Cartoon

VII) You will spend too much time worrying about low probability outcomes.

Cartoon

Every year we have a recession in the first quarter and every year people get hysterical. And every year the economy rebounds into summer and the hysterics roll back their estimate cuts and their calls for economic demise. Putting aside why economy-watchers are so easily fooled or confused after so many episodes of the same…

the S&P 500 has just broken a record high thanks to a median trailing PE ratio of over 18

 . . . on that day all the fountains of the great deep were broken up, and the windows of heaven were opened. And the rain was on the earth forty days and forty nights… All flesh that moved on the earth perished, birds and cattle and beasts and every swarming thing that swarms upon…

Infographic

My kids don’t have phones yet. I almost want to buy them today so I can begin torturing them. I’m so inspired now.