We cover a lot of ground every week on the Mullooly Asset Podcast. Before this week’s episode comes out later this afternoon, you can catch up on last week’s by clicking on this link!
Here’s what I’ve been reading this morning:
‘Markets are Bigger Than Politics’ – Barry Ritholtz – The Big Picture
- It’s easy to get caught up in the political fight going on right now with the election, but Barry offers a good reminder. The US economy is MASSIVE. The economy, and markets alike, are much bigger than politics.
‘How Stock Markets are Like Babies’ – Dan Primack – Axios
- The stock market tends to be a little gullible. Every time there are hopes of stimulus, or election results, it’s quick to price that in even if it doesn’t end up happening. It’s important to remember the market is usually backwards looking.
‘Can Warren Buffett Forecast the Stock Market?’ – John Rekenthaler – Morningstar
- Forecasting is a tough game to play. This article looks at how Warren Buffett approaches forecasting with a different mindset than most. It’s more about setting the right expectations than outlining what trades to make.
‘Dear Future Me’ – Bob Seawright – The Better Letter
- Instead of writing about the election like most others this week, Bob took a minute to share his thoughts on aging and trying to avoid decline. It’s an important reminder to give your own future some serious thought before it actually happens.