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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Bond Investing
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Author: Beginner ✧  😊 😞
Number: of 102 
Subject: Re: Target Maturity Funds (TMFs)
Date: 02/16/23 1:02 PM
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No. of Recommendations: 6
Charlie, you are endlessly kind. But a granola mama I am not! More of a punk rock kind of gal. DYI. Well, maybe a little bit of both because i'm a boomer. Never thought about it that way.

I learned to sew my own clothes when i was a kid, from necessity, and threw some pots, which i happen to be kind of good at because I attend to detail and it was a way to relieve me of my thoughts. But I haven't done either of these things in quite a while. Aspire to. I've also been a film maker. Those are ways for a person to express oneself when they don't quite fit in the clothes, the images and the thoughts of the day.

But I met Warren, through one of his kids, in 1995? Changed my life! Saw Charlie at a Wesco meeting in Pasadena, which was closer to home than Omaha. His candor was a spiritual awakening. And I've been following them ever since.

Starting from scratch, though, it has not been a straight path. My in-laws were in the investment business and uh, how should i say this, chauvinistic and condescending. Fortunately, i was able to ask Warren about how to learn about investing and he suggested, of course, The Intelligent Investor. It took me six months to read it. I asked him what parts i should pay attention to. Chapter 8. Well, i could go on and on. I didn't understand anything except that chapter. But it took until 2008/09 before i understood what that meant. My circle of competence was only useful when the bottom fell out.

Anyway, I started the Intelligent Investor, again, a few months ago, and, amazingly, all these years later, I understand it better.

You see, I came down with a bit of fomo during the 2020 and 2021 runup, and forgot much of my early learning during the dotcom bubble. Fortunately, the voices of Warren and Charlie persistently echoed and I am back to being a beginner and learning more about finance than i ever thought I would. Ever thought I could. Even bonds.

A poor kid from the wrong side of the tracks, will forever be my beginning. That will never change, but I endeavor to learn what I can and appreciate people who know more than I do and have character and honor. Learning about finance has also supported a couple other great interests of mine, rationality and integrity. However haltingly I may walk, I point myself in those general directions.

I will pick up the Intelligent Investor, again, since I put it aside in favor of all the Sherlock Holmes stories. Thanks for the nudge. I want to keep all my teeth.

And thank for those new suggestions for further reading. I look forward to it. :)


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This community has written 102 posts about Bond Investing. The article-length ones it recommended most:
Bond Investing, a Brief Intro · 20 recs · 2023
Target Maturity Funds (TMFs) · 8 recs · 2023
A Preview of Coming Attractions · 8 recs · 2023
OT: An exchange done at TMF. · 7 recs · 2023
A Book List for Bond Investing · 6 recs · 2023
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