Debt
- Solid advice on when you should or should not get yourself in debt by a great entrepreneur – Millionaire Mario Batali shares the only reason for getting into debt – https://www.cnbc.com/2017/07/30/millionaire-mario-batali-shares-the-only-reason-for-getting-into-debt.html
Personal Finance
- And here I was convinced that American’s were addicted to buying new cars all of the time. Maybe not – https://www.bloomberg.com/news/articles/2017-08-02/the-real-reason-car-sales-are-falling
- These guys (and gals) are some of the few honest and truthful thought leaders on personal finance with an excellent insight into the reality of retirement preparation. A wonderful article on personal strategic decisions as you prepare for your post career life. It’s not about being pessimistic. It’s about being realistic and most people are stuck in fantasyland – https://realinvestmentadvice.com/plan-for-the-worst/
- Lower savings rates point to problems ahead. Humans just aren’t that good at preparing for cyclical events and tend to assume that whatever is happening right now, will last forever. People have stopped saving for a rainy day and that’s just when an economic crisis strikes – https://www.cnbc.com/2017/08/03/big-decline-in-savings-could-spark-economic-calamity-albert-edwards.html
Investments/Valuations
- Goldman Sachs saying that when stocks are this expensive, future returns are low (or negative) 99% of the time – History says there’s a 99% chance stock market returns will be subpar from here – https://www.cnbc.com/2017/07/31/theres-a-99-percent-chance-stock-market-returns-will-be-subpar-from-here.html
- Howard Marks, one of the greatest value managers and grand-poo-pah of of Oaktree Capital that manages $99 billion in assets has this to say about the current markets and his take on history – “There they go again…again…” – https://www.oaktreecapital.com/insights/howard-marks-memos
- Here we go again, same sh!t show, different year – The sequel to the global financial crisis is here – https://www.cnbc.com/2017/08/01/the-sequel-to-the-global-financial-crisis-is-here.html
- Retired money manager Bob Rodriguez with some valuable insight and historical perspectives along with proven principles of investing success – https://www.advisorperspectives.com/articles/2017/06/27/bob-rodriguez-we-are-witnessing-the-development-of-a-perfect-storm
- Small cap value phenom Eric Cinnamond with some wise words, historical perspective and a personal story of a hard fought financial victory – http://www.ericcinnamond.com/the-third-time-is-the-charm/
- In 10 years we are going to look back and laugh (if many investors haven’t stopped crying at that point from losing huge sums of money.). If this isn’t signs that markets aren’t distorted and in a bubble favoring just a few stocks at the top, I’m not sure what would – Apple just added a Ford. Stock is up $48 billion in a single day – https://www.cnbc.com/2017/08/02/apple-just-added-a-ford-stock-up-48-billion-in-a-single-day.html
- The math behind estimating future 10 year market returns with a high degree of accuracy using the Hussman formula – https://realinvestmentadvice.com/is-another-lost-decade-ahead/
Macro
- How the weak economy is keeping interest rates low – Fed’s Fischer: Weak economy is keeping interest rates low – https://www.cnbc.com/2017/07/31/feds-fischer-weak-economy-is-keeping-interest-rates-low.html
- The fact that Greenspan is offering a warning is surprising especially since he’s been at the root of central bank buffoonery back in the day. The answer Greenspan had for everything regardless of circumstances has generally been lower interest rates and feed the bubbles. Greenspan is the Maestro at creating bubbles –https://www.cnbc.com/2017/08/04/ex-fed-chief-greenspans-new-bond-bubble-warning-feels-like-irrational-exuberance-deja-vu.html
Health
- What you need to know about cholesterol and LDL particle number size – https://chriskresser.com/the-diet-heart-myth-why-everyone-should-know-their-ldl-particle-number/
- As if you weren’t already aware that our healthcare system is screwed up, here are some additional insights that put it in monetary terms –https://www.bloomberg.com/graphics/2017-health-care-spending/
Other Interesting Tidbits
- When entrepreneurs have super brains and a well-grounded life, good things can happen like this – https://www.bloomberg.com/news/features/2017-08-01/how-two-brothers-turned-seven-lines-of-code-into-a-9-2-billion-startup
- Warren Buffett sidekick always has some pearls to share with those willing to listen – https://www.cnbc.com/2017/08/04/charlie-munger-the-power-of-not-making-stupid-decisions.html