One Up on Wall Street

This Week on The Compound

This Week on The Compound

This week on TCAF, Josh was joined by Peter Lynch, legendary portfolio manager of the Fidelity Magellan Fund and author of the classic investment book One Up on Wall Street. They discussed Peter's legendary career, how individual investors can succeed in the market, and the biggest mistakes investors make. (Listen)

INSIGHTS

No one is above being scammed or conned. Unfortunately, the widespread use of AI will only exacerbate the problem. Erik Barker recently culled eight lessons from Jonathan Walton’s new book Anatomy of a Con Artist: The 14 Red Flags to Spot Scammers, Grifters, and Thieves. Barker writes:

Urgency is the anesthesia they use to operate on your bank account. That ticking-clock, this-deal-dies-tonight, act-now-or-cry-later vibe slithers right under your logical defenses like a Trojan horse made of pure, concentrated FOMO.

Now scarcity by itself doesn’t mean something is a scam. But every time someone says “You’ve gotta do it now,” your bowels should clench a little.

Erik Barker

CHART OF THE WEEK

Why is the stock market up so much in the 2020s? Ben Carlson at A Wealth of Common Sense took a look. He writes: “What’s driving the stock market during this bull market? Earnings!”

MERCH

The Compound trucker hats have dropped. You may have seen them out in the wild at Future Proof. They come in both Navy and Black/White. You can check out all our merch at idontshop.com.

COMING SOON

This week on TCAF, Josh and Michael will be joined by Scott Nations, President of National Indexes, and author of A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation.

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