Notes From The Field By Simon Black
June 18, 2018 Santiago, Chile
One Investment Strategy That Still Works With Rising Interest Rates
Last week, the Federal Reserve raised interest rates by 25 basis points.
The market anticipated the move. But the Fed also signaled future rate increases because they’re concerned about inflation and an overheating economy.
And there are plenty of signs today to show the Fed’s worries are legitimate.
Unemployment is at the lowest point in decades.
Do You Have A Money Mind?
By THE INVESTOR
During this year’s Berkshire Hathaway annual meeting, Warren Buffett discussed the importance of his eventual successor as CEO having ‘a money mind’:
“People have to have a money mind. They can be very smart but make very unintelligent money decisions; their wiring works that way…
A money mind will know what needs to be done.”
Though I was in attendance, the importance of this commentary didn’t register right away. The more I thought about it, however, the more I realised it’s a great mental model for evaluating your financial skill set, as well as those of others such as fund managers and financial advisors.
For reasons stated earlier, I wish to respond to your question to the family from the previous thread, "From 1 to 10...What would you rate your next Monday CC at?" Allow me to quantify your question with just a few of many reasons based on our studies.
Samir Nusairi stated, "We have to develop the stability of the exchange rate, stop using the auctions, stop using the MCP's, return to real banking. Iraqi banks reached out to the international banks. We want to implement this immediately."
WS, "Respect the first quarter, because you will see the banks work.
WS, "They are no longer doing the steps, they are implementing it. It's a synchronization of many things occurring right now before your very eyes."
Ws, "They were Article VIII compliant in the first quarter."