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Michael Brady, President Generosity Wealth Management 1818 16th Street Boulder, CO 80302 P 303.747.6455 F 858.947.3807 www.generositywealth.com Registered Representative of and securities offered through Cambridge Investment Research, Inc. Member FINRA/SIPC Investment Advisor Representative of and Advisory Services offered through Generosity Wealth Management, LLC., a Colorado Registered Investment Advisory firm Generosity Wealth Management, LLC and Cambridge Investment Research, lnc. are not affiliated companies
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Greetings!
A puzzle that was so hard the first time around is simple in hindsight. This is known as Hindsight Bias. This week I talk about the psychological phenomenon of Hindsight Bias and investors' over reliance on Performance Numbers. Click on link below
Hindsight Bias and Performance - Video
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I've been negative on the finances of state and local governments for some time, and continue to believe it will get worse before it gets better.
This article takes a contrarian view, particularly on the debt, which I want to present to you.
He argues there are "diamonds in the rough", which is almost always true.
I'm still quite negative on municipals in general, but it's good to see the other point of view.
Understanding Risk Management
John Paulson, a smart, rich, and successful hedge fund manager, has some pretty good words about "Risk" in a paper he recently published.
Put simply, you have to understand what the Risk is before you come up with bumper sticker phases like "if you watch the downside the upside takes care of itself".
Interesting article.....

Just because you're retired, doesn't mean you can't be charitable if that's one of your goals.
But, to get the most out of your giving, I have some tips for you.
Here are 10 tips
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I'm in East Africa right now
While you're reading this newsletter, I'm in East Africa working with 2 charities--BeadforLife and Bearing Witness Rwanda. Both are great organizations and I look forward to sharing more with you upon my return.
As all my clients know, even when I'm out of town I watch things closely and (with modern technology) am available in short order. If you leave a message or an email, I'm back with you before you know it.
I love Africa, the African people, and the good work we're doing here. Africa is improving and I'm proud to be associated with groups that are making a difference.
Happy Easter to you all. I return on April 23rd.
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I'm here to help!....
I'd love to talk more with you about the above topics or anyway I can help you grow and preserve your money while providing for yourself, your family, and community.
Mike
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