10 Comments

Yes, that's what I thought. Thanks so much. Appreciate good thoughts and direction.

:) Best wishes

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Jun 17, 2022Liked by The Rational Walk

1. " It is always a mistake to need markets to perform in a certain way in the short-run."

+1. Anyone in that position has made a strategic (or tactical) mistake.

2. I've noticed lots of TV ads for new brokerage interfaces -- for "beginning investors" -- that emphasize "easy to use" as a feature. You've reinforced my half-formed thought:

. . . "Easy to use" isn't a feature -- it's a bug!

. charles

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Jun 17, 2022Liked by The Rational Walk

Thanks for this. I recently installed Schwab's StreetSmart Edge. I then felt like i was in Vegas, with the security prices flashing changes up and down. I thought, this is not good. It's too enticing, so I went back to making buys and sells on the regular website. Nice to have good behavior and discipline reinforced. Thanks, again.

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After reading Ur note, I gave the following a thought.

I’ve been at this public/private investing since ‘87 &, have passed the baton over to my Son. Early on, I defined risk as “if you can’t sleep well” it was too much risk. The other component was whatever was committed to a private business opportunity or, public market investment “ could the family nonetheless survive at least another year if the transaction blew up into a complete loss.

So many books & intellectual mathematical models never came close to these two basic simple rules of investing & defining risk.

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Jun 17, 2022·edited Jun 17, 2022Liked by The Rational Walk

I used to deal with a fund which only accepted hard copies to deal with any cashing out, these funds ended up being some of the best performers and funds that I held the longest due to the extra effort I would have to go through to cashout.

Makes a lot of sense to run your investments as a business, something I should focus more on.

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Jun 17, 2022Liked by The Rational Walk

Interesting! I do the same regarding not having brokerage apps on my phone.

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