Stuff worth sharing from the past week
ICYMI: This Market is NOT Crazy – The stock market’s rapid movements and volatility during this COVID-19 recession have investors questioning the sanity of investing in stocks.
Gold as an investment is a polarizing topic. This piece does a great job addressing if and when it belongs in a portfolio. I personally would pass based on the arguments against, but understanding both sides helps.
Why is Gold Valuable by Nick Maggiulli
“The coronavirus pandemic has accelerated a yearslong shift in bargaining power away from colleges and toward families, which are quite prepared to treat tuition as they would a car’s price: something to haggle over.”
How to Get a Big Break on the Cost of College: Just Ask by Josh Mitchell
Here’s a piece arguing that new forms of stimulus and recession fighting tools are here to stay. Now that the public knows they exist and work, politicians will never say no.
Never The Same by Morgan Housel
More than 10 yrs until you need to access your investments? Look at your cash and reduce it as close to zero as possible. Then look at your bond allocation and consider reducing it. Stocks are unpredictable over the short run, but are the best major asset class for the long run.
— Peter Mallouk (@PeterMallouk) January 25, 2020
Play by play of the historic day in the Mississippi legislature.
Changing the state flag: How Mississippi legislators made history in 4 hours on a rare Sunday session by Giacomo Bologna and Luke Ramseth
What Coach K said.
“In a compelling, story-driven narrative, the Heaths bring together decades of counterintuitive research in psychology, sociology, and other fields to shed new light on how we can effect transformative change.”
Switch: How to Change Things When Change Is Hard by Chip Heath and Dan Heath