The Road Less Stupid

The Road Less Stupid

Smart people do dumb things. Here’s the proof: How much money would you have right now if I gave you the ability to unwind any three financial decisions you have ever made? Write that number down… seriously.
– Keith Cunningham, Author
The Road Less Stupid

Kudos to the author of The Road Less Stupid for the irreverent way that he launches chapter one. The title of the book will push some people away. After all, how many of us want to see our mistakes amplified in black and white?

Fortunately, the author takes an unorthodox path. Rather than saying “Hey dummy, look what you did”, he says “hey… we’re all dummies. Now here’s what we can do to become less dumb.”

The most effective advisors can admit their own flaws. Extra points for blending in a twist of humor.

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Risk vs Optimism

Markets can remain irrational longer than you can remain solvent.
~John Maynard Keynes

What is risk, and why is the evaluation of risk important when investing? What is optimism, and why is optimism deadly when we are investing?

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Major Milestone Achieved

Ray Hightower, Adrian Diaz, and Colby Fryar on a flight to tour properties.

Our team achieved a major milestone this week. Those in the know are aware that we can’t share details via social media, yet. But if you have an existing relationship with any member of our team, reach out and we’ll talk.

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What About Interest Rates?

It is very difficult to predict interest rates. I would argue that it is impossible to predict the future of interest rates. So what should investors do in the face of future uncertainty?

Here’s what to do. Don’t try to predict the future. PREPARE for the future instead.

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Extreme Ownership - Lead and Win

Extreme Ownership by Jocko Willink and Leif Babin

Extreme Ownership Defined

What is Extreme Ownership and why does it matter to a business leader?

Extreme Ownership is a mindset practiced by the authors of the book by that name. Jocko Willink and Leif Babin served our country as Navy SEALs, elite warriors of the United States Navy.

From the book’s introduction:

With Extreme Ownership, you must remove individual ego and personal agenda. It’s all about the mission. How can you best get your team to most effectively execute the plan in order to accomplish the mission? That is the question you have to ask yourself. That is what Extreme Ownership is all about.

This post offers a one-page discussion about the book.

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