"Expect Trouble"

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Taylor Larimore
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"Expect Trouble"

Post by Taylor Larimore » Wed Mar 25, 2020 11:14 am

Bogleheads:

When I was younger, the "Ann Landers" column for personal advice ran in 800 newspapers. This is Ann's memorable advice that I find helpful during this bear market and the coronavirus epidemic:
"Expect trouble as an inevitable part of life, and when it comes hold your head high, look it squarely in the eye and say: "I will be bigger than you. You cannot defeat me." Then repeat to yourself the most comforting of all words. "This too shall pass."
Best wishes.
Taylor
Jack Bogle's Words of Wisdom: “Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.”
"Simplicity is the master key to financial success." -- Jack Bogle

Elysium
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Re: "Expect Trouble"

Post by Elysium » Wed Mar 25, 2020 11:33 am

Hi Taylor,

That's great advice. We need more of your generation characteristics in today's world. Hopefully this crisis will teach the younger generation something about grit and fighting back.

GoldenFinch
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Re: "Expect Trouble"

Post by GoldenFinch » Wed Mar 25, 2020 11:39 am

I grew up reading Dear Abby and Ann Landers. I learned so much about life and people from them. Many words of wisdom! I wish my kids could have had the same daily wisdom at the breakfast table. (I tried my best, but I’m no Dear Abby.)

Silence Dogood
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Re: "Expect Trouble"

Post by Silence Dogood » Wed Mar 25, 2020 11:44 am

Taylor,

I had never heard of this person (Ann Landers).

Thank you for sharing!

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BarbaricYawp
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Re: "Expect Trouble"

Post by BarbaricYawp » Wed Mar 25, 2020 11:52 am

#unitedwestand
"The cure for boredom is curiosity. There is no cure for curiosity." --Dorothy Parker

caffeperfavore
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Re: "Expect Trouble"

Post by caffeperfavore » Wed Mar 25, 2020 11:54 am

Silence Dogood wrote:
Wed Mar 25, 2020 11:44 am
Taylor,

I had never heard of this person (Ann Landers).

Thank you for sharing!
Funny, because she was sort of a modern day Silence Dogood with less humor.

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Stinky
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Re: "Expect Trouble"

Post by Stinky » Wed Mar 25, 2020 12:09 pm

It seems like "major trouble" is hitting us about every 10 years or so. That means I should expect several more future rounds of "trouble" if i live as long as I hope to.

I'm staying the course, and will keep doing so. This, too, shall pass, as have all "troubles" in the past.
It's a GREAT day to be alive - Travis Tritt

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watchnerd
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Re: "Expect Trouble"

Post by watchnerd » Wed Mar 25, 2020 12:11 pm

Stinky wrote:
Wed Mar 25, 2020 12:09 pm
It seems like "major trouble" is hitting us about every 10 years or so. That means I should expect several more future rounds of "trouble" if i live as long as I hope to.

I'm staying the course, and will keep doing so. This, too, shall pass, as have all "troubles" in the past.
I would assume so, too.

I also don't think it's recent, either. American History, at least, is punctuated by something major every 10-20 years, at least as far back as the War of 1812.
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP

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Re: "Expect Trouble"

Post by Vanguard Fan 1367 » Wed Mar 25, 2020 12:52 pm

I got a lot of advice from Ann Landers when I was growing up. I appreciate her wisdom.

btenny
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Re: "Expect Trouble"

Post by btenny » Wed Mar 25, 2020 1:01 pm

How do we pass along this wisdom to the younger generation? Is there a Instagram list or some YouTube videos that they will set still for and watch and learn from?

magicrat
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Re: "Expect Trouble"

Post by magicrat » Wed Mar 25, 2020 1:04 pm

btenny wrote:
Wed Mar 25, 2020 1:01 pm
How do we pass along this wisdom to the younger generation? Is there a Instagram list or some YouTube videos that they will set still for and watch and learn from?
They will have to learn through experience

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obafgkm
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Re: "Expect Trouble"

Post by obafgkm » Wed Mar 25, 2020 1:15 pm

Silence Dogood wrote:
Wed Mar 25, 2020 11:44 am
I had never heard of this person (Ann Landers).
She was the identical twin sister of the original "Dear Abby" (who is the mother of the current "Dear Abby"). I'm a few years younger than Mr. Larimore, but I grew up reading Landers's column in The (Baltimore) Evening Sun as a kid in the 1970s and 1980s.

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Clever_Username
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Re: "Expect Trouble"

Post by Clever_Username » Wed Mar 25, 2020 1:21 pm

Taylor,

This is fantastic and is exactly what I needed to read today. Thank you.
"What was true then is true now. Have a plan. Stick to it." -- XXXX, _Layer Cake_ | | I survived my first downturn and all I got was this signature line.

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Re: "Expect Trouble"

Post by lassevirensghost » Wed Mar 25, 2020 1:26 pm

Elysium wrote:
Wed Mar 25, 2020 11:33 am
Hi Taylor,

That's great advice. We need more of your generation characteristics in today's world. Hopefully this crisis will teach the younger generation something about grit and fighting back.
As a principle, it always seems to be a greater benefit for one to internalize wisdom for oneself rather than point out who does or doesn't have it. Casting stones and so forth.
“Groucho, how do you invest your money?” | “All in bonds.” | “But Groucho, they don’t pay much return.” | “They do when you have a lot of em!”

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iceport
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Re: "Expect Trouble"

Post by iceport » Wed Mar 25, 2020 1:29 pm

Taylor Larimore wrote:
Wed Mar 25, 2020 11:14 am
Bogleheads:

When I was younger, the "Ann Landers" column for personal advice ran in 800 newspapers. This is Ann's memorable advice that I find helpful during this bear market and the coronavirus epidemic:
"Expect trouble as an inevitable part of life, and when it comes hold your head high, look it squarely in the eye and say: "I will be bigger than you. You cannot defeat me." Then repeat to yourself the most comforting of all words. "This too shall pass."
Best wishes.
Taylor
Jack Bogle's Words of Wisdom: “Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.”
Thank you, Taylor!

Your reassuring presence is, as always, a great source of comfort and inspiration.
"Discipline matters more than allocation.” ─William Bernstein

rascott
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Re: "Expect Trouble"

Post by rascott » Wed Mar 25, 2020 1:29 pm

Stinky wrote:
Wed Mar 25, 2020 12:09 pm
It seems like "major trouble" is hitting us about every 10 years or so. That means I should expect several more future rounds of "trouble" if i live as long as I hope to.

I'm staying the course, and will keep doing so. This, too, shall pass, as have all "troubles" in the past.

It's called human life.

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tvubpwcisla
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Re: "Expect Trouble"

Post by tvubpwcisla » Wed Mar 25, 2020 1:30 pm

Thanks for sharing. Always nice to hear words of wisdom! :beer
The secret to building wealth is to have a plan, keep expenses low, become an expert in your craft, consistently buy the market, diversify, establish multiple income streams, and always smile.

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timboktoo
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Re: "Expect Trouble"

Post by timboktoo » Wed Mar 25, 2020 1:35 pm

Thanks, Taylor. You are a rock, man.

- Tim

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LilyFleur
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Re: "Expect Trouble"

Post by LilyFleur » Wed Mar 25, 2020 1:36 pm

Thanks, Taylor, for your words of wisdom.
Stay safe!!!

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Re: "Expect Trouble"

Post by Call_Me_Op » Wed Mar 25, 2020 1:48 pm

Elysium wrote:
Wed Mar 25, 2020 11:33 am
Hi Taylor,

That's great advice. We need more of your generation characteristics in today's world. Hopefully this crisis will teach the younger generation something about grit and fighting back.
And sacrifice (of their social life) for the good of others.
Best regards, -Op | | "In the middle of difficulty lies opportunity." Einstein

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Re: "Expect Trouble"

Post by Fallible » Wed Mar 25, 2020 1:52 pm

"Expect trouble" is good advice when deciding how much investing risk to take. We can't know what the exact trouble will be, but we do know it will happen in the form of a market drop or crash. Considering the last few market crashes, the phrase might even be to 'Expect BIG trouble.'

Thanks for posting, Taylor.
John Bogle on his often bumpy road to low-cost indexing: "When a door closes, if you look long enough and hard enough, if you're strong enough, you'll find a window that opens."

Elysium
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Re: "Expect Trouble"

Post by Elysium » Wed Mar 25, 2020 4:11 pm

lassevirensghost wrote:
Wed Mar 25, 2020 1:26 pm
Elysium wrote:
Wed Mar 25, 2020 11:33 am
Hi Taylor,

That's great advice. We need more of your generation characteristics in today's world. Hopefully this crisis will teach the younger generation something about grit and fighting back.
As a principle, it always seems to be a greater benefit for one to internalize wisdom for oneself rather than point out who does or doesn't have it. Casting stones and so forth.
Sorry. Have to disagree. Taylor's generation made more sacrifices that helped us all who came after live in comfort.

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JoeRetire
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Re: "Expect Trouble"

Post by JoeRetire » Wed Mar 25, 2020 4:13 pm

Taylor Larimore wrote:
Wed Mar 25, 2020 11:14 am
Bogleheads:

When I was younger, the "Ann Landers" column for personal advice ran in 800 newspapers. This is Ann's memorable advice that I find helpful during this bear market and the coronavirus epidemic:
"Expect trouble as an inevitable part of life, and when it comes hold your head high, look it squarely in the eye and say: "I will be bigger than you. You cannot defeat me." Then repeat to yourself the most comforting of all words. "This too shall pass."
Best wishes.
Taylor
That's nice. Thank you.
It's the end of the world as we know it. | It's the end of the world as we know it. | It's the end of the world as we know it. | And I feel fine.

bogle student
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Re: "Expect Trouble"

Post by bogle student » Wed Mar 25, 2020 4:23 pm

Sometime a great message comes from a few words. This is one of those times. Thanks Taylor

Silence Dogood
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Re: "Expect Trouble"

Post by Silence Dogood » Wed Mar 25, 2020 4:25 pm

caffeperfavore wrote:
Wed Mar 25, 2020 11:54 am
Silence Dogood wrote:
Wed Mar 25, 2020 11:44 am
Taylor,

I had never heard of this person (Ann Landers).

Thank you for sharing!
Funny, because she was sort of a modern day Silence Dogood with less humor.
Indeed! I guess she was after my time. :P

sedonashine
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Re: "Expect Trouble"

Post by sedonashine » Wed Mar 25, 2020 4:28 pm

Nothing new under the Sun....but do try and stay under the Sun~Thanks Taylor ... for still caring about all of us.~

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Re: "Expect Trouble"

Post by MathWizard » Wed Mar 25, 2020 5:05 pm

btenny wrote:
Wed Mar 25, 2020 1:01 pm
How do we pass along this wisdom to the younger generation? Is there a Instagram list or some YouTube videos that they will set still for and watch and learn from?
Instead of offering a "help hint" or "words of wisdom", call it a lifehack, and you're golden with the younger generation.

Silence Dogood
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Re: "Expect Trouble"

Post by Silence Dogood » Wed Mar 25, 2020 5:52 pm

obafgkm wrote:
Wed Mar 25, 2020 1:15 pm
Silence Dogood wrote:
Wed Mar 25, 2020 11:44 am
I had never heard of this person (Ann Landers).
She was the identical twin sister of the original "Dear Abby" (who is the mother of the current "Dear Abby"). I'm a few years younger than Mr. Larimore, but I grew up reading Landers's column in The (Baltimore) Evening Sun as a kid in the 1970s and 1980s.
Thank you for this information!

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Re: "Expect Trouble"

Post by abuss368 » Wed Mar 25, 2020 6:44 pm

Taylor Larimore wrote:
Wed Mar 25, 2020 11:14 am
Bogleheads:

When I was younger, the "Ann Landers" column for personal advice ran in 800 newspapers. This is Ann's memorable advice that I find helpful during this bear market and the coronavirus epidemic:
"Expect trouble as an inevitable part of life, and when it comes hold your head high, look it squarely in the eye and say: "I will be bigger than you. You cannot defeat me." Then repeat to yourself the most comforting of all words. "This too shall pass."
Best wishes.
Taylor
Jack Bogle's Words of Wisdom: “Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.”
Fantastic advice and perfect timing for the Bogleheads! Thanks Taylor.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success." || Buy Total Stock until it hurts. Then find a way to buy even more!

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