To stay current with all that’s happening in the financial world and beyond, I do quite a bit of reading. Here are a few items I came across this past week I thought were worth sharing.
The difference between amateurs and professionals (farnum street)
A thought provoking piece on the differences between amateur and pro mindsets. One of the questions at the end has got me looking at many aspects of my life through a different lens. Here it is – “In what circumstances do you find yourself behaving like an amateur instead of a professional?”
Putting the buy-and-hold gospel to the ultimate test (Wall Street Journal)
Today being Halloween, I had to include a scary story about the markets. This past Tuesday was the 90th anniversary of the 1929 stock market crash. This article was interesting in that the author provides a brief history of events and then compares that era to today’s markets and economy. If you get spooked after reading it, don’t be. This is the most hated bull market in history. The time to get concerned is when investors begin feeling exuberant.
Chart: Higher education & medical care inflation
Although the government’s measure of inflation (blue line) has been low this century, your personal inflation rate probably tells a different story. Especially if you have health care (gray line) or college expenses (black line) in your future.