Billy Ward

Let's get down to the nitty gritty
Let's get this show on the road

[Billy Ward @2xbilly]

You should read this. https://t.co/I71V3tsccr

[Tim Ferriss @tferriss]

Why You Should Stop Caring What Other People Think https://t.co/eFHdtLIIuy This is one of the best things I have ever read (via @waitbutwhy)

[Billy Ward @2xbilly]

@bp22 Always look for the incentives… totally gross

[Ryan Holiday @RyanHoliday]

https://t.co/uroTjRdRnT

[Billy Ward @2xbilly]

@THPGolf @odysseygolf Rossie

[THP Golf @THPGolf]

L👀KING FOR TESTERS
We are looking for SIX people to review the new @odysseygolf S2S Tri-Hot Putters for the THP Forum.

RT This and tell us what putter you want to test from the new line on the THP Forum.

We will announce testers later this week.

[Billy Ward @2xbilly]

@TKopelman Not to mention- he will have approximately ZERO time to fix something. He’s going to be sleep deprived, over worked, underpaid and probably pretty miserable. Being a resident is so hard

[Peter Mallouk @PeterMallouk]

When it comes to the economy, there are thousands of possible outcomes — but when a major policy shift like a trade war starts to unfold, it helps to focus on a few distinct scenarios. The tariff war just started so it’s early, but here’s my take on the three main potential outcomes.

1. Worst Case Scenario:
The administration is serious about keeping tariffs in place long-term, with the goal of forcing everything back to domestic production. That would mean higher prices for consumers, rising inflation, and a real hit to the average American’s standard of living. We’d likely fall into a deep recession, and the markets could drop anywhere from 30% to 60% in a short period of time. It’s the classic stagflation scenario — slowing growth and rising prices — and it’s brutal for everyone. No one wins.

2. Best Case Scenario:
This is all part of a master plan — an effort to create global uncertainty and bring countries to the table one by one for better trade terms and concessions on other issues. If that happens quickly (within six months), we could actually see interest rates drop, a recession avoided, and improved trade deals that ultimately benefit U.S. consumers and businesses. In that case, the short-term pain leads to long-term gain. Lots of winners here.

3. Mostly Bad Scenario:
The intent is negotiation, but it takes more than a couple of quarters. Even if successful, the collateral damage in the meantime sends us into a recession anyway. Supply chains are disrupted, companies hesitate to invest, and consumer confidence erodes before any deals are finalized.

It’s messy, the tariffs - as they sit - would be devastating if they lasted long, and there’s a lot of uncertainty, but I’m optimistic this wild adventure will come to a conclusion before the swimming pools close.

[Billy Ward @2xbilly]

@carney RIA = high net worth under $10 mil, seeks personalized advice/relationship from advisor
Big bank = one stop shop for advice, lending for your business, banking. Access to private bank for assets north of $10 mil.
Discount = For DIY investors

[Carl Richards @behaviorgap]

I want to share something with you that might feel a little bit heavy. You may also wonder what it has to do with money.

The truth is, it doesn’t have anything to do with money.

Not everything I share does.

In fact, this has to do with something more valuable than money, and that’s how we treat each other.

So let me tell you a story.

Years ago, I was in the airport when I found out one of my best friend's mother had just died quite suddenly. She was at dinner with a friend, felt sick, and was gone within a few hours.

I learned this through a message from my mom, who heard about it on the local news.

I called my friend.

Imagine this scene for a second: There I am, in Terminal 2 of the San Diego airport, calling someone whose mother had just died.

He answered. He was crushed. We cried.

His mom was one of the few people who always saw past my stupid behavior in high school. She always loved and accepted me, despite my being quite unlovable at the time. She gently influenced me to be better by not trying to influence me at all.

She was amazing.

My friend knew that better than anyone. He told me about her last moments in the hospital. He told me about begging the doctor to do more.

Life. Is. Heavy.

And then I boarded a plane. I thought about everyone else on the plane. I wondered if the airline employee scanning my boarding pass could see that I had been crying. Were my eyes red? Swollen? I wondered if there would be room for my bag in the overhead bin. If the person next to me would be nice.

In that moment, I couldn’t help but think about how odd the situation felt. All around me were strangers. I knew no one. And as far as I knew, no one had any idea what I was dealing with. I thought about the flight attendant, the man sitting next to me, and the woman across the aisle. Did they have a sick child or a friend in the hospital? Were they on that plane in a race against time? What about the person who had been yelling at the gate agent or, for that matter, those who were yelling on Twitter while I checked it standing in line?

As I turned away and stared at the Pacific Ocean through the little window from my seat on the plane, I was left with a bunch of grief and two big questions.

What burdens are all the people on this plane carrying? And how would I treat them differently if I knew?

In the moment, this was a very emotional experience. I wanted to treat everyone the way we all deserve to be treated. I wanted to give everybody room. I wanted to be more patient.

What’s crazy is that just a week later, I was rushing through another airport and tapping my foot impatiently as the guy in front of me fumbled with his things in the security line. That feeling of goodwill faded away so quickly.

I don’t want it to fade away. I want to hold on to it.

How do we do that? How do we hold on to that feeling of goodwill?

I don’t know the answer… but I do think asking the question is a good start.

[Billy Ward @2xbilly]

I cannot believe that just happened

[Billy Ward @2xbilly]

@moizali @GoldmanSachs If you’ve changed firms 3 times in 5 years, you’re part of the problem.

Stop looking for firms, and start looking for an advisor. The real value of an advisor isn’t finding magical returns, but is defining goals, creating a plan, and building a portfolio to achieve that plan.

[Billy Ward @2xbilly]

Sunday coffee with #TheOpen is a top 5 coffee of the year

[Bill D'Alessandro @BillDA]

Ok listen up for an iron law of economics.

When you subsidize the purchase of something, the market price of the thing goes UP by exactly the amount of the subsidy.

Everyone can now afford whatever they could afford before, plus the subsidy amount. The price gets bid up accordingly.

The subsidy ends up in the pockets of sellers, not buyers.

Homes, education, highways, insurance, ANYTHING. Every time.

Policies like this are offensive because they hurt the very people they’re designed to help.

But they’re not actually designed to help people. They’re designed to get votes, who cares about the consequences.

[Dane Sager Kelly @DaneSager]

I have a pretty good idea of who can take over the RenCen after GM leaves.

[Rubin J. Miller, CFA @RubinJMiller]

One of the best determinants of a financially healthy 30-to-40 year old is that none of their college friends got a job at Northwestern Mutual upon graduating.

[Billy Ward @2xbilly]

Friendly reminder that Levels is still the best song of all time

[Billy Ward @2xbilly]

@thesamparr KOT calf raise and FHL calf raise. Both on YouTube

[Billy Ward @2xbilly]

@thesamparr https://t.co/11m5TpIy5C

Tibialis raise

[Billy Ward @2xbilly]

@thesamparr Buy his book! “Knee Ability Zero”

I’ve been suffering from lower leg and knee issues most of my adult life and this is the only thing that has consistently decreased my pain. The first 3 exercises in particular, I think will help you.

[Billy Ward @2xbilly]

I get the whole “go for it” thing- but you have to take into account the actual game. You have to be smart enough to know to when to go and when to not. 47 yard FG has to happen

[Billy Ward @2xbilly]

STAYING POSITIVE