Greatest Hits: Volume 38

Greatest Hits

Good morning all – and happy Saturday!

When the S&P 500 closed April off at 4,131, everyone felt downright depressed.

High inflation, rising interest rates, war, consumer sentiment – the list of reasons to be concerned about the economy and the market just went on and on.

And yet, when the S&P 500 closed July off at 4,130 yesterday, everyone felt positively giddy.

Nothing changed.   And yet, the CNBC anchor, my Twittersphere, and everyone else seems incredibly optimistic about the economy and the market.

Same number, same environment.  Two drastically different reactions.

How come?  Well, the simple answer is that narrative matters.

The narrative back in April was one of uncertainty and decline.  The narrative today is one of growth and recovery.

The narrative matters when it comes to investing – but it matters even more when it comes to life.

As they say, the most important conversation is the one you have with yourself.

Focus on the negatives, and you’ll feel depressed and deflated.  Zero in on the positive, and you’ll feel energized and excited.

The choice is yours.

Have a wonderful weekend everyone – and enjoy the top-notch personal finance reads below!

From Yours Truly

The Other Side of Investing

What Is Your Money Superpower?

Building Wealth

What Recession – Young Money

Wealth vs Getting Wealthier – Morgan Housel

There Will Always Be Sorcerers – Dollars and Data

Selling and Surviving – Best Interest

Why The Financial Goalposts Are Always Moving – Ben Carlson

Finally, a really simple yet powerful concept I can’t preach enough:

If You Are Not Focusing On The Basics, You Are Doing It Wrong – Accidental FIRE

Lifestyle Design

Dopamine, Motivation, And The Pursuit of More – The Escape Artist

What About All The FUN Debt Gave You? – Budgets Are Sexy

All Around

As someone who spent time around the hospitality industry and loves good food, I found the article below a fun read:

The Michelin Guide Business, Explained – Trung Phan

Have a fantastic start to the weekend everyone!

– Damian


About Banker On Fire

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Banker On FIRE is an M&A (mergers and acquisitions) investment banker. I am passionate about capital markets, behavioural economics, financial independence, and living the best life possible.

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