Quote for the Week
Visualize yourself looking back when you’re 80 years old, reviewing whether you invested your money wisely. Ask, “What is it I can trust myself to do in good times and in bad?” Then write it down on one side of a single sheet of paper — when you’ll put money in, how you’ll manage it, when and why you’ll take it out. The best plan, for most of us, is to commit to buying some index funds and do nothing else. Benign neglect is the secret to long-term success. If you change your investment policy, you are likely to be wrong; if you change it with a sense of urgency, you’re guaranteed to be wrong. — Charles Ellis (source)
From the Archives
Last Call
- What Beat the S&P 500 Over the Past Three Decades? Doing Nothing – J. Ptak
- Marks Memo: Lessons from Silicon Valley Bank – H. Marks
- What I Learnt From Three Banking Crises – FT
- Long Bonds Are No Longer for Fools – J. Rekenthaler
- The Winner’s Edge – Farnam Street
- Exploring Productive Bubbles – Generalist
- How Bookshop.org Survives and Thrives in Amazon’s World – Wired
- The $1 Million Shot that Changed Sports Contests Forever – ESPN
- How Chicago Became So Huge – Uncharted Territory
