Another great issue...just added the annual subscription. While there's always some good stuff in every update, the segment before subscription pitch is the heart of your Substack and where I get the most value. Really enjoyed both the photos comment and the gaming insights. Thanks for sharing!
Thank you so much, Kevin, I really appreciate it! 💚 🥃
The top section -- if you go back to the very early editions -- was supposed to be just a kind of housekeeping intro, but over time it has grown into quite the grab bag of thoughts. I enjoy writing it, it has a different feel than the other sections somehow ¯\_(ツ)_/¯
Yeah, the "what if you missed the 10 best days" thing always bothered me. Take the converse and "what if you missed the 10 worst days"... The conclusion of harnessing the power of compounding by staying invested is a good one, but the "10 best/worst" days is a red herring.
Yeah, that's why I wrote both "10 best" and "10 worst" in the paragraph above that chart..
But as I was thinking more about it during a email discussion with a reader, I thought of this:
"The problem is, human psychology probably means that the average investor is more likely to miss the best and be there for the worst, though, so it’s not entirely symmetrical."
Another great issue...just added the annual subscription. While there's always some good stuff in every update, the segment before subscription pitch is the heart of your Substack and where I get the most value. Really enjoyed both the photos comment and the gaming insights. Thanks for sharing!
Thank you so much, Kevin, I really appreciate it! 💚 🥃
The top section -- if you go back to the very early editions -- was supposed to be just a kind of housekeeping intro, but over time it has grown into quite the grab bag of thoughts. I enjoy writing it, it has a different feel than the other sections somehow ¯\_(ツ)_/¯
Yeah, the "what if you missed the 10 best days" thing always bothered me. Take the converse and "what if you missed the 10 worst days"... The conclusion of harnessing the power of compounding by staying invested is a good one, but the "10 best/worst" days is a red herring.
Yeah, that's why I wrote both "10 best" and "10 worst" in the paragraph above that chart..
But as I was thinking more about it during a email discussion with a reader, I thought of this:
"The problem is, human psychology probably means that the average investor is more likely to miss the best and be there for the worst, though, so it’s not entirely symmetrical."