Quote for the Week
The truth is: Investing is not easy; making money isn’t easy. How can it be easy? Everybody wants to make money. It is a very competitive activity. But if you are disciplined, if you study, and if you can keep your emotions under control, then you can do these things. But one of the real keys is to keep your emotions under control. Everything in the environment conspires to make us do the wrong thing, to buy when things are going well and prices are high — and to sell when things are going poorly and prices are lower, which is the exact opposite of what we should do. But it all comes from emotion. We have to resist. — Howard Marks (source)
From the Archives
Last Call
- Marks Memo: Further Thoughts on Sea Change – Oaktree
- How to Become a Better Investor: Avoid Stress – Klement on Investing
- How Likely Are Market Crashes? – L. Swedroe
- Notre Dame’s Head Coach Should’ve Listened to Warren Buffett – Wall St Gunslinger
- Economic Moats: The Key Ingredient for Sustainable Dividends and Buybacks – Flyover Stocks
- Todd Combs: Investing, the Last Liberal Art (podcast) – Art of Investing
- How Thinking in a Foreign Language Improves Decision-Making – Guardian
- Coin Tosses Are Not 50/50 – IFLScience
- Positively Glowing: Fluorescent Mammals are Far More Common than Earlier Thought – Guardian
