Wah Wah Wah Wah Wah
I just finished reading a third quarter "Investment Commentary" put out by an industry organization. All I could think of was the teacher from Charlie Brown. If financial-speak puts you to sleep, I get it. Sometimes, it puts me to sleep, too. A lot of financial people think they need to sound really smart to impress you. Or maybe it's because they believe if they start talking about something complicated sounding, you'll just leave them alone and keep paying them. Remember this, Warren Buffett once said, "Only invest in things you understand." So don't be amazed the next time someone in a fancy suit points to something that takes 16 words to title and tries to convince you of something. Something like the "Civilian unemployment rate and year-over-year wage growth for private production and non-supervisory workers." Yes, somebody really took the time to graph that one out. At the end of the day, if it's really complicated to explain and you can't easily understand it, it probably doesn't matter. And if that someone is me, go ahead and give me one of these.
Be honest, you were really curious to see this, weren't you?