“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.” — Jimmy Dean.

In This Edition
The 10th Annual Retiremeet was a huge success
Truth-Teller Rob Berger knocks it out of the park
4 Lessons from Warren Buffett's Letter
Testimonial
Latest Podcast

The 10th Annual Retiremeet was a huge success. Tom Cock and Don McDonald (both Truth-Tellers on our site) had a full house with 300 guests and another 450 guests watched online.

In the coming weeks I will share some of the presentations I thought were special. I think you will especially appreciate the remarks of Weston Wellington from Dimensional Fund Advisors. Stay tuned.

Many of you watched “Tune Out the Noise,” a documentary about the history of the DFA family of funds and the academic research and researchers responsible for its success. The documentary was only available for a short period of time.

The good news is that Tom and Don have made arrangements to make it available for several more months. If you would like to view the documentary at no cost go to film.dimensional.com and use access code MARKETSWORK.

After watching the movie I hope you will watch the interview with Errol Morris, the Academy Award Winner director. The interview is with Truth-Teller, Ben Felix and his partner Cameron Passmore.

Truth-Teller Rob Berger knocks it out of the park

There are many big questions that a do it yourself investor must face in their lifetime. One of those is “In What Order Should You Spend Down Your Retirement Accounts?”, the topic of a terrific presentation by Rob Berger.

4 Lessons from Warren Buffett's Letter

Berkshire Hathaway Annual Letter to Shareholders

Within capitalism, some businesses will flourish for a very long time while others will prove to be sinkholes. It’s harder than you would think to predict which will be the winners and losers. And those who tell you they know the answer are usually either self-delusional or snake-oil salesmen.

In 1863, Hugh McCulloch, the first Comptroller of the United States, sent a letter to all national banks. His instructions included this warning: “Never deal with a rascal under the expectation that you can prevent him from cheating you.” Many bankers who thought they could “manage” the rascal problem have learned the wisdom of Mr. McCulloch’s advice – and I have as well. People are not that easy to read. Sincerity and empathy can easily be faked. That is as true now as it was in 1863.

One fact of financial life should never be forgotten. Wall Street – to use the term in its figurative sense – would like its customers to make money, but what truly causes its denizens’ juices to flow is feverish activity. At such times, whatever foolishness can be marketed will be vigorously marketed – not by everyone but always by someone.

One investment rule at Berkshire has not and will not change: Never risk permanent loss of capital. Thanks to the American tailwind and the power of compound interest, the arena in which we operate has been – and will be – rewarding if you make a couple of good decisions during a lifetime and avoid serious mistakes.

Our #1 goal is to help you make the handful of good decisions and make sure you avoid the serious mistakes.

Testimonial

Retiremeet was great! I attended virtually and it was worth WAY more than $5!

I think the two funds for life approach is the best fit for almost any new investor. With rare exceptions, the idea of being 65 when you're in your 20s feels so distant and non-urgent that spending a few minutes to open a retirement account and put it on autopilot is about all the time and attention most want to give....if only I had done that...

Anyway, thanks again to you, Chris and Darryl. You're changing lives.

Latest Podcast- The Ultimate Buy and Hold Portfolio 2024 Update

Paul recommends new listeners listen to the previous podcast on ⁠⁠Equities vs. Bonds⁠⁠ prior to this podcast.

The purpose of this annual update is to remind investors of the power of equity asset class diversification. Paul makes the case for the 10 equity asset class portfolio that he introduced over 25 years ago. During the presentation he uses Tables A1a and A2a. A1a shows the series of portfolios, starting with the S&P 500 on its own, and then the results of adding 9 other asset classes one at a time.

In A2a Paul reviews the Ultimate Buy and Hold results to 7 other portfolios that investors may select for better returns with fewer funds and similar volatility.

In both cases he shows the results with both annual and monthly rebalancing.

On the next podcast Paul will dig into the important differences of the risk and return for all 9 portfolios, including the S&P 500 as the single holding.

The truth about investing: ‘Common sense’ can be the worst advice

The Ultimate Buy and Hold Portfolio 2024 Update

Chris Pedersen answers your questions: Best in Class, 2 Funds for Life and more!

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In This EditionThe 10th Annual Retiremeet was a huge successTruth-Teller Rob Berger knocks it out of the park4 Lessons from Warren Buffett's LetterTestimonialLatest Podcast

In This Edition
The 10th Annual Retiremeet was a huge success
Truth-Teller Rob Berger knocks it out of the park
4 Lessons from Warren Buffett's Letter
Testimonial
Latest Podcast

Retiremeet Was a Great Success!