Surprisingly, the New York Jets drew a decent parallel to the investing world this morning. The Jets announced they will start Geno Smith on Sunday instead of Ryan Fitzpatrick. After his stellar performance last year, almost every Jets fan was screaming for the team to re-sign him for this year. They got their wish, and now they’re regretting it. Similar to the investing world, basing your investments off of past results might not always be the best option. One needs to look into the future and choose the best option possible to help the “team win the game”. While Geno Smith may not be the answer the Jets are looking for, Ryan Fitzpatrick’s time is rightfully over.
Here’s what I’ve been reading this morning:
’10 Purchases That Are Worth The Money’ – Ben Carlson – A Wealth Of Common Sense
‘Genius Does Not Always Understand Itself’ – Michael Batnick – The Irrelevant Investor
‘Social Security Cost-Of-Living Allowance Increases for 2017 is Just 0.3%’ – Darla Mercado – CNBC
‘Harvard’s Lesson In Private Equity’ – Barry Ritholtz – Bloomberg View
‘Too Many Americans Invest From the Back Row’ – Anthony Isola – A Teachable Moment