Weekend Review September 13, 2020

Tweets of The Week

We usually think of experiences as positive or negative. However, they are neutral and simply reinforce the meaning we give them.

If we see an experience as a learning opportunity, that’s what it becomes. If we see it as terrible, that’s what it becomes.

— Shane Parrish (@ShaneAParrish) September 12, 2020

In 1968 Pan Am was the largest and most profitable airline in the world, had the country’s largest commercial office building, and was the second most recognized brand in the world behind Coke.

That’s why you diversify.

— Daniel Crosby (@danielcrosby) September 8, 2020

If it costs you peace of mind it might be too expensive

— Dasarte Yarnway (@DasarteYarnway) September 4, 2020

Favorite Articles

• Morgan Housel: Book: The Psychology of Money– “There are people with no financial training or background who do well with money. There are also partners at Goldman Sachs with PhDs in economics who go bankrupt. That kind of gap between knowledge and results does not exist in any other field. And the mere fact that it’s possible in finance shows that doing well with money isn’t necessarily about what you know. It’s about how you behave.“

• Teresa Ghilarducci: A Pandemic Is a Terrible Time to Buy Real Estate– “Because homeownership has always been messaged as a mandatory part of the American Dream and subsidized by the federal government, homeownership is always a bit overrated. Owning a home might be beneficial over the long run … if the house price appreciates more than a diversified financial portfolio, or if people don’t have to move for their jobs or family, or if marriages last, or if neighborhoods and financial situations don’t change much. In some areas, rental stock can be lower quality for the same carrying costs as homes. And some people list home repair as a hobby.“

RLS Weekend Review

Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial plan. Here is his last weeks weekend review.

Workout of the Week

Exercise	Reps
Superset -Incline Cable Chest Press & -Incline Push-ups & -Incline Cable Flies	3 x 15 each
Superset -Leg Press & -Goblet Squats & -Leg Extensions	3 x 15 each
Superset -Shoulder Press with EZ Bar & -Cable Straight Bar Front Raises & -Shoulder Bombs	3 x 15
Superset -Dumbbell Ab Crunches & -Oblique Raises & -Hanging Leg Raises	3 x 15