Words of Candor

Hurricane season is upon us! Actually, it’s been here for a while. Officially, it runs from June 1st to Nov 30th.  But the hot season is fast approaching and it is always worth talking about hurricane preparedness items and, no, we don't mean the usual items - batteries, water, supplies. Yes of course, all of those are important, but we want to focus on protecting your assets: Like your home, for example!
In November of 2019, I had the opportunity to visit the JPMorgan Headquarters in New York for a conference and attend an economic update by one of my favorite economists, Dr. David Kelly. His presentation was being prepped to begin and was titled something like “2020 Vision: Insights for Next Year”.
"Somebody's sitting in the shade today because someone planted a tree a long time ago." - Warren Buffett A book that I recently have been enjoying is called "Simple Wealth, Inevitable Wealth" and throughout this book the author quotes Warren Buffett. In particular, this quote stands out to me. Think about planting a tree in earth. It will inevitably take root and grow over time.
I once read from Nick Murray that scratch golfers don't necessarily hit the largest number of great shots, but that they actually just hit the fewest number of terrible shots.
This term, behavior gap, was originally coined by Carl Richards, and it refers to this idea that there is a difference between a wise financial decision versus what we may ultimately do based on our emotional decision making.