Sam Bohmiller - The Bulfinch Group
11/16/2020
There is a financial lesson or two in here somewhere...
- Consistently making good plays over and over and over will yield a more powerful and predictable result than making one or two great plays that can't be repeated
- "Focus on what you want to do" / control what you can control vs. spectating and emulating others
- Bryson can be +10 or -10 in any given round. While it's worked for him on the golf course, we're not wired to accept such a wide range of potential outcomes with our finances. People want certainty, stability, predictability. The same characteristics Langer had on display this weekend.
Yes, 63-year-old Bernhard Langer outplayed Bryson DeChambeau at the Masters on Sunday golfweek.usatoday.com
10/19/2020
About 25% of employers, including some big-name companies, have considered suspending or reducing their retirement savings match.
With open enrollment right around the corner, it wouldn't be a surprise to see cuts in other areas as well - insurances, fringe benefits, discounts, etc.
Benefits packages can be worth tens of thousands of dollars. Don't just "check the box" before consulting with your team of advisors to make sure your elections are properly coordinated with the rest of your planning.
"Good investing isn't necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can't be repeated.
It's about earning pretty good returns that you can stick with and which can be repeated for the longest period of time."
- Morgan Housel, The Psychology of Money
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