The Lowry Letter®

Week of 4/1/2024

For those of you who observe it, we hope you had a Happy Easter!

In sad news, Daniel Kahneman has passed away. He was a psychologist and Nobel Prize winner for economics and enormously influential in our field. This quote shows one of the problems that he often considered- our tendency to make conclusions based on our biases:

"As soon as you present a problem to me, I have some ready-made answer. Those ready-made answers get in the way of clear thinking, and we can’t help but have them."

Here is an obituary, as well as great interviews with Tyler Cowen and Annie Duke. His bestselling book, Thinking Fast and Slow, remains one of our favorites.

The collapse of Baltimore’s Key Bridge is a tragedy. This interview provides helpful perspective on the role of ship pilots and port navigation.

The Barkley Marathons is one of the most difficult ultramarathons in the world. It just saw its first female finisher.

We just learned that python farming is a viable source of food and other agricultural products. 82% of the carcass is useable!

On a similar note, the Netherlnds has one of the most resource-efficient agriculture industries in the world.

Americans will soon need visas to visit countries in the European Union. Plan ahead for those overseas trips!

Q: What’s the word on the housing market?

A:Recent measurements are better than expected, after a period of slower growth and fewer home sales. Homebuilder sentiment, new housing starts, and existing home sales were all up in February. There is no question that the market is softer, and inventory is building in some parts of the country. Some previously hot markets, like Austin, TX, have had price declines. Real estate is always location-dependent, and the trends in your area may not be present everywhere.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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