Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
Heartbleed Bug
Last week I mentioned how code is flawed. This week we were reminded again. A big security flaw popped up in the encryption used by sites to hide information like usernames, passwords, and credit card numbers. It’s called Heartbleed. This article explains it better than I can.
Not every site was compromised. Still, everything I’ve read suggests changing your passwords.
My weekend just got exciting. That means new passwords on almost everything. That goes for sites I shop at, all my financial accounts, email accounts, and social media sites. Everything gets a unique randomly generated password.
Since I can’t remember one random password if I tried, I use a password manager to do it for me. You can find a list here. It’s great tools to help keeps track of everything and generate new passwords too.
You should add this to your weekend to do list too, especially if your password is “password”.
Marks Memo
Howard Marks released his latest memo this week. He always shares several nuggets of wisdom. This one doesn’t disappoint. In it he says:
Unconventional behavior is the only road to superior investment results, but it isn’t for everyone. In addition to superior skill, successful investing requires the ability to look wrong for a while and survive mistakes. Thus each person has to assess whether he’s temperamentally equipped to do these things and whether his circumstances…will allow it.
There are a few great investors worth reading regularly and Marks is near the top of that list.
Last Call
- Why Do Investors Make Bad Choices?
- How to Cheat on Your Taxes
- Manipulate Me: The Booming Business in Behavioral Finance
- Pimco’s Bill Gross Picks Up the Pieces
- Survivorship Bias: Surviving Funds can Overstate a Category’s Performance
