Good afternoon!

Thank you for reading The Best Interest​

And listening to my podcast, Personal Finance for Long-Term Investors​

From the blog...

James Stockdale was a U.S. Navy aviator who eventually rose to the rank of admiral and even ran for U.S. vice president in the 1992 election (on Ross Perot's ticket).

During the Vietnam War, Stockdale's fighter plane was shot down, and he spent seven years as a prisoner of war in the infamous “Hanoi Hilton” prison camp.

It was during these challenging seven years that the "Stockdale Paradox" was born.

Despite repeated torture over those seven years, Stockdale survived as an unbroken man. He remained a leader to his fellow prisoners. He didn't give up any vital intelligence information.

How did he do it?

Stockdale constantly reminded himself of two vital philosophies.

But because these two ideas are somewhat at odds with each other, they're now known as the Stockdale Paradox.

​The Stockdale Paradox​

On the podcast...

Episode 130 covers lots of smart ideas from the intersection of investing + financial planning.

Perhaps the most interesting idea involves "defined duration."

You might know that bonds have well-defined durations. It reflects the weighted-average time to receive all cash flows (coupon and principal) from a bond.

But - can we apply a similar idea to stocks? Can we give other assets a "defined duration?"

If so, that's really cool for anyone looking to build a long-term retirement portfolio.

​Giving "Defined Duration" to Stocks | E130​

Weekly Top 3 - Other Content You Can't Miss

• 🏡 From Axios: US homeowners simply aren't moving​
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• 🆓 From Morningstar: five "financial freebies" you might want to look into
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• 🥈 From RCM: thoughts on the crazy metals market**

**I don't own any precious metals. I don't understand the economics. It's never been part of my long-term investing philosophy.

It's been interesting to sit on the sidelines as silver, for example, gained +260% between last February and this January, only to drop (-30%) in one day to start this month.

Do you own precious metals in your portfolio? Why or why not? Email me: --> jesse@bestinterest.blog​

What Are *Your* Questions?

I've been creating "ask me anything" episodes on the podcast, where I answer your questions about investing, financial planning, and retirement. They are quickly becoming my most popular episodes.
​
Want to check them out? They're all here:

🔗 All of My AMA Episodes​

I'm collecting questions for AMAs 15 and 16.
​
Reply to this email or send questions to jesse@bestinterest.blog​

Work with Jesse!

I work for a fiduciary wealth management firm in Rochester, NY, helping busy professionals and retirees avoid costly mistakes and grow lasting wealth to and through retirement.

Learn more here --> Work with Jesse​

Until Next Week

Thank you, as always, for reading, listening, and getting in touch. The project continues because you are a fantastic audience. People like you send me questions every single day.

Send an email or ask me question: ​​jesse@bestinterest.blog​

Until next week,

Jesse