Today’s decline won’t last. It will fade. Knowing that, knowing that your plan will outlast temporary declines, every single one of them, does it become a bit easier to see the temporary-ness, not the panic?

Now my wife wants me to go on the “all romaine” lettuce diet. She just bought me 12 pounds of the stuff. She really cares about me...

Other than both zero coupon and whole-life policies are irrational lifetime (multi-decade) investments.

When will people learn that being able to PAY for something is not the same thing as being able to AFFORD something?

I tell my kids that it is ok to make a great deal of money...BUT it's not ok to NEED to make a great deal of money.

Trump aka "Tariff John Brown" to Farmers: "I got the tariff.. now you're gonna need a subsidy"

Four most dangerous words you will here on CNBC today: What To Do Next.

Looks like the Grinch is trying to steal Christmas again...

The stock market the past 6 weeks...

Historically, the probability of fully recovering from a 14% decline in the SP500 over 12, 24 and 36 month periods. Also, odds of more than recovering and actually achieving total return of 20%.

Chances of gaining back current drawdown in SP500 over 12, 24 and 36 months.

If you don't think timing the market is hard...consider that one of the top market timers (may be #1) recommended qqq's just before 2000 collapse, didn't call the 2008-09 Bear and now is a couple of percent from getting caught in another bear market he did not call. we will see.

Guy says to the Doctor: every time I take a sip of coffee, I feel a stabbing pain. Dr.: take the spoon out. Guy says to his Fin Advisor: every time the stock market goes down I lose money. FA: Stop selling Losses in broadly diversified stock ports. take human intervention.

If you hate your Brother-In-Law enough, do this… Tell them to watch CNBC all day. That way, he will surely panic and sell. Then, in a few days or weeks, when things look better, and if he continues to watch CNBC all day, they will buy back in—at much higher prices, of course.

That's because "when things look better," prices will naturally be higher. This idea is my #1 strategy to destroy wealth reliably. The person you hate only has to repeat this a few times in their life to end up with eternal financial sadness.

But be careful, don't use this strategy for someone if you simply dislike them--this is a potent strategy. # perspective #satire

The Apocalypse de jour Client: This virus thing (or fill in the blank thing) is getting out of hand. The markets down 15%. Me: Yes. The last time we had a virus scare like this was SARS. Do you remember when that happened? Client: I don’t have the foggiest idea. continued

Me: I didn’t think so, It was back in 2003. Like all other emergencies, we either solved it or learned to live with it. Client: Do you think we should move to something safer for a while? Me: Well, you just described my number one strategy for destroying wealth. continued...

Client: What do you mean by that? Me: If we get out today, what will have to happen to give you the courage to get back in? Client: When things look better, I guess. Me: Where do you think stock prices will be when “things look better”? Client: I guess higher…? continued...

Me: Yep, that’s my number one strategy for reliably destroying wealth alright. Client: What’s your number two strategy for destroying wealth? Me: I don’t know what the second one is, but I am thinking it is watching CNBC all day. I will get back to you with that.