moneyFYI
Financial Freedom Is Merely Organized Common Sense
We All Have Delusions
When investing, most are led by what they want to have happen instead of where the facts may lead them. We tend to manufacture scenarios where things work to our advantage.
It is equally true in political thought, child rearing-, business, and seeking a life partner. Life is first seen to be welcoming and on our side.
H.L. Mencken puts it into perspective.
“What is not true, as everyone knows, is always immensely more fascinating and satisfying to the vast majority of men than what is true. Truth has a harshness that alarms them, and an air of finality that collides with their incurable romanticism.”
Your mission, should you accept it
Challenge your ideas of truth and reality. See more things from both sides. Be willing to amend your ideas. Charlie Munger has opined that it is a poor year unless at least one cherished belief is dismissed. Changing your mind as new information becomes available helps you stay young.
In a more practical way, think like the military. Base your plans on objective reality. Always be seeking new understanding of events and circumstances. Thinking the world is different than it really is, leads to failure.
I build strategic, fact-based estate and income plans. The plans identify alternate and effective ways to achieve spending and estate distribution goals.
Be in touch at 705-927-4770 or by email at don.shaughnessy@gmail.com.
moneyFYI 