Happy New Year! I hope everyone had a great holiday break.I stumbled across a video of Charlie Munge
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January 8 · Issue #3 · View online
Investors Therapy is a newsletter, from the Silicon Valley Investors Club (svinvestorsclub.com), that helps investors understand their psychology so they can make smarter investment decisions. If you're ready to take the next step in your investment journey, subscribe!
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Happy New Year! I hope everyone had a great holiday break.
I stumbled across a video of Charlie Munger talking about pshychological traps we all fall into and how they play into our investment decisions. Make sure to check it out.
Lastly, this newsletter will be a crypto free publication until the mania subsides. You get enough of it everywhere else, and at this point crypto is more of a gamble than an investment.
Cheers, Jordan
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The Fallacy of Instant Success - Intelligent Fanatics
It feels as though every day we read a headline of some money losing technology business that just eclipsed a $1 billion valuation in a short period of time. Constantly reading such things distorts reality and exacerbates a disjointed view of the effort and timeframe needed to create an exceptional business.
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10 Things Investors Can Expect in 2018
I have no idea what’s going to happen — in world events, politics, or the market — in 2018 (and neither does anyone else). This baked in uncertainty is what makes the financial markets equal parts maddening and fun to prepare for.
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Farewell From a Hedge Fund Manager - The New York Times
I’m going back in the archives for this one, but I remember reading this 9 years ago and it made an impact on me.
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Stock-market investors should ‘brace for a possible near-term melt-up’: Jeremy Grantham - MarketWatch
Value investor Jeremy Grantham warns that the stock market might be headed for a “near-term melt-up” within the next two years that would likely set the stage for a “bubble break or meltdown.”
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44% of U.S. E-Commerce Sales in 2017 Went to Amazon -- The Motley Fool
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
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The $100 Billion Venture Capital Bomb | Institutional Investor
“…Other backers include Apple, Qualcomm, and Sharp, convinced by Son’s reputation as a resolute deal maker and by SoftBank’s returns. Son must deploy $20 billion, or a fifth of the fund, every year for the next five years to meet investors’ terms and their expectations in a market that many already consider overvalued. The Vision Fund’s early investments — cash injections of more than $100 million into a seemingly random range of companies, from co-working-cum-real-estate-company WeWork to Internet satellite company OneWEB to sports retailer Fanatics — have made some wonder if it’s dumb money. Son has already been branded “a one-man bubble maker.”
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Fed's Williams supports price-level target to create more policy room - Business Insider
BI PRIME: Williams is worried the Fed has a “credibility problem” because it has fallen short of its 2% inflation target for much of the economic recovery.
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Pimco, Citigroup Sound Complacency Alarm for Global Economy - Bloomberg
Two of the biggest hitters in financial markets are sounding warnings against complacency in the global economic outlook.
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It's Beginning To Look A Lot Like 1937 - SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha
No, not like 1929, 1987, 2001 or 2007. I’ve seen many analyses comparing this economic cycle with those that have ended in tears. Well, I’m no different. The ma
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Fed’s Monetary Policy Cornerstone Attacked at Economists’ Gathering - Bloomberg
Milton Friedman put a nail in the coffin of the original version of the Phillips Curve 50 years ago when he correctly foresaw that the U.S. could simultaneously suffer from high unemployment and lofty inflation. A growing number of economists are now trying to lay to rest Phillips Curve 2.0, still in use at the Federal Reserve and other central banks to guide monetary policy.
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Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That? - Zillow Research
It’s more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China.
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The Surprising States People Are Moving to and From | realtor.com®
The state gaining new residents at the fastest rate isn’t known for movie stars or tech titans, a new report finds. It’s actually famous for its potatoes.
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Tiny homes for San Jose's homeless wins approval after heated debate
SAN JOSE — A plan to build “tiny homes” for San Jose’s homeless residents passed its first major test Tuesday, and now the city must answer the most difficult question — where to put these micro sleeping cabins.
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Here's a map of where the Sears' and Macy's stores are going dark
Sears Holdings and Macy’s are closing more than 100 stores. Here’s a map of where they are.
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Real Estate: Slow but Steady Climb Continues
Morningstar’s real estate coverage is trading at a 4% premium to our fair value estimates.
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How rent control can exacerbate inequality - MarketWatch
A new report adds to the growing literature concerning the effects of rent control.
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Legislative Update 2018 - Kimball Tirey & St. John LLP
The legislative session for 2017 has come to a close, and many new laws were passed which will directly impact California landlords. Below are the new laws for 2018 along with other significant trends which will affect California landlords.
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Why Your Chance to Land a Big Multifamily Deal Might Be Just Around the Corner
Thought you missed the boat on multifamily investing? You actually may not have missed anything at all because your chance to jump in may be coming soon.
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3 "Show Stoppers" That Keep Me From Going Through With Rental Purchases
My “show stoppers” all have to do with things I can’t change. I can remove a bad tenant, I can repair issues. But there are other factors I can’t change.
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The Psychology of Human Misjudgement - Charlie Munger Full Speech - YouTube
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If you like what you read and you want it delivered to your inbox subscribe to my newsletter or share it with your friends. This newsletter is one of the two newsletters I write reach month. If you’re interested in a newsletter on career advice, society, and free chapters from great books, click here to read my second newsletter. If you have any articles I should check out, please email me at jt@growwithjordan.com
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