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Wealthtrack - Weekly Investment Show - with Consuelo Mack
I watched the Jason Zweig video. My takeaways include these slogans (?) memes(?) Don’t make buys based on someone on the internet and expect them to also tell you when to sell. Your results depend less on how the markets behave and more on how you behave. Speculating and gambling are not investing. Information isn’t knowledge and knowledge isn’t wisdom. Segregate yourself from hot trends.
Starting at about 19:00 I thought he went a little deeper into the wisdom well. He discussed what Ben Graham defined as an Enterprising Investor - someone who digs through Corp reports, examines products, finds value and invests in those companies. If that’s not you, or if that’s you but it turns out you don’t do it successfully **stop. Pick some simple funds and relieve yourself of the decision process.
His closing advice is to focus on your goals not on speculation and the one investment we should all hold is cash. (He then said he knew FD would take issue with that recommendation /snark!)
Consuelo closed with - know your limits - or as TS Eliot and I say - only those that go too far know how far one can go.
Also - I saw this summary on the Wealthtrack website: “ For financial historians and serious market observers, the current era has all the signs of a developing market bubble.
Money is abundant, a wide range of financial assets have risen to record or near-record levels, and enormous amounts of money are flowing into stocks. Private equity funds are flourishing and bonds continue to attract huge sums.
Demand for residential real estate is soaring as are home prices. And despite recent dramatic declines, innovative products such as digital currencies have appreciated at breathtaking speed.
Speculative trading by individual investors has also increased as a new growing community of online traders has emerged as a potent market-moving force.
The combination of all of these forces caused me to reach out to this week’s WEALTHTRACK guest.
We’ll be joined by Jason Zweig, a leading financial journalist who since 2008 has written the widely read The Intelligent Investor column for The Wall Street Journal. Zweig will share his analysis of the current market climate and advice for investors”
Originally known as “open finance”, the advent of DeFi represents yet another innovation on the rapidly evolving world of cryptoassets and blockchain technology. As with most new innovations, there is the growing litany of new announcements, innovative solutions and industry mania as these offerings progress throughout the landscape. For many, it seems a chance for new business models and rapid wealth creation. For the more sober minded, it is yet another step in the swift transformation happening across financial markets, and indeed across all industries in the global economy. As always, change and disruption require us to revert back to first principles. And these first principles demand that we ask the question: why? Why decentralized finance? What problems does it solve? And what, in truth, do we actually mean by “decentralized finance”? These inquiries bring us to the motivation for this publication. It is our hope that this primer can offer a proposed definition for DeFi, in all of its forms, as well as share with the reader current and future DeFi use cases. It also touches on the challenges of DeFi, not least of these being the uncertain and evolving regulatory and legislative challenges coming to the fore. As a product of the WSBA Accounting Working Group, this work also delves into the very complex accounting considerations that DeFi poses, both now and in the future. Finally, we conclude with some thoughts on what the future holds and offer some resources to keep pace with this future. It is our goal that this be the first in a series of thought leadership publications that continue to aid the advancement of the cryptoassets and blockchain ecosystems, the accounting profession and global markets around the world. We welcome your thoughts and feedback and hope that you find this document informative as well as useful.
Comments
Don’t make buys based on someone on the internet and expect them to also tell you when to sell.
Your results depend less on how the markets behave and more on how you behave.
Speculating and gambling are not investing.
Information isn’t knowledge and knowledge isn’t wisdom.
Segregate yourself from hot trends.
Starting at about 19:00 I thought he went a little deeper into the wisdom well. He discussed what Ben Graham defined as an Enterprising Investor - someone who digs through Corp reports, examines products, finds value and invests in those companies. If that’s not you, or if that’s you but it turns out you don’t do it successfully **stop. Pick some simple funds and relieve yourself of the decision process.
His closing advice is to focus on your goals not on speculation and the one investment we should all hold is cash. (He then said he knew FD would take issue with that recommendation /snark!)
Consuelo closed with - know your limits - or as TS Eliot and I say - only those that go too far know how far one can go.
Also - I saw this summary on the Wealthtrack website:
“ For financial historians and serious market observers, the current era has all the signs of a developing market bubble.
Money is abundant, a wide range of financial assets have risen to record or near-record levels, and enormous amounts of money are flowing into stocks. Private equity funds are flourishing and bonds continue to attract huge sums.
Demand for residential real estate is soaring as are home prices. And despite recent dramatic declines, innovative products such as digital currencies have appreciated at breathtaking speed.
Speculative trading by individual investors has also increased as a new growing community of online traders has emerged as a potent market-moving force.
The combination of all of these forces caused me to reach out to this week’s WEALTHTRACK guest.
We’ll be joined by Jason Zweig, a leading financial journalist who since 2008 has written the widely read The Intelligent Investor column for The Wall Street Journal. Zweig will share his analysis of the current market climate and advice for investors”
July 16, 2021
Decentralized Finance: A Primer
whitepapers/WSBA-Accounting-DeFi-Primer-May-2021.pdf