Wednesday Reading List

ICYMI: Prohibition Made Walgreens – Prohibition lasted thirteen years and led to the Federal income tax as we know it, the mob and the Klan, Walgreens and Nascar.

5 College Planning Mistakes to Avoid

It’s never too early (or too late) to start planning for higher education. Not sure where to start? In this week’s Heritage Financial blog post we’ve gathered some of the most common financial mistakes parents make when it comes to college planning.

When the Levee Breaks, Panic Is Not a Strategy

The latest market commentary from Liz Ann Sonders looks at the current market weakness, what’s causing it, and what investors should do about it.

For optimism on the markets from a market vet, check out Too Many Bears.

Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, market ‘mania’ at Berkshire meeting 

CNBC’s recap of last weekend’s Berkshire Hathaway annual meeting and the latest investing gems from Buffett and Munger.

103 Bits of Advice I Wish I Had Known

The co-founder of Wired turned 70 and shared this list.

A Stock is Not an Index

When the stock market tanks, you can have high confidence that it’ll recover. You can’t expect the same with an individual stock.

Were The Stimulus Checks A Mistake?

As U.S. prices continue to rise by rates not seen in decades, it’s become clear that the stimulus came at a significant, unintended cost: inflation.

See also Worrying About Inflation Today – With inflationary pressures mounting, should investors be worrying about inflation? Taking a look at both sides, sharing my two cents, and what steps to take if you are.

‘Top Gun: Maverick’ First Reactions: ‘Emotional’ Sequel Sends Critics to the Danger Zone

The sequel to the greatest movie of all-time (IMO) has critics raving.

Book Recommendation

Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe

One family is being blamed for the opioid epidemic. This amazing book takes a look. A grand, devastating portrait of three generations of the Sackler family, famed for their philanthropy, whose fortune was built by Valium and whose reputation was destroyed by OxyContin.