patient” is too simple for most people to take seriously, but it’s the best solution to most financial problems.
- Expectations move slower than reality on the ground, so it’s easy to become frustrated when clinging to the economic trends of a previous era.
- Everything is relative. John D. Rockefeller was asked how much money was enough and said, “Just a little bit more.” Everyone, at every income, tends to feel the same.
- Spending money to show people how much money you have is the fastest way to have less money.
- Debt removes options, savings add them.
- No one is impressed with your possessions as much as you are.
The Environment & ESG (Environmental, Social & Governance) Investing
Watch in 30 seconds?Visualizing 50+ Years of the G20’s Energy Mix (Visual Capitalist)
Your Physical & Mental Well-being
Who Needs the Grand Canyon? Try a Microadventure. “How to find a sense of awe and discover a miraculous world right outside your door.” (The New York Times)