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" ... Hartz: People tend to split because they have trouble tolerating “ambivalence,” which in psychology refers to the experience of having conflicting emotions toward the same thing at the same time—for example, acknowledging that we have both strengths and weaknesses. Ambivalence can be anxiety-provoking. In the short term, splitting reduces this anxiety by removing ambivalence and making the world appear simpler and more coherent. ... "
" ... Investors may need to decide between making a moral judgment and tolerating an incremental increase in fees should they seek alternatives to low-cost index funds. If investors truly wish to make a difference, they may have to accept slightly higher costs, at least in the short term. There is nothing to stop large institutional investors who are currently indexed from creating a different index or indexing with a screen for certain issues that they believe are important enough to make small sacrifices in performance. Investors have more power than they know. But sometimes there will be a price for exercising that power. Are they willing to pay it? ... "
" ... Overall, Dolan asserts that when people seek a high-performing financial life, they need to maintain a balanced approach to tolerating risk - take chances when necessary, but never lose sight of long-term goals. The battle cry of Dolan’s work is that anyone, and at any time - can live a Great Financial Life - one that is whole, complete and performing. ... "
" ... The Fed’s new approach is to abandon the view that there is a predetermined minimum unemployment level or full employment inflection point where inflation ignites. Rather, the Fed will focus on eliminating employment shortfalls by tolerating wider and more prolonged inflation shifts from its long term 2% target. If this policy had been in effect over the last decade, there probably wouldn’t have been any rate increases, as inflation persistently hovered below target. So, will this new innovation work? ... "
" ... We’re no longer tolerating your lousy behavior. You thrive on chaos, divisiveness, and fear. You seem to derive great pleasure from causing pain to others and enabling prolonged uncertainty. ... "