Logging

Film: The Counselor - Director's Cut

A strange, and arguably not very good film that I could not turn off.

Highlights are the philosophical ramblings and clothing.

Lowlight is the plot makes next to zero sense. For instance, can anyone explain to me the Counselor's role in the drug deal? 

Book: Four Pillars of Investing by Bill Bernstein

The most complicated and sophisticated book on investing I've read. Yet the takeaways are rather simple:

a) Use index funds

b) REITs, Value Stocks, and Bonds are all better placed in tax deferred accounts because their gains are taxed at ordinary income rates and if in taxable will get eaten away by taxes over time

c) Never hold more than 80% of your dough in stocks

d) When an asset class looks crummy is generally the time to buy

e) Lower expenses = higher returns in the long run