Historically, it seems the primary function of financial journalism (perhaps all journalism) is to scare us out of our wits. We have been reminded of this almost hourly since the S&P 500 entered official “bear market territory” on Monday, June 13th by closing 20% below its previous all-time high set in January of 2022. Bear

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Featured Articles: Good Writing From Around The Web Seven Varieties of Stupidity We seek to better understand intelligence. We should seek to understand stupidity with equal vigor. ‘Everything Is Terrible, but I’m Fine’ I’m doing great; all those other people are suffering. I’m Right, and You’re an Evil Monster It should be strange to us

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Today marks the first anniversary of my brother’s death. Dave died on June 17th, 2021 – the day before his 46th birthday. He lived with his family in San Ramon and in the 5 years before his death culminating with the pandemic lock-downs, my “inner circle” had largely collapsed to him and one other guy.

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Every successful retirement income plan requires a solution for 2 unknowns: Longevity – how long will we need income, and Inflation – how much will prices rise. The fundamental problem of retirement income is building an income that rises to meet your rising cost of living and lasts the rest of your life. Longevity risk

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Featured Articles: Good Writing From Around The Web Generating Alpha Sows the Seeds of Its Own Destruction It’s a cautionary tale. Attempting outperformance leads to underperformance. Going to the Gym in the Dark This is an excellent way to build your “overcoming adversity” muscles. How to Be Healthy in a Dopamine-Seeking Culture And this: The

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These are fundamentals of investing. Successful lifetime investors remain aware of these two realities at all times. When most people hear them in a calm setting within the context of long-term planning, they agree. They don’t push back at all. It just makes sense. It is a fact that doesn’t need proof. It is the

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Featured Articles: Good Writing From Around The Web Aristotle Goes to Hollywood Catharsis is the real power of the Story. When we go from, “That poor man,” to “That could be me,” empathy is born. Earnings Math Catches Up With the Tech Highfliers Earnings drive stock prices. Sometimes this means we can feel comfortable while

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It is obvious that it depends on the depth of a particular bear market. It’s slightly less obvious that it also depends a great deal on how long you have been invested. If you have recently begun investing –OR– if you have recently changed your investing philosophy and a bear market arrives, it is very

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Thanks Michael for the conversation. I appreciate the opportunity to talk about the vision my brother and I had so long ago. ABOUT THE EPISODE “When you think about your finances, stop predicting, start planning and stay mindful.” Jonathan DeYoe Most people have free-floating anxiety about anything to do with money. However, embracing mindfulness in

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