Creating a Virtuous Cycle

Creating a Virtuous Cycle There are many concerns today that can significantly affect our thoughts, actions and quality of life. Fires out west. A devastating hurricane in the south. Afghanistan. COVID. The list could go on and on. There are many things that are beyond our control in life. However, we can choose to focus…

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The Virtue of Slowing Down

The Virtue of Slowing Down Today we are considering the virtue of slowing down. Time is an interesting dimension. It is a fixed measurement, yet our perception of time varies greatly depending on what we are doing. Longest 8 Seconds It has been said that the longest eight seconds in life is riding a bull.…

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Learning From Investment Fads

As we are midway through the year, it can be a good idea to take stock of what happened so far, and what we can learn from the investment fads so far this year. Looking back is an important activity as we seek to progress. It’s not about beating ourselves up for mistakes or feeding our…

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Don’t Worry, Be Happy

These days it seems there is so much to worry about. The media is replete with news of shootings, civil unrest and the global pandemic. Financially, there are concerns about inflation, taxes and deficits. Life, with all its trials and uncertainty, provides ample opportunities to worry. If we aren’t careful, we could be consumed with…

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How Are Your Resolutions Doing?

How are your 2021 resolutions doing? We are three months into 2021 and there is a good chance that half of all the New Year’s resolutions have already failed. A long-term study by the University of Scranton found that less than 10% of resolutions become part of our lives1. The Key to Progress Such a…

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One Year Later…

At certain anniversaries it can be helpful to pause and reflect on what happened over the past year and what, if anything, we can learn from and improve upon going forward. Pause and reflect We are now one year after COVID was recognized as a global pandemic, the market dropped off precipitously and, unbeknownst at…

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Intellectual Humility

Humility, or I should say the lack of humility, is a quality that is easy to identify in others, yet difficult to see in ourselves. Humility is a difficult quality to develop because it may threaten our sensitive egos. Ego is important; we all have one. Our very survival depends on what “I” do or…

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Seeing Green? (The Lure of Envy)

The color green is attributed to many positive things in life. Green is often used as a symbol of prosperity and even represents life itself. But not all green is good. Being green with envy is a characteristic we should avoid like the plague. As Charlie Munger put it, “There’s an old saying, ‘What good…

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Cost of Investor Behavior

Investors often respond emotionally to the market. And whether that emotion is fear of loss or fear of missing out, it is powerful. We are inclined to sell something that goes down and buy whatever is doing well. This has been going on for decades and continues to this day. It’s just about as reliable…

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A Persistent Forecast for 2021

Persistent (def) – continuing to exist or endure over a prolonged period Wall Street forecasts lack persistence. Their shelf life may only be a few weeks or months at best. 2020 was a great example; once COVID hit, existing forecasts became worthless. And this happens just about every year – excuses abound as to why…

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