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What defines an excellent financial advisor? If you asked five different people, you’d likely get five different answers. However, when you ask thousands of people, clear trends emerge. Much like Dimensional Fund’s survey of 19,000 investors, these shared attributes give us a pretty clear idea of what separates a truly effective advisor from the rest. …
When we are little, all our worldly possessions fit inside a single box. As we grow up, we acquire more things… and need more boxes. As we complete our educations and launch into our careers, we begin a march towards ever-increasing financial complexity… And we continue to need more boxes. At some point, you may …
For the last decade (or so), I have written both an annual and a mid-year letter to our readers. In the beginning, it was intended for our clients, but today we have over 2500 readers (fewer than 10% of which are clients). I’m happy to share my goal-focused, planning-driven, long-term equity philosophy as broadly as …
Investing can often feel like navigating a vast, unpredictable ocean. Markets rise and fall, news headlines shift sentiment, and even seasoned investors can find themselves questioning their decisions. In such a turbulent environment, finding a guiding principle can be invaluable. There was a book I read to my kids when they were young, Zen Shorts by Jon …
If you spend a little time on Mindful Money, you might get the sense that I recommend against hiring a financial advisor. And, while it is true in many cases, such as: It isn’t always true. The financial press covers the daily gyrations of economies, markets, and individual investments in a way that makes the …
I talk a lot about the idea that stock prices follow earnings. This is what that looks like over 30 years: At the same time, whenever the stock market is bouncing around near all-time highs (as it is today), I start to get questions about the market getting “too high.” So… are today’s stock prices …
In August 1978, the 2-year vs. 10-year treasuries set the prior record of yield curve inversion – 624 days. Since that time, every inversion has ended in recession. Yield curve inversion has been, since that time, the single best predictor of a recession I know of. It has always been a certainty that it would …
This blog is the last of a 10-part series which covers everything you need to know to get started on your path to financial freedom: 1. The First Step in Any Financial Plan is NOT What You Think. We Start by Knowing What is Worth Seeking. 2. Developing Your Vision of a Perfect Life 3. Adopt a Savings …
July Member Letter I’m even more delighted than usual for our mid-year report on the events of the last six months, and on the further progress of our long-term plan. But first, as always, a brief recitation of our principles. The Ideas That Guide Us We are long-term, goal-focused, planning-driven investors. We are owners of …
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