Weekly Email for 9/13/19
Updated: Oct 11, 2019
Each week – we seem to have so many new things cross our desk that we want to share but can’t share them all at once…. Or can we?
In case you missed it:
Our book was recently featured in another list – that’s two in one month!
o 30 Books Every Woman Should Read During Her 20s
o Your Guide to Beneficial Personal Finance Books
We came across The Story of Mr. Market as told by Benjamin Graham to Warren Buffett from the book Storyselling for Financial Advisors. This is so good; I’ll copy it below my footer in hopes more people will read it. You can also click the link to read it on our website.
We have published 5 of our recent blog posts as articles on Medium.com. Check them out and “clap” for them if you like them. Claps are actually revenue for us! You can see our bio and list of articles HERE. 4 of the 5 have been curated by Medium staff, and 3 have been published by Medium Publication The Startup.
I hope we don’t regret this tweet (below)!
Did you see this in the news? Peppa got paid! It’s a chance to talk to your kids about something familiar to them!
Jodie videoed the “Announcement Ceremony” from our Annual Stock Market Game, and I edited it down and added captions and graphics. It is pretty funny and even informative. You can watch the quick video HERE.
Other articles we think you will like:
o Charles Schwab Foundation is matching donations to Financial Literacy projects on DonorChoose.org. Tell your teachers!
o Mom Teaches Kids Valuable Lesson by Holding “Job Fair” For Household Chores
o Andrew Luck is the Poster-child for the FIRE Movement
That’s it for now – thanks so much for reading and following along! Don’t forget to enjoy the story of Mr. Market below!
With gratitude, J J and Jodie
The Tale of "Mr. Market" as told to Warren Buffett by Benjamin Graham.
From the book Storytelling for Financial Advisors by Scott West and Mitch Anthony
You should imagine stock quotes as coming from a remarkably accommodating fellow name Mr. Market, who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your stock or sell you his. Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market's quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. But like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you not guide you. It is his pocketbook, not his wisdom, that you will find useful. If he shows up someday in a particularly foolish mood, you are free to either ignore him or to take advantage of him, but it will be disastrous if you come under his influence. At times he waxes euphoric and can only see the favorable factors affecting the business. When in that mood, he names a very high price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him. Under these conditions, the more manic-depressive his behavior, the better for you. One other fella we might mention here is Mr. Market's best friend, Mr. Media. Mr Media loves to take his cues from Mr. Market and shout them in the streets and over the airwaves. One day it is, "The market is up 100 points - buy everything!" The very next day Mr. Media shouts, "The market is down 100 points - run for the hills!"