First they said it was just a one off “to flatten the curve”.
Then they said that we would all get through it together.
They said we should be patient…
…but who knew it would go on this long??
Yes, that’s right…The Escape Artist is back to review more classic songs about financial independence in the guise of a music critic from the NME…armed with earnest prose, psycho-babble and increasingly tenuous metaphors.
The last few weeks have seen signs of a late-stage speculative blow-off.
One swallow does not make a summer but we’ve had Tesla, then Gamestop then Bitcoin and all things crypto go crazy.
Frankie is having a whale of a time in the casino. What could possibly go wrong??
They don’t ring a bell at the top of the market but a major market crash is coming. Are you strapped in?
The Winner Takes It All (Abba)
In a negotiation, first work together to make the cake bigger 🎂 then discuss how to divide the cake between you. 🍰
Here Abba demonstrate the problem with zero sum games with a “winner” and a “loser”. This is a scarcity mindset and it leads people to fight over the “cake”.
In an an abundance mindset, there is enough for everyone…if you co-operate and make deals that allow both sides to win.
Freed from desire (GALA)
Someone smart once said that desire is a contract that you make with yourself to be unhappy until you get what you want.
I have a dual approach to happiness. Firstly, I try to lower my expectations and my desires. And secondly, I try to improve my situation and my reality.
Happiness comes when your (improved) reality exceeds your (lowered) expectations. You could summarise this arithmetically as:
Happinesss = Reality – Expectations
Manic Monday (The Bangles)
In this reminder of The Old Normal, The Bangles illustrate the problem with running around, commuting, shopping and spending. Constant busyness is expensive and stressful.
Then came the New Normal. Have you made some positive changes whilst in Monk Mode?
What changes will you keep when lockdown lifts?
Reasons To Be Cheerful (Ian Dury and The Blockheads)
In The Triumph of The Optimists, Professors Dimson, Marsh and Staunton set out the long term returns delivered by the stock market over the last century.
The curse of investing debates is that, to the semi-informed, the bear case sounds smarter. Especially when there’s no shortage of apocalyptic news.
As Morgan Housel puts it: save like a pessimist, invest like an optimist.
Losing My Religion (REM)
Cults are for losers.
You probably don’t remember The Spanish Inquisition (1478), The French Revolution (1789) or the Bolshevik Revolution (1917). But maybe you remember how the WACO siege ended?
Where Have All The Cowboys Gone? (Paula Cole)
I like Paula and would consider her as potential marriage material should a vacancy arise and she were to slide into my DMs.
Paula raises an interesting question…one which we addressed on a recent podcast with The Goodlife Guys where we discussed whether wokery is killing masculinity?
Milf Money (Fergie)
Don’t get me wrong, I like independent women, career women…even some feminists. My wife works (flexibly and part time) and she’s pretty damn good at her job.
Some say it’s an outrage that women are under-represented on the boards of big corporates. To be honest, I would rather it was them than me pulling the 70 hour weeks, churning out the powerpoint slides and drinking bad coffee in a Travelodge near Frankfurt airport etc. It’s a dirty job but someone’s gotta do it.
Levitating (Dua Lipa)
Imagine your net worth as a rocket. 🚀
Before you can earn anything you have to learn, finish school and get a job. It’s a big job just to build the rocket and get it to the landing site. It then takes a huge amount of energy to raise the rocket even an inch off the ground. There are huge forces of gravity, mass and inertia to be overcome.
But once the rocket achieves lift off, it starts to accelerate. As it gains altitude, the rocket gains momentum. Eventually the rocket escapes the Earth’s gravitational pull – effortlessly cruising in space at incredible speeds with no further effort required. This is escape velocity.