It’s 2019, and technology is EVERYWHERE. For the latest proof of that, just watch what happened in the Kentucky Derby this past Saturday. After a lengthy replay review, the original winner was disqualified and a new champion was crowned!
Even horse-racing isn’t immune to the repercussions of technology.
Here’s what I’ve been reading this morning:
‘How the NJ Pension System Provides a Financial Planning Lesson’ – Tom Mullooly – The Human Advisor
- Kicking the can down the road is not a prudent financial planning tactic. The NJ pension system has demonstrated that for us perfectly.
‘How Compounding Works in the Stock Market’ – Ben Carlson – A Wealth of Common Sense
- Small gains over time add up. Ben outlines how dividends from a fund like SPY have compounded since the early 1990’s.
‘3 Conclusions from the 2019 Berkshire Shareholders’ Meeting’ – Forbes
- Thousands of people gathered to listen to Warren Buffett and Charlie Munger speak over the weekend. Here’s a few takeaways from the event.
‘Want a Good Lesson in Financial Planning? Study How Well Your Parents Did or Didn’t Do’ – Pete the Planner
- We all have a front row seat to see financial success, or defeat, by looking at our parents. Pete outlines a scenario that speaks to the power of realizing how your parents managed money.