Belated weekend reads - 27
Been a dramatic day on the market. The last time there was a 4% intraday drawdown and the index came back to finish the day in the black was in 2008.
Interesting piece on the national coin shortage.
https://nymag.com/intelligencer/2022/01/national-coin-storage.html
Companies are sweetening the deal for some 401k plans as a way to attract and retain talent. Hopefully you’re fortunate enough to work for one of these companies!
If you take anything from what I write in this newsletter, let it be this: you cannot pick stocks. you may get lucky a few times, but on a systematic basis, you do not have the ability to consistently outperform the market by picking individual companies.