Weekend Reading – Money and More – March 6 2021


The thing that moves markets – the thing that will make your investment decisions work out successfully for you – is what everybody believes that everybody believes.

“So now we have retirees with far too much in stocks, junk bonds, or other risk-heavy assets. And not just individuals; the same is true for large pension funds. Their trustees are truly trapped: contractually obligated to pay certain benefits and unable to do so without robbing future beneficiaries.”

And More

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