Forward View
Notes to My Younger Self
Many of our friends are getting ready for kids to enter their first year at college. This is a HUGE rite of passage. The classes that I took at the William & Mary were quite relevant to the work that I do today - economics, finance, accounting, and statistics.

Surprisingly, I enjoyed my lectures in art history the most!

I found out much later that there is a significant gap between financial theory and what actually works.

Here is what I've learned...

  • “Opportunities of a lifetime” usually happen once every few weeks.   There will be more. Find out what excites people. Sometimes you’ll find ideas in unexpected places.

  • You won’t agree with everyone. For every buyer there is a seller. People usually have different motivations and time frames. Don’t try to figure out the consensus. Reach your own conclusions, instead. In those rare moments when everyone holds similar opinions, it is time to run in the opposite direction.

  • The view is better from the edge. If you do what everyone else is doing, you will likely get similar results. Do something different. 

  • The best speculations are often made before they appear completely reasonable.  In order to be “in the right place at the right time” it is usually helpful to show up a few minutes early. This can be confused for being lucky. If you show up too far ahead of time, you might find yourself to be the only person in the room. There is no fun in that.

  • Investing rules are sometimes made to be broken, but learn the rules first. Most financial types enjoy connecting the dots. I prefer to paint my own dots, draw random doodles around them, and then color outside the lines. 
  • There is always someone richer, smarter, and better-looking.  Stop making comparisons to others. Simply work towards becoming an improved version of yourself. 

  • Don’t be afraid of making a few mistakes. Keep them small and survivable, if possible.

  • Be curious. Read constantly. Seek out opinions differing from your own. Map out concepts and ideas in a notebook. Nothing beats a well-informed intuition.

  • Wealth is the result of good habits over time.  Start building your assets early in life by saving systematically. Keep records. Reflect on what works and what doesn’t. Make adjustments as needed.

Jim Lee, CFA, CMT, CFP®
The Future of Financial Services, Banking, and Insurance
Rohit Talwar, CEO of Fast Future, recently hosted a panel of six international experts to discuss the future of finance.

Starting at the 1 hr., 42 min. mark, I share some some thoughts about trends in asset management, robo-advisors, and cryptocurrency. Link to video below... fun stuff!
Disclosure: Information contained herein is for educational purposes only and is not to be considered a recommendation to buy or sell any security or investment advice. Securities listed herein are for illustrative purposes only and are not to be considered a recommendation. The author may personally hold positions in securities mentioned.

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