Good morning, sleepyheads. Welcome to another day of personal finance here at Apex Money. Let’s take a look at the stories I’ve gathered for you.
We’re going to start with a video featuring comments from Warren Buffett at the most recent Berkshire Hathaway shareholders meeting. Here’s one of my financial heroes explaining why he won’t buy Bitcoin…ever: “If you offered me all of the bitcoin in the world for $25, I wouldn’t take it.”
(I found this video via the excellent Millennial Revolution blog, by the way.)
“I lost $50,000 on paper (and I’m doing just fine).” [We Want Guac] — “Having lost $50k on paper doesn’t affect my life; it shouldn’t affect the lives of my fellow 20-something investors, either. Whether the stock market goes gangbusters this year or continues into the red, I’ll be doing the same thing either way: sticking to the plan.”
Politics and personal financial planning. [Oblivious Investor] — “If you do or don’t like the person in the White House, and you begin to let that feeling make you think that you can predict what the stock market is going to do over the next month (or 48 months), you’re in for a rude awakening. No one person has that much control over the stock market.”
Reputation rankings for the 100 “most visible” companies in the United States. [Axios] — “The two-step process starts fresh each year by surveying the public’s top-of-mind awareness of companies that either excel or falter in society. These 100 ‘most visible companies’ are then ranked by a second group of Americans across the seven key dimensions of reputation to arrive at the ranking.” Interesting list. At the top is Trader Joe’s, a company I love. Two companies I am growing to hate — Amazon and Google — are higher on the list than I would have expected. (Note that my dislike of Amazon and Google isn’t based on politics; it’s based on the shitty quality of their products.)
And our final story today has nothing to do with money. All the same, it’s interesting and insightful.
Pop stars on life after the spotlight moves on. [The Guardian] — “Armed with a batch of potentially indelicate questions – because who likes to discuss failure? – I began to reach out to musicians from various genres and eras, those who hadn’t died young, but were still here, still working, to ask them what it was like in the margins.”
And that’s all he wrote. I’ll be back tomorrow to take you in to the long weekend…