🧠 The Best Investment Right Now

Friends,

Over the past two weeks, we’ve seen Silvergate Bank, Silicon Valley Bank, Signature Bank, and Credit Suisse all collapse.

Times like this make us crave safety, protection, and certainty. We start wondering: should I leave my money in the bank? Put it into gold? Bury it in the backyard?

Before making any rash decisions, we think it helps to rewind the clock.

In the 1930s, when a farmer went bankrupt, the family’s home, land, and tools went up for sale. Banks expected to make fortune auctioning it off.

That’s when “Penny Auctions” arose. A farmer’s family, friends, and neighbors showed up at the auctions. If anyone bid more than a few pennies for items, they were intimidated into leaving. At the end of the day, everything was auctioned for dirt cheap and returned to the family.

Widen your lens and this behavior makes perfect sense. We’ve lived 99% of our existence as hunter-gatherers. What do hunter-gatherers do if they have extra resources?

They invest them back in their tribe. The extra food isn’t wasted — it’s shared. It might seem like altruism, but it’s also an incredibly effective insurance policy.

The best investments have always been in our relationships. That was true 1,000 years ago, 100 years ago, and today.

If the headlines have you losing sleep, remind yourself of this: when people come together, our ability to adapt to meet any situation can be astounding.

Wishing you investing success,

– Brian Feroldi, Brian Stoffel, & Brian Withers

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One Piece of Timeless Content:

Investments books often prescribe approaches that don’t align with our own investing styles. The Aspirational Investor: Taming the Markets to Achieve Your Life’s Goals takes a different approach– it presents a framework that puts the individual and their objectives at the center of the strategy. Check out this great extended book summary.

One Twitter Thread:

Author of Atomic Habits, James Clear, shares key lessons from the book in an insightful thread you’ll want to bookmark to revisit periodically.

James Clear

@JamesClear

(Thread)

I spent the last 6 years researching, writing, and thinking about habits. The culmination of this work was my recent book, Atomic Habits. (Now a NY Times best seller!)

In this thread, I’ll share tweets from myself and others that illustrate some key lessons I learned.

November 5th 2018

594

Retweets

2,085

Likes

One Resource:

Graham Stephan is a prolific creator in the personal finance space. He recently launched a newsletter that breaks down complex financial topics into simple-to-understand language. It’s for anyone interested in what’s going on in the world of money and investing.

One Quote:

More From Us:

👨‍🎓 The next cohort of Financial Statements Explained Simply launches in May. Click here to join the waitlist and be notified when enrollment is open.

📗 Brian Feroldi’s book is on sale.