Category: 3 – SHELF it (All Categories are 1 – Read ASAP!, 2 – BUY it!, 3 – SHELF it, 4 – SOMEDAY it)
Comments: Jonathan DeYoe reached out after I shared a personal finance post on my blog and offered to send his book over. I love reading personal finance and investing books from time to time. They’re good reminders of the importance of sticking to the fundamentals. His book was definitely one of those.
Insights that resonated: Mindful investing is:
1. Mindfully looking at what you really need to make you happy (both now and in the long term), then making an investment plan to match your needs.
2. Once you’ve done that, avoiding the noise.
He shares a key concept in Taoist philosophy – “wu-wei” or intentional non-actiohn. Doing without doing.
The key is to do the planning part – determine the amount of money you’ll need in the future, save, and invest/rebalance regularly in a simple diversified portfolio. Then free yourself from market timing and investment selection judgements.
Make a plan, then wu-wei.
Marler's Observatory 