☝️ Upwarding #50: Useless Tackle, Please Read Less, Monitoring Glucose, a Little Self-Denial

Welcome to this week's Upwarding newsletter. My blog, with more in-depth content, can be found here.

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“I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'" - Charlie Munger

Mindfulness/Spirituality/Chill

Care to join me for a 7-day insight/reset week for Thanksgiving?  No experience necessary.  Don’t have room in your schedule?  This actually FREES up your schedule….read on…

The main requirement is that you give up reading/media for a week, and dedicate about 20-30 minutes a day to brain dump journaling and meditation.  

Health/Wellness

I predict that in a few years regular glucose monitoring in non-diabetics will become normal.  Not just the blunt average A1C measurement we all get with our annual blood tests, but actual continuous and precise monitoring for 1-2 weeks every few years for healthy adults.

Since virtually every age-related problem (heart attack, cancer, Alzheimer’s, and more) is correlated with glucose and insulin response, it’s quite possible that if we could only manage one thing in our lives, insulin and glucose is IT.

I’ve ordered a CGM and plan on wearing it for a couple of weeks.  If you have any particular questions you want me to answer during the test, send them my way!  I’ll be happy to track and share data publicly.  Here is one dietician’s experience and a podcast if you want to deep dive.

Investing/Money

Just a quick update on the Ultimate Liquidity Portfolio (the ULP).

Year to date, the ULP has returned 1.78% - still better than cash like alternatives (under 1% this year, yuck), although below its typical return of inflation + 2% - 3%.  This happens…and doesn’t change my recommendation.

For those of you who switched to the slightly more optimized 3-Asset ULP mentioned in the 2021 edition of the book, this year the return has been 3.22%.    Here are the longer-term results for each strategy, annualized, as a reminder.

3 years = 6.8%, 7.0%

5 years = 4.4%, 5.2%

10 years = 4.1%, 4.6%

40 years = 8.2%, 8.1%

Although the performance of the three asset portfolio is a little better (in addition to the returns, it provides slightly more downside protection), I still don’t think it is worth the additional complexity of a third asset for the purposes most people use the ULP, which is as an emergency or opportunity fund.

Reflection/Quote

"One is happy as a result of one's own efforts once one knows the necessary ingredients of happiness: simple tastes, a certain degree of courage, self-denial to a point, love of work, and above all, a clear conscience". - George Sand [pen name of Amantine-Aurore-Lucile Dupin], novelist (1 Jul 1804-1876)

Please forward this newsletter to two friends who might enjoy it!  Thank you,

Chris

www.upwarding.com