For as much as we talk about diversification with your investments here at Mullooly Asset Management, when it comes to fantasy sports – I should have diversified more. This week all 3 of my survivor picks were ousted in the first week of the season. Using the Colts on 2 of the 3 picks was apparently not a smart move! Had I diversified with another team, I could still be alive in the pool.
Here’s what I’ve been reading this morning:
- In Ep. 324 of the Mullooly Asset Podcast, I spoke with Brendan about how the past few weeks has been a nice reminder that stocks move in more than one direction. Given the start to 2020, it’s amazing that investors can so quickly forget about volatility.
- History can be a useful tool to try and anticipate what might come in the market, but using the old playbook for future problems can leave you at a disadvantage. Ben writes about the benefit of open-mindedness and the ever-changing financial markets.
- For years there has been a debate about whether a “hot hand” really exists. Drew takes a look at a few different arguments on both sides to see if the fallacy is a fallacy, or if something like that actually does exist.
- Things get more expensive as time goes on. That’s a basic economic concept. But what makes certain things go up in price, and by how much? Michael takes a look at what drives inflation in different areas.