Basic knowledge of both investing fundamentals and the emotional aspects of decision making are key. Buffett said the investing game is not "won" by those with the highest IQs, but rather those with emotional discipline.
Much has been written about "Enough". Your well written article reminded me of reading this somewhere: "Learn to be happy and content with what you have, than to want something you don't have, in order to become happy and content".
Very thoughtfully written article. So far at age 73, I have not used an advisor, but am considering this for similar reasons you mentioned. Many articles on this matter focus on the costs of "fee only" versus "assets under management". I imagine some in my position might want to "ease into" a partnership where they work together, and if it works out over time, may become comfortable with the advisor running things. What are your thoughts?
Comments
Basic knowledge of both investing fundamentals and the emotional aspects of decision making are key. Buffett said the investing game is not "won" by those with the highest IQs, but rather those with emotional discipline.
Post: Financial literacy is not the problem nor the solution.
Link to comment from November 13, 2026
Not me, thats for sure!
Post: Pirates, Pieces of Eight, and the $ in Your Pocket
Link to comment from November 11, 2026
I remember when some stock price quotes were listed in eighths. Such as: "5 and three eighths", or $5.375, aka 5 and 3 bits. Fun article, Mark.
Post: Pirates, Pieces of Eight, and the $ in Your Pocket
Link to comment from November 11, 2026
"Expect nothing, and appreciate what is given" is a great way to frame the topic of inheritances or gifts in general.
Post: A Gift, Not A Given
Link to comment from November 11, 2026
Sounds sensible to me.
Post: Protecting What We Built
Link to comment from November 8, 2026
Much has been written about "Enough". Your well written article reminded me of reading this somewhere: "Learn to be happy and content with what you have, than to want something you don't have, in order to become happy and content".
Post: Enough already?
Link to comment from November 7, 2026
Very thoughtfully written article. So far at age 73, I have not used an advisor, but am considering this for similar reasons you mentioned. Many articles on this matter focus on the costs of "fee only" versus "assets under management". I imagine some in my position might want to "ease into" a partnership where they work together, and if it works out over time, may become comfortable with the advisor running things. What are your thoughts?
Post: Protecting What We Built
Link to comment from November 7, 2026
Excellent advice.
Post: The Leap of Faith
Link to comment from November 6, 2026
Any comment paraphrasing Feynman gets an upvote from me. I agree with your approach.
Post: The Leap of Faith
Link to comment from November 6, 2026
Strong opinions based on solid facts and logic. Classic Jonathan.
Post: Jonathan’s Parting Thoughts: No. 5
Link to comment from November 6, 2026