CATEGORY
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 …
Looking back on my own life, the hundreds of personal finance and meaning of life books and blogs I have read, and the tens of thousands of conversations I have had with clients, prospective clients, financial professionals, industry folks, and coaches of every stripe I have distilled a few very simple things that can stack …
If Abraham Maslow taught a class in personal finance, he would have described earning and saving as the foundation of any personal financial success program. Earning allows us our physiological needs – food, shelter, clothing – and saving is the bedrock of security. Earning and saving would be the bottom two levels of his famous …
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