Every year it seems like economists predict the next recession is right around the corner. Being a contrarian or a pessimist can certainly be more interesting, and headline friendly, but taking these economists at their word could spell trouble for individuals.
It’s easy to be in the predicting business, but it’s almost impossible to be consistently GOOD in the predicting business.
Here’s what I’ve been reading this morning:
‘A Letter to My Friends’ – Douglas A. Boneparth – Bone Fide Wealth
- A touchy topic for almost all advisors: working with friends. Douglas outlines in a thoughtful letter, a message to his friends – past and present – about his feelings when it comes to working together professionally.
‘We’re All Addicted To Something’ – Ramp Capital LLC
- We all know Ramp Capital from his hilarious Twitter account, but Ramp opens up about a much more serious topic: addiction. Whether it’s alcohol, drugs, gambling, or even an internet addiction, we all have our vices. Ramp tells a personal story that everyone should hear.
‘These Don’t Mean Anything’ – Stephen Nelson – The Athlete Investor
- Most post-game interviews with athletes get the usual meaningless platitude answers “we’re taking it one game at a time”, etc. The same goes for investing, and finance, and Stephen de-codes these cliches in his latest post.
‘How To Survive a Financial Crisis’ – Jill Cornfield – CNBC
- Finance is hard enough for some folks, but going through a financial crisis is even tougher. This article outlines a handful of simple ways to manage your way through a financial crisis.