As a parent of a 9 year old and 12 year old, the trouble is never when you can hear a subtle or even louder than normal disturbance or any amount of noise.
The Silence is Trouble!
Why we like Skepticism
Skepticism is a valuable necessity in almost all areas of our lives, especially the capital markets. NO ONE was skeptical of the internet revolution in late 99. What followed was a tough recession, brought on by non other than the internet craze itself.
Silence, as there were no dissenters!
Fast forward to 2007, this time is was Residential Real Estate's time in the spotlight. One can never lose money in Real Estate was the themed dagger that made many over confident at that time. There were certainly other events that cumulated to lead to the Great Recession of 07-09, however the skeptics were gone, leaving the door open for the ultimate surprise we all experienced.
Oddly, there is a need for skepticism as it levels the Pro's and Con's of the situation.
Bottom line, if all is too well, no one else to enter or argue the point and we all fall on one side of the equation, leaving the other side of the event to occur.
Here is a great headline, we would call Skeptical…
North Korea threatens to turn US mainland into theatre of War!
La Times
And another good headline, again we would call skeptical…
An interview with Jim Rodgers "Of course we are in a stock market bubble"
Forbes
Versus Cynicism
In a world of overuse and excess, it is not surprising that cynicism also squeezes into the equation. There are many folks that have unfortunately made their names, especially in the financial world, but in many other parts of society as well, with Cynical statements and proclamations.
Cynicism in our minds is so constantly negative and allows no option for any other possibility… skepticism on a major extreme of sorts. The problem is frequently in a vacuum for headlines, cynical stories make their way to the top… Don't bite!
How many times was the world supposed to end?
The following review of another end of the world claim looks back at this persons claim and notes this is the multiple time for calling such event.
The Solar Eclipse is…. End of the World
CNET Review
Seems crazy right.. but caught at the perfect moment, you just might bite… nah, don't do it!
Welcoming skepticism and shunning cynicism should keep us all on even footing …. Just do it!
Have a great "Balanced" Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
$treet-¢ents 
Why we like Skepticism preview … Extended Remote Work ending …. Friday …
We welcome Skepticism and enjoy reading and listening to almost all points of view. Frequently in today's "Breaking News" sound bites, only the most dramatic are consumed in our busy lives day …
Next week we will discuss in great detail our view on Skepticism, cynicism and give a few fun to pokes at "Breaking News".
Remote Working Ending
Thanks to technological improvements and a smaller world, our annual extended remote work, visit with family and fellow professionals, went off without a hitch again this year … sixth year… hopefully we can make it seven in 2018!
This weekend brings the journey back home, which also means the school grind is getting close to starting up… much to the sadness of a few in our household… but its all necessary and good!
One Minute Video Series Continues
Next week we continue our 1 minute fun New Total Vault Video series… which is also being posted on our New Updated Website here
Ahhhh … but that is next week, summer is not over YET… still lots of hot days for us … enjoy your weekend .. Pool anyone!
Have a Great Friday!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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Posted in General Financial Planning, Investing/Financial Planning, Market Comments
Tagged cynicism, Skepticism