📅 On This Day: 1st May 2008. The ten-men of Rangers edged into the UEFA Cup Final after a dramatic penalty shoot-out victory over Fiorentina!

In terms of team size, both revenue per team member and revenue per employee increase until you hit 3 members, after which point the former plateaus and the latter declines. We observe that 3-member "triangle teams" - composed of a Senior Advisor, Associate Advisor, and CSA - are ideal for maximizing productivity. For those interested in this research now, our 2024 Productivity Report is publicly available here: kitc.es/4gpB6Ef

Absolutely insane stat: Just 3.7% of stocks created 100% of U.S. stock market wealth over the last century. Miss a handful of winners … and you miss the market. That’s why you need to diversify.

Actively trading stocks to try to beat the market is a loser's game.

Berkshire Hathaway now has $373 Billion in Cash, enough to buy 480 companies in the S&P 500: 😳

The five stocks that carried the entire UK market: Shell, BP, HSBC, BAT, AstraZeneca. Your index fund already owns all of them at full weight. That's not a happy accident — it's the whole point.

New UK research tracked every stock listed between 1975 and 2024. The finding: just 3.1% of UK stocks generated ALL the real wealth created by the market over 50 years. The other 97%? Collectively destroyed value.And the concentration is accelerating. 🧵

Over the last 75 years, the average intra-year market drop has been 14%. If you are overly stressed out about the current 7% drawdown, the stock market isn’t for you. Downside volatility is the price investors pay for long-term outperformance.

The Greatest.

The market is going to have a negative return about 1 in every 4 years. You can expect a drop of over 10% nearly every year. You can expect a drop of over 20% about every 5 years. Successful investors know this. If you can't accept it, the stock market isn't for you.

James Clear: The ability to bounce back quickly is a key skill in life.

RT @JamesClear: Habits that have a high rate of return in life: - sleeping 8 hours each day - lifting weights 3x week - going for a wal…

The FTSE 100 is not a good indicator of the health of the UK economy. The FTSE AIM index is - and the results aren’t good.

The stock market goes down roughly once every four years, on average, and bear markets are a regular occurrence. Investors should embrace this risk because without the left side of this chart (downside) there would be no right side (upside).

"One of the biggest things I learned from my grandfather was his little saying, which was PMA: positive mental attitude. So in any scenario, you try to have a positive outlook regardless of the current circumstances. That sounds kind of woo-wooy sometimes, or “always think positive” or whatever, but I have tried to become better at practicing it and teaching my kids how to practice it. One way that you can do it is when you run up against something that feels kind of difficult or feels like you don’t feel confident about it, you try to rehearse it visually and you emphasize the good portions of what could happen. And this can happen either in retrospect or pre-visualization before the thing happens." James Clear on The Knowledge Project

RT @JamesClear: Surround yourself with people who have the same goals as you. Rise together.

Start of 2025: ‘Why should I own anything outside of the U.S.?’ End of 2025: South Korea 95%, Peru 87%, Spain 78% … S&P 500 18%. The future is unknown. That’s why you diversify.

Money Paradox: A financial plan is priceless, even though it's almost certainly "wrong." Why? Because no one can predict the future exactly. But you can make smart assumptions. And prepare for the surprises life throws your way. Turning unpredictability into confidence.