VINDICA

  Background: Dividend Portfolio - Dividend Growth Stocks. Speculative Portfolio - Good companies that are richly valued high growth companies. Both portfolios were started with 10% of my liquid assets each on Jan 1st 2021. August Update: I love to think about what it means to be rational (more in the Long Read section).  The biggest breakthrough in terms of how I think about my life came when I realized how deeply irrational I actually am.  In the face of this, rationality seems more like an ideal than a practice.  With Markets, I am reminded often that irrationality rules the day, while rationality wins in the end.  However, they also say that the markets can be irrational longer than you can be solvent.  I have accepted this as a fact.  I don't speculate too much on things like "the market is too high", or "it is due for a correction".  Both of my portfolios are meant to ride the waves (larger waves in the case of speculative portfolio).  ...

 A long but worthy read on rationality: Why Is It So Hard to Be Rational? | The New Yorker The realities of rationality are humbling. Know things; want things; use what you know to get what you want. It sounds like a simple formula. But, in truth, it maps out a series of escalating challenges. In search of facts, we must make do with probabilities. Unable to know it all for ourselves, we must rely on others who care enough to know. We must act while we are still uncertain, and we must act in time—sometimes individually, but often together. For all this to happen, rationality is necessary, but not sufficient. Thinking straight is just part of the work.