Summer is almost gone. The markets have been a little bit crazy (as always with low volume). Short traders have tried to dump some stocks like Rural Funds in Australia or General Electric. It is logical, the less volume, the better for the short sellers.
On the other hand, our permanent portfolio has behaved amazingly well because of the rise in the price of gold. Gold is a great protection for stocks as it is shown in our book Against the Tide.
However, setting money aside, lately I’ve been thinking that the main purpose in life should be to achieve a reasonable level of happiness. It is not proportional to spend so much time improving our skills as money managers and not so much as happiness seekers. So, I’ve started from some interesting TED Talks about the link between happiness and strong relationships. Here you have a couple of talks:
On the other hand, our permanent portfolio has behaved amazingly well because of the rise in the price of gold. Gold is a great protection for stocks as it is shown in our book Against the Tide.
However, setting money aside, lately I’ve been thinking that the main purpose in life should be to achieve a reasonable level of happiness. It is not proportional to spend so much time improving our skills as money managers and not so much as happiness seekers. So, I’ve started from some interesting TED Talks about the link between happiness and strong relationships. Here you have a couple of talks:
I hope you enjoy them.
