History Lessons for the Modern Investor Podcast

Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.Get to know the host of the History Lessons for the Modern Investor Podcast. Download here: 10 Things About Patrick In this week’s “History Lessons,” we go back to October 14, 1755, when Samuel Johnson—armed with nothing but intellect, wit, and a staggering work ethic—published his legendary Dictionary of the English Language. What began as a lonely quest to “fix” the unruly English tongue soon redefined how people communicated, made agreements, and navigated a shifting world. But what does a 1,700s dictionary have to do with investing today? Everything. Join us as we unpack: ✅Why clear definitions (in language and in finance) are the antidote to confusion and jargon, ✅How embracing—rather than fearing—change keeps your plans relevant, ✅The hidden dangers of thinking you know it all, ✅And why a common framework (whether a dictionary or a disciplined process) outlasts clever one-offs every time. Whether you’re building portfolios or mastering the power of words, Johnson’s story proves that clarity, humility, and adaptability are the real keys to long-term success. 👇 #HistoryLessons #Investing #SamuelJohnson #Dictionary #FinancialWisdom #Change #Clarity #WeeklyBriefingThanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.As Seen On: CNBCNew 401(k) Catch-Up Contribution Rules: What High Earners Need to Know—And Do NowThe IRS has finalized a major shift for 401(k) and workplace retirement savers: beginning in 2027, employees age 50 and over earning more than $145,000 at their current employer must make “catch-up” retirement contributions as Roth (after-tax) dollars—not pre-tax, as was long allowed. Some plans could roll out the change as early as 2026. For higher-income savers who are using these catch-ups to turbocharge retirement savings—and reduce taxable income—this marks a profound change.As I told CNBC for their article, time is of the essence: “Now is the time to work with your advisor or tax preparer to run multi-year tax projections.” That means taking a proactive look at your savings strategy over the next year or two. Should you accelerate pre-tax catch-up contributions before the rule change lands? Is it smart to start embracing Roth sooner, especially if you expect your tax rate to be the same or higher in retirement? These questions become especially critical for high earners who have limited access to Roth IRAs and need to be thoughtful about their tax diversification.The article underscores that catch-up contributions can make a real difference: in 2025, workers can defer up to $23,500 into a 401(k), plus $7,500 in catch-up at age 50+. Yet, data show that only about 16% of eligible participants actually use the catch-up feature—a figure skewed toward high earners. With the Roth requirement on the horizon, planning around your future cash needs and expected tax landscape has never been more crucial.Bottom line: Don’t just “set it and forget it.” Sit down with a professional and use this brief window to be intentional about where you save and how much you’ll pay in taxes later. Proactivity now—whether that means front-loading pre-tax savings or starting the Roth transition with a clear plan—will make all the difference once these rules go into effect. The new landscape calls for thoughtful coordination, not last-minute scrambling.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.As Seen On: InvestopediaCan You Retire Early on $750,000? The Real Answer is in the DetailsRetiring early with a $750,000 nest egg? For some, it can work—with careful planning, clear expectations, and a willingness to keep your spending within real-world limits.🎯As I shared with Investopedia, early retirement at age 60 with this amount is “doable for some—but only with strong planning, modest spending, and healthy doses of realism.” The wild cards? Lifestyle, healthcare, inflation, and where you plan to call home.Lifestyle, in fact, is the biggest swing factor. If you’re comfortable living on $30,000 to $35,000 a year, $750k could be enough. But if visions of globe-trotting or generous family gifts are in the cards, you’ll need a larger cushion. Healthcare looms even larger: without Medicare until age 65, private or ACA insurance for a couple can easily top $10,000–$20,000 a year—often becoming the single biggest unpredictable expense during those gap years. Add in where you live (high-cost cities can devour a modest nest egg) and what happens with inflation (even a one percent difference compounds over decades), and the “magic number” starts to look a lot less universal.One essential: stress-test your plan for a longer time horizon. The “4% rule” is a classic benchmark, but for early retirees, advisors are now recommending lower withdrawal rates—3% to 3.5%—to help your savings last for a retirement that could stretch 35 or 40 years. Social Security also requires smart timing: if you claim benefits at 62, you’ll get less, but it can help bridge the income gap; waiting longer can boost your monthly payout substantially, but means leaning more heavily on your investments to fill the void in the meantime.Bottom line: Early retirement with $750,000 isn’t impossible, but it’s not a one-size-fits-all plan. You'll need sharp budgeting, careful healthcare strategizing, and constant vigilance as reality—be it inflation, market swings, or health shocks—inevitably alters the landscape. Plan for less than perfect years and review your spending annually. And if the numbers seem tight, remember: tweaking your location, delaying retirement just a few years, or finding creative ways to supplement income can make all the difference. No matter how big your nest egg, the smartest move is to treat your plan as a living document—one that adapts long after your last day of work.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.On September 8, 1966: Star Trek Premieres—Where No Show Had Gone BeforeOn September 8, 1966, television carried viewers where few had dared to dream: the maiden voyage of “Star Trek” aired on NBC, launching the starship Enterprise and its crew on an uncharted mission “to explore strange new worlds.” Created by Gene Roddenberry amid a landscape of Westerns and police procedurals, Star Trek was a gamble—equal parts social commentary, science fiction, and speculative hope. The show’s original run lasted just three seasons; at the time, it flirted with cancellation, drew modest ratings, and was dismissed by many as too cerebral for mainstream tastes. Yet Roddenberry’s vision endured. What started as a cult favorite became a multibillion-dollar franchise, spawning movies, spinoffs, and a legacy of inspiring innovation. “Star Trek” proved that what feels risky, niche, or out of step with the crowd can re-shape the future when backed by conviction, adaptability, and a willingness to see beyond the status quo.Here are four lessons for Modern Investors from Star Trek’s improbable ascent:🚀 Sometimes Vision Outlasts VolatilityStar Trek didn’t dominate the Nielsen ratings or cash in quickly. Its real value was revealed only over time. For investors, the lesson is pretty clear here: a long-term perspective and deep conviction are often required before misunderstood assets, strategies, or ideas finally earn their keep. Ignore the day-to-day “ratings.” Focus on the core story as well as what and why you’re holding on for the long journey.🚀 Diversification Drives SurvivalThe “Enterprise” crew thrived on complementary skills—Spock’s logic, McCoy’s emotion, Scott’s engineering improvisation. If one system failed, another took over. Diversification in investing works the same way: a broad mix of assets, styles, and approaches helps portfolios survive sudden shocks, weird anomalies, or moments when the market seems downright alien.🚀 Embrace Calculated Risk—But Know Your ShieldsExploration is essential, but “Star Trek” also taught the importance of careful boundary-setting. The Prime Directive, shields, and “red alerts” preserved the mission when the unknown proved dangerous. In markets, innovative thinking is vital, but so are hedges and defined risk parameters. Chase opportunities—but always respect your safeguards and know what you’re willing to lose on any away mission.🚀 Adaptability Fuels LongevityThe original show was cancelled; the next generation (literally) adapted and thrived. Syndication, conventions, and an evolving cast kept Star Trek alive, relevant, and lucrative year after year. Investors must do the same: review strategies as conditions (or technologies) change, prune what no longer works, and keep searching for new frontiers rather than clinging doggedly to the past.A Final ThoughtWhen “Star Trek” launched, it wasn’t playing to win the ratings war of 1966—it was building a world that would matter decades later. In investing, just as in the future Roddenberry imagined, real legacy belongs to those who dare to look past today’s noise and chart a course committed to big ideas, calculated risks, and persistent adaptation. As the captain might say: set your investments to “explore”—but remember to keep Scotty on speed dial just in case.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #investopedia #startrek #starktrektheorignialseriesFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.On September 4, 1972, The Price Is Right Premiered on Daytime TV.American households tuned in to CBS for the first episode of The Price Is Right—a game show that would become a cornerstone of daytime television. Hosted by the endlessly affable Bob Barker, The Price Is Right wasn’t just about luck; it was about knowing the market, making calculated choices, and keeping your cool under pressure. Contestants bid to guess the actual retail price of everything from lawnmowers to luxury vacations, weaving basic economic sense with the drama of possibility. In its first decade alone, the show revolutionized the genre—proof that success isn’t always about dazzling innovation, but about doing the basics brilliantly (and with a bit of sparkle). Today, half a century later, The Price Is Right continues to thrive, teaching generations about the perils and potential of making decisions with incomplete information, and reminding us that sometimes “coming closest without going over” is the surest route to a win.Here are four lessons for Modern Investors from The Price Is Right’s enduring appeal:💲 Know the Real Value—Not Just the HypeThe central challenge of The Price Is Right is separating sticker shock from substance. Wise investors face the same dilemma: is that surging market—or that hot stock—worth the price you’re being asked to pay? Chasing trends or ignoring fundamentals (i.e., the “retail value” of a company or asset) can leave you at risk of overbidding. Discipline and research—not just enthusiasm—help ensure you don’t wind up paying more than an investment is truly worth.💲 Success Is About Edges, Not ExtremesOn the show, the winner is often the cautious participant—one who bids closest to the actual price without crossing the line. In markets, the same logic applies: risky bets and maximalist moves make headlines, but portfolios are built for stability. A diversified, measured approach (rather than betting the farm or chasing the penny stocks) tends to outperform wild speculation over time. Being “right enough” beats being wildly right one day and wrong the next.💲 Adapt on the Fly—But Keep Your AnchorContestants on The Price Is Right are constantly adapting—reading cues, watching competitors, adjusting their bids. Modern investors, too, need to stay agile: markets move, economic landscapes shift, and new information emerges daily. But don’t lose sight of your core strategy or let noise dictate every decision. Adaptability matters, but only if tethered to an anchor of sound principles and clear goals.💲 Enjoy the Game—But Don’t Be Ruled by EmotionThere’s plenty of cheering, heartbreak, and drama when that last price is revealed, but the best players—and the best investors—know the difference between excitement and reason. Emotional investing, like emotional bidding, leads to regret. Celebrate your wins, learn from the losses, and, as Barker himself would say, “help control the pet population”—in this case, the stray impulses that can wreak havoc on your portfolio.A Final ThoughtIn the end, The Price Is Right’s secret wasn’t just giving away new cars—it was making sound strategy entertaining and rewarding humility as much as bravado. In investing, as on the big stage, fortune tends to favor those who do their homework, respect the rules, and know when to leave room under the price tag. Next time you’re tempted to chase the next “showcase,” remember: true wealth is less about guessing correctly once, and more about playing the long game—wisely, patiently, and with a smile.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #CNBC #ThePriceIsRightFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On August 31, 1908, The Model T Rolls Out—Driving Innovation Into the MainstreamOn August 31, 1908, the world of transportation changed forever with the quiet debut of the first Ford Model T from Henry Ford’s Piquette Avenue plant in Detroit. But that iconic black machine—the “Tin Lizzie”—was the result of years spent battling skepticism and defying conventional wisdom. Automobiles had been luxury playthings for the wealthy, expensive and finicky contraptions that broke down as often as they ran. Roads were mostly rutted tracks, and the idea of the average person buying and operating a “horseless carriage” was somewhere between impractical and laughable. Yet Ford obsessed over one question: What would it take to put America on wheels? He pored over every bolt and bracket, insisting the car be durable, simple to fix, and cheap enough for a schoolteacher or a farmer to own. Meanwhile, Ford’s team, including the crucial input of people like Childe Harold Wills and Charles Sorensen, worked relentlessly to refine the design and the process. In the Model T, Ford fused vision with pragmatism—a car light enough for muddy farm roads, fueled by common gasoline, and built with interchangeable parts. Its real superpower, however, was Ford’s real gamble: building not just a car, but a revolutionary method of mass production. When the first Model T hit the street, dealers and detractors alike were split—could anyone really sell cars to the masses? The answer, soon echoed across continents and eras, would be a resounding yes. By the mid-1920s, more than half of all cars in America were Model Ts, and the world was changed forever—not only by a product, but by the idea that innovation, when democratized, can genuinely reshape society.Here are four lessons for Modern Investors from the Model T’s revolution.As Seen On: Fox & Friends ⬅️Helping Adult Kids: New Norm, or New Dilemma?🎯On Fox & Friends (click above to watch), I recently weighed in on the headline-grabbing phenomenon: parents saving not just for the college years, but planning to support their children well into adulthood. The catalyst? A Wall Street Journal story featuring parents stashing $1,000 a month, not for tuition, but as a launching pad for their daughter in her twenties and beyond. As I shared on air, there’s really no universal “right or wrong” here. The key for families is separating the emotional pull of wanting to help from the discipline required to protect their own long-term financial security.In our practice at Victory Independent Planning, with clients from coast to heartland, we’re seeing this “extended support” become part of the new normal. Nearly 60% of today’s parents with kids aged 18 to 34 report providing financial help—ranging from phone plans and home repairs to vacation costs. And while some might fret that this is new-age coddling, the numbers tell a more pragmatic story: since the 1980s, housing costs have quadrupled, medical care is up sevenfold, and college and child care aren’t far behind. Meanwhile, wage growth has barely nudged ahead of inflation. It’s no surprise the classic milestones—moving out, career, marriage, kids—have become far tougher to achieve: where 45% of young adults reached all four back in 1974, only 21% can say the same today.The other, often overlooked driver? How families save. A generation ago, parents with pensions rarely dipped into them for a child’s new roof; today, with IRAs and 401(k)s, the boundaries are blurrier (and the temptation greater). My advice on national TV matched what I tell clients: this is less about softness, more about responding to modern economic realities—just make sure your own financial future stays healthy, even as you lend a hand. Generosity is admirable, but so is planning with both head and heart.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #ModelT #Fox&FriendsFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On August 18, 1969, the Woodstock Festival’s wild finale concluded with music, mud, and mayhem.On that day, the last electrified notes of Jimi Hendrix’s feedback-soaked guitar drifted over a battered field in Bethel, New York, closing the curtain on what would become the most mythic festival in American cultural history: the Woodstock Music & Art Fair. Conceived by four young promoters as a modest, for-profit event in the Catskills—originally to raise money for a recording studio—Woodstock was supposed to sell 50,000 tickets and showcase a lineup of rising pop and rock acts. But by the time Richie Havens took the stage on Friday, 100,000 fans were already on site, and the trickle quickly became a tidal wave. By Saturday afternoon, fences had been flattened by the crush, roads were jammed for miles, and a relentless monsoon turned pastureland into a mud bog. The festival became, by accident and necessity, a free event. Supplies ran scarce; medical and security teams were woefully unequipped. Yet, in place of panic, something singular took hold: strangers shared food and dry socks, local farmers delivered milk and sandwiches, and music—performed through the wind and rain—filled the gaps where logistics failed. Woodstock was a living paradox: a logistical disaster that was simultaneously a moment of hope and harmony for a generation, forging a myth that outshone any commercial or practical intent. In its three days (plus Hendrix’s legendary Monday morning encore), Woodstock would become not just the headline of 1969, but a watershed in how America imagined itself—proof that chaos, at least for a weekend, could give way to community.Here are four lessons for Modern Investors from Woodstock’s muddy miracle:🎸 Plan for the Unexpected—Because the Unexpected Is ComingWoodstock’s organizers had plans and projections, but none of them accounted for 500,000 attendees, relentless rain, and vanished infrastructure. Modern investors, too, draft forecasts and targets, but the real world offers little respect for elegant plans. Market shocks, sudden corrections, and policy changes arrive unannounced. Like muddy festivalgoers trudging through the night, successful investors prepare for the unforeseen: they diversify, maintain emergency cash, and avoid becoming over-leveraged. The test isn’t whether your forecast is right, but how you respond when it isn’t.🎸 Crowd Euphoria Is Contagious—and DangerousThe spirit of Woodstock was irresistible. “You had to be there!” became a mantra. FOMO (fear of missing out) pulled people in from hundreds of miles away, often with little thought for the practicalities. Investors face the same crowd effect—chasing a surging market, meme stocks, or the latest must-have sector because everyone else is. Behavioral research calls it herd behavior: we assume safety or promise simply from numbers. But, as after Woodstock, when the euphoria passes, you’re left cleaning up—sometimes for years. Don’t let the crowd’s excitement override your discipline.🎸 Adaptability Beats PerfectionWhat turned impending disaster into an iconic memory was adaptability. With original plans blown, volunteers cooked for thousands, neighbors ferried supplies, and even the artists improvised sets from flooded stages. Markets don’t reward rigidity—they reward those who adapt when necessary. When your preferred asset class trips, a bout of inflation hits, or regulation shifts suddenly, the winners are those who can adjust mid-stride: rebalancing, revisiting goals, and deploying flexibility instead of doubling down on broken strategies.🎸 Remember the Mud—Not Just the MusicWoodstock endures in popular memory as a utopian moment, but the reality was messier: misery, shortages, and an aftermath that bankrupted the promoters. Investors, too, tend to romanticize their storylines—remembering only bull markets, forgetting the lean years and sleepless nights. This is recency and survivorship bias in action. Don’t let past glory or the highlight reel blind you to real risks or proper preparation. Resilient investors keep records of both the setbacks and the successes.A Final ThoughtWoodstock’s legacy was less about a flawless event and more about what people endured and how they improvised together. In markets as in life, the myth often outshines the mud, but our real legacy is built in how we cope with rain, crowds, and chaos. Next time you feel pulled by excitement, ask: do I have my poncho—and my plan—ready for when the music fades and reality sets in?Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.Why Men Need Their Own Retirement Rulebook: The 'Y Rule' ExplainedWhen it comes to planning for retirement, most of the headlines—and even much of the best financial advice—focus on the unique challenges women face. But what about men? As Kiplinger explains in “The Y Rule of Retirement,” men bring their own deeply ingrained money scripts and behavioral risks into the transition, and ignoring them can leave even the best-prepared “lone wolves” feeling lost.As I shared with Kiplinger, far too many men treat retirement planning (and investing) as another contest—pursuing top returns, trying to outsmart the market, or going solo until something goes wrong. This overconfidence may work in the boardroom, but when it comes to retirement, humility, openness, and seeking advice are your true allies. The stats back this up: men invest more aggressively and often delay asking for help, sometimes reaching out only after the journey gets rough.The “Y Rule” means recognizing the unique physical, emotional, and behavioral risks men face and adjusting your plan accordingly. That means, yes, having the courage to ask for help. It means building financial plans that consider your health, social connections, and how your decisions impact a spouse or loved one. As I tell my clients: your drive to compete got you far, but the real art of retirement is navigating uncertainty with flexibility, empathy, and a well-charted financial “glidepath.” Even the best explorers kept a map in their pack. There’s no shame in checking it before you head into new territory.If you’re transitioning into retirement or want an objective review of your plan, reach out. I’m here to help you approach this next phase with clarity, confidence, and the right support—so your “Y” years are both financially secure and truly meaningful.Full article HERE.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #WoodstockFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On August 13, 1908, the first modern Olympic marathon ended in dramatic fashion.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.The marathon at the London Olympics became one of the most famous (and chaotic) races in history. The race’s now-standard distance—26 miles, 385 yards—was set for the first time to allow the royal family a front-row view of the finish at White City Stadium. That day, Italian runner Dorando Pietri entered the stadium first, delirious from exhaustion. He collapsed five times, ran the wrong direction, and was finally helped across the finish line by officials—only to be disqualified for receiving assistance. The drama transfixed the world, and Pietri became a symbol of courage, heartbreak, and the fine line between triumph and disaster. The 1908 marathon proved that victory can be both hard-earned and fleeting, that rules and support matter as much as raw effort, and that enduring legacies may be forged by how we respond to setbacks instead of how we finish. The marathon—from its ancient roots to the modern games—reminds us that success requires pace, resilience, and sometimes, the humility to adjust mid-stride when the course or conditions demand.Here are four lessons for Modern Investors from Pietri’s problems:🏃‍♂️ Pace Yourself for the Long GameThe marathon is not a sprint. Dorando Pietri’s collapse teaches us that pushing too hard—chasing “hot” markets, betting big on flashy trades, or stretching for outsize short-term returns—can leave you vulnerable to burnout or loss. Setting a sustainable pace, diversifying your approach, and planning for the long haul drives more consistent outcomes. Periodic rebalancing, steady contributions, and rational withdrawal strategies win over emotional bursts of energy.🏃‍♂️ Rules and Structure Matter—Don’t Ignore the Fine PrintPietri’s assistance at the finish, though well-intentioned, violated the rules and cost him victory. For investors, ignoring tax rules, account structures, withdrawal requirements, or policy changes can turn a near-win into disappointment. Make sure your financial strategy is not only sound in substance, but also respects the rules of the game—whether that’s minimum distributions, contribution limits, or new regulatory realities.🏃‍♂️ Resourcefulness Under PressureWhat made Pietri’s run unforgettable wasn’t just his stamina, but his refusal to quit after each setback. He found ways to pick himself up, regroup, and press on creatively even when physically depleted and disoriented. For investors, success is rarely a matter of stubbornly sticking to Plan A; more often, it’s about sizing up obstacles, using what’s left in your “toolkit,” and making strategic, sometimes inventive, choices on the fly—whether that’s turning to a different asset class, tapping a cash reserve, or rethinking your goals when conditions shift. The road won’t always be straight, but resourcefulness often makes the difference between giving up and crossing the finish line.🏃‍♂️ The Power (and Pitfall) of Recency BiasPietri’s heroic—if painful—finish imprinted itself on memory, sometimes overshadowing the steady run of the actual gold medalist, Johnny Hayes. Investors too often let the most dramatic recent events (a crash, a meme-stock rally, a runaway bull) loom larger than years of progress. Recency bias can lead to chasing trends, excessive fear, or hesitation to invest after a loss. Instead, keep the bigger picture in focus: the long arc of steady progress, not just the drama at the finish line.A Final ThoughtThe 1908 Olympic marathon is remembered not just for crowning a champion, but for reminding the world that grace under pressure, transparent strategy, and practical resourcefulness define the real legacy. It’s not the stumble or the unexpected twist that settles your fate—but how you pace, prepare, and problem-solve when the course gets rough.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #OlympicsFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On August 5, 1914, the Panama Canal officially opened for international traffic.After more than a decade of engineering feats, deadly setbacks, and diplomatic maneuvering, the canal created a waterway linking the Atlantic and Pacific Oceans—a shortcut that slashed sea travel times by weeks and thousands of miles. Its first crossing—a U.S. cargo ship moving from New York to San Francisco—marked the dawn of a new era in trade, military strategy, and international cooperation. The canal’s construction had begun decades earlier under French leadership, but the initial attempt ended in financial disaster, rampant disease, and thousands of worker deaths from malaria and yellow fever. When the United States took over in 1904, it dramatically improved both the engineering plan—pivoting from a sea-level design to the now-iconic lock system—and public health measures, eradicating most mosquitoes and dramatically reducing disease. The canal’s completion not only demonstrated the power of international collaboration and medical innovation, but it also established Panama as a geopolitical crossroads and highlighted the ways infrastructure can change the course of history well beyond its original economic aims.Here are four Lessons for Moden Investors from the digging of the ditch:🚢 Infrastructure: Pay Attention to the “Hidden” EnablersThe Panama Canal didn’t manufacture goods or invent new products, but its impact on global trade was revolutionary. Many of the best investments—and most durable sources of value—are built on boring, overlooked infrastructure: systems, networks, and platforms that enable commerce. In your own portfolio or business, don’t ignore the “pipes,” logistics, or foundational technologies powering new growth. The most lucrative opportunities often come from supporting what everyone else relies on but takes for granted.🚢 Success Demands Flexibility and IterationThe canal wasn’t built according to the original French vision—and it wasn’t a straight-line project for the Americans, either. Success came from the willingness to change course midstream: changing the design from a sea-level canal to one using locks, tackling yellow fever through medical innovation, and scaling back or ramping up work when obstacles arose. In markets and life, the biggest breakthroughs rarely follow the first plan. Responding to new information, embracing course corrections, and being open to entirely different solutions is often what separates success from costly failure.🚢 Beware Sunk Cost FallacyThe French invested billions (in today’s dollars) before abandoning their failed canal attempt—falling for the “sunk cost fallacy” by throwing good money after bad, unable to cut losses early. Successful American managers learned from this: they restructured operations, killed ineffective practices, and pivoted when conditions changed. In investing, beware of feeling tied to a bad position or strategy simply because you’re already “too invested.” Sometimes, the wisest decision is to reroute when evidence demands it.🚢 Global Change Comes With Political, Not Just Economic, RiskThe canal’s opening coincided almost exactly with the outbreak of World War I—reminding everyone that breakthroughs can be overshadowed by political and geopolitical shocks. The canal’s operation and control would dominate diplomacy for a century. Investors and business leaders, too, must remember: innovations and big bets must be stress-tested against not just market cycles, but the unpredictable tides of regulation, war, and international policy.A Final ThoughtThe Panama Canal was a literal breakthrough—turning an impossible journey into a well-traveled path, bridging oceans, economies, and decades of ambition. For today’s investors, it’s a reminder that transformational opportunities are often messy, sometimes slow, and fraught with unexpected twists and turns.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#HistoryLessons #Planning #PanamaFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On July 30, 1969, the New York Mets completed an improbable sweep of the Chicago Cubs.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. The win sent the perennial losers into first place in the National League for the first time ever. Just a few years before, the Mets had been baseball’s cellar-dwellers—a team more famous for bumbling misplays than championship dreams. But everything changed in 1969: after a summer surge and that pivotal July sweep, the “Miracle Mets” continued their incredible run, ultimately clinching their first pennant and, in October, their first World Series championship. Their ascent transformed the narrative not just for the franchise, but for sports fans everywhere. The Mets proved that, with discipline, teamwork, and a bit of luck, even the biggest underdogs can rise to the occasion and rewrite expectations. “Ya Gotta Believe,” as the Mets’ rallying cry went, is still a touchstone for anyone aiming to defy the odds—in investing, business, or life.Here are three lessons for Modern Investors from the rise of the Miracle Mets: ⚾ Momentum Can Turn, But It Takes PersistenceThe Mets weren’t overnight sensations. They built confidence, roster depth, and chemistry over time before enjoying their breakout run. In markets, momentum can feel elusive, especially after periods of underperformance. But disciplined, consistent strategy—compounding small gains, learning from losses, sticking to sound fundamentals—can position you for dramatic change when opportunity appears. Stay in the game; sudden surges often reward those who persisted through lean seasons. It doesn’t really take a miracle. ⚾ Don’t Chase Hype—Spot Value Where Others Don’tThe 1969 Mets started the year with few believers; their roster was undervalued and overlooked. Investors often make the mistake of chasing “winner” stocks or following the latest headlines. But history shows that spotting overlooked value—stocks, sectors, or teams with untapped potential—can yield the biggest upsets. Dig deeper than surface stats, and be willing to invest in underdogs with room to surprise. The Mets’ midseason turnaround wasn’t just luck; it resulted from roster moves, tactical adjustments, and embracing new strategies as conditions changed. Markets, like sports, are unpredictable. Portfolios that hold up best are those built for adjustment—diversified, rebalanced, and ready to take advantage when new trends or leaders emerge.⚾ Cognitive Bias: Beware of Recency BiasIn July 1969, few thought the Mets’ hot streak would last—anchored as they were by years of watching the team lose. This is the recency bias in action: over-weighting recent disappointment (or euphoria) and ignoring the possibility of sudden change. Investors, too, can get stuck believing that today’s trend must be tomorrow’s. Remember: evidence can pivot quickly, and being open to change helps you recognize when it’s time to move beyond past assumptions.A Final ThoughtThe “Miracle Mets” of 1969 remind us that history is full of turnarounds—moments when the impossible becomes real for those who prepare, adapt, and don’t let old narratives limit new opportunity. Whether in the stock market, your career, or a favorite pastime, be patient, watch for unlikely winners, and don’t let yesterday’s results blind you to the promise of what’s ahead.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation #HistoryLessons #Planning #MiracleMets #BaseballFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On June 26, 1949, the Berlin Airlift ended.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.The world watched as the nearly yearlong act of logistical daring and political resolve came to a close. In the wake of World War II, Berlin stood as a battered symbol: an island of democracy deep within Soviet-controlled East Germany, divided among four Allied powers and increasingly hemmed in by Cold War tensions. In June 1948, Stalin’s Soviet regime blockaded all ground access to West Berlin, aiming to force the Allies to relinquish their hold. Suddenly, two million civilians and Allied personnel were cut off from food, fuel, and basic supplies. Confronted with the prospect of withdrawing or risking all-out conflict, the United States and Britain instead embarked on a nearly unimaginable rescue: they launched a massive airlift, flying round the clock through narrow air corridors to deliver everything from coal and flour to medicine and children’s candy. Amid dangerous conditions, mechanical breakdowns, and relentless pressure, Western pilots landed a plane every three minutes, summoning global admiration for what came to be known as “Operation Vittles.” By the time the Soviets lifted the blockade in May 1949, more than 2.3 million tons of supplies had been delivered on over 277,000 flights. The final scheduled flights ended that June, cementing the airlift as a defining victory for resolve, innovation, and the moral clarity of standing by a promise—even when the world order seemed at risk. The Berlin Airlift did more than save a city; it demonstrated the economic, logistical, and psychological power of refusing to let pressure break principle.Here are four Lessons for the Modern Investor from the Blockade of Berlin and the airlift that foiled it:✈️ Resilience in the Face of a “Blockade”The Berlin Airlift was born out of a total cutoff—no trains, no trucks, no bargaining table, just a city at the mercy of those holding the roads. Rather than panic, the Allies pivoted, mobilizing every resource to keep Berlin supplied by air. For investors, adversity or sudden “blockades” in markets (think: liquidity crunch, regulatory shifts, or a geopolitical crisis) require composure and creative problem-solving. Maintain contingency plans, remain flexible, and remember: some of the greatest successes are engineered under pressure, when the playbook must be rewritten. Resilience is not about avoidance—it’s about adaptation and consistency through the most trying circumstances.✈️ Sustained Effort Beats a Flashy ResponseThe airlift wasn’t a quick fix. It demanded relentless daily effort—thousands of flights, repairs, and careful landings into fog-shrouded runways for nearly a year. Markets, like logistics, reward discipline over impulsive bursts of action. Written investment plans, dollar cost averaging, and regular portfolio reviews are the boring but powerful equivalents of determined airlift sorties. Big market shocks grab headlines, but steady, systematic strategies often ensure survival—and eventual triumph—when volatility and fear are at their peak.✈️ Margins Matter—Prepare for Tight LandingsThe air corridors to Berlin were narrow and unforgiving, with pilots landing heavy-laden planes round-the-clock under marginal conditions. Many flights succeeded only because of precise planning, prudent fuel management, and careful risk assessment. For investors, this translates to respecting margins of safety—don’t stretch your risk budget to the edge. Maintain cash reserves, allow yourself buffer room in volatile markets, and protect your investments with prudent safeguards against the unexpected. Sometimes the “safe landing” is the best possible outcome when navigating uncertainty.✈️ Scarcity Forces Smart Resource AllocationThe Berlin Airlift was a dramatic, real-world lesson in the economics of scarcity and opportunity cost. With only so many planes, pilots, and slots on crowded runways, Allied planners had to make hard choices about what to fly in: a ton of coal or a ton of food? Medicine or machinery? Every decision to prioritize one vital supply meant something else was delayed or left behind. For investors, this underscores the importance of resource allocation—whether it’s cash, time, or attention, deploying resources where they yield the greatest return is central to success. And just as each flight had to be justified by its impact, every investment in your portfolio should be made with conviction, weighing not only potential gain but also what you’re giving up elsewhere. Scarcity isn’t just a limitation—it’s the discipline that sharpens focus and drives smarter choices.A Final ThoughtThe Berlin Airlift endures as a symbol of unwavering commitment, thoughtful improvisation, and the strength found in sustained, cooperative effort. The world marveled as planes kept coming, day after day, until the prize—freedom and self-determination—was won. In today’s economic landscape, where “blockades” and surprises are inevitable, the lesson is clear: don’t let temporary crisis dictate your resolve. Build for resilience, rely on consistent effort, protect your margins, and make every allocation count in a world of limits.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#Berlin #HistoryLessons #Planning #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On June 22, 1944, President Franklin D. Roosevelt signed into law the Servicemen’s Readjustment Act—better known as the GI Bill of Rights.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.As World War II raged across Europe and the Pacific, the country faced a massive challenge: millions of American servicemen and women would soon return home after years of total war. Memories of the widespread poverty and social unrest that followed World War I were still fresh, and policymakers knew that reintegrating veterans into civilian life would require more than parades and gratitude. What emerged was a piece of legislation that radically reimagined the nation’s promise to those who served. The GI Bill offered a suite of benefits that had never before been available to ordinary Americans—tuition and living stipends for college or vocational training, low-interest loans for homes and businesses, and a safety net of unemployment support. The scale and vision were unprecedented. In the years that followed, the GI Bill opened college doors to more than two million veterans, drove a postwar homebuilding boom, and effectively launched the modern American middle class. The law transformed not just individual lives, but entire communities—fueling suburban growth, expanding the higher education system, and laying the foundation for decades of economic mobility and innovation. However, the GI Bill’s success was not without its shortcomings. Discriminatory practices, particularly in the South, meant Black veterans were often denied the full benefits, barred from white colleges, and steered away from federally-backed home loans by redlining and Jim Crow laws. While the GI Bill expanded opportunity for millions, it also exposed the work left undone to make prosperity truly inclusive. Still, the long-term impact is hard to overstate: the GI Bill is widely credited with catalyzing the Golden Age of American growth, filling classrooms, neighborhoods, and businesses with new talent and energy, and setting a model for how bold investment in human capital can shape a nation’s destiny.Here are three lessons for the Modern Investors, courtesy of the GI Bill. 🎓 Investing in Education Pays Compounding ReturnsThe GI Bill made higher education accessible to entire generations, multiplying wages, innovation, and entrepreneurship over decades. For modern investors, the lesson is clear: investments in your own knowledge, skills, and adaptability are assets that yield exponential long-term growth. As Ben Franklin once noted, “An investment in knowledge pays the best interest.” Whether it’s formal education, learning new technologies, or staying up-to-date on financial trends, prioritizing lifelong learning builds a durable foundation for future wealth and resilience.🎓 Broad Access Creates Broad ProsperityThe postwar boom didn’t happen by luck—it was the result of expanding opportunity across the broadest swath of Americans in history. In investing, think inclusively: diversified portfolios—across sectors, geographies, and asset types—position you to benefit from a wide range of economic currents. Don’t concentrate your bets too narrowly; broad participation reduces risk and maximizes your exposure to new sources of growth.🎓 Plan for Transitions—Not Just the Status QuoThe GI Bill recognized that millions of families were re-entering civilian life and needed help navigating a major transition. In markets and life, big changes—career moves, retirement, inheritance, or economic shocks—require their own planning. Don’t just optimize for “normal times”; build flexibility into your portfolio and financial life so you’re ready when circumstances shift, whether by choice or chance.A Final ThoughtThe GI Bill was a leap of faith in the American experiment—a powerful bet on education and the long-term benefits of investing in people. Its story is a testament to how well-designed policies, or in our case, personal strategies, can foster intergenerational abundance when they combine vision, opportunity, and discipline.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#WWII #HistoryLessons #Planning #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On June 15, 1215, the Magna Carta was sealed at Runnymede near the River Thames in the English county of Surrey. England’s King John affixed his seal to the Magna Carta—a document that would become the cornerstone of constitutional governance in the Western world. At the time, it was a response to a crisis: a group of rebellious barons, fed up with heavy taxes and arbitrary royal rule, forced the king’s hand to agree to a list of rights and limits on his power. While the Magna Carta’s immediate effects were short-lived (King John renounced the charter within months, plunging England back into civil war), its symbolic power endured, later inspiring the development of parliamentary systems, legal rights, and the concept of inviolable property rights. The Magna Carta’s principles traveled far beyond medieval England. They echo in foundational documents like the U.S. Constitution, the Universal Declaration of Human Rights, and in modern debates over property rights, government accountability, and economic liberty. Its story is a lesson in how constraint, negotiation, and transparency can promote stability and prosperity over the long run.Here are four Lessons for the Modern Investor from the signing of the Magna Carta.📜 Set Clear Boundaries to Protect Your InterestsThe Magna Carta’s genius was not just in what it granted but in what it constrained. By clearly setting limits on royal authority and formalizing property rights, it reduced uncertainty, paving the way for commerce and investment. For investors, the lesson is clear: establish your own boundaries and rules through written investment policies, risk limits, and writing down your vision, values, and goals. Formalizing your process minimizes emotional decision-making and protects your interests when volatility strikes.📜 Accountability Fosters Trust and LongevityThe barons demanded that even the king be held accountable—not just to law, but to a council of peers. This idea, radical in its day, is central to good investing: holding companies, managers, and even yourself accountable. Seek out transparency. Don’t be swayed by hype. Trust, built on accountability, is what underpins both markets and relationships.📜 Adaptation is Key—Short-Term Change Can Spark Long-Term ReformWhile many Magna Carta clauses were quickly ignored or repealed, its long-term influence grew over the centuries as new situations demanded adaptation. Likewise, not every strategy you implement will work perfectly the first time. The best investors aren’t wedded to the past—they learn, adapt, and refine their portfolios when faced with new risks, regulations, or opportunities. Let early setbacks inform your next move, turning volatility into a source of wisdom.📜 Negotiate and Diversify Your Sources of ValueThe charter emerged from negotiation—a power struggle where neither the king nor the barons got everything they wanted, but each gained some assurance. In investing, you rarely achieve all your goals at once; prudent strategy requires negotiation between risk and reward, growth and safety. Don’t rely on a single “monarch” to prop up your entire portfolio.A Final ThoughtThe Magna Carta endures as a testament to the power of boundaries and accountability in creating stable and prosperous systems. While born from conflict and compromise, its legacy is one of gradual, transformative progress—proof that even imperfect beginnings can fuel long years of improvement.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#MagnaCarta #HistoryLessons #Planning #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On June 6th, 1944, the Allied Invasion of Normandy began. Initial landings were met with fierce resistance and heavy losses, especially at Omaha Beach. Yet by day’s end, the Allies had established a crucial foothold, opening a new front that ultimately led to the liberation of Paris and the defeat of Nazi Germany. D-Day’s legacy is one of strategy, preparation, partnership, and the courage to act boldly under immense uncertainty—qualities that resonate not only in history books, but in how we approach challenge and change.Here is the video I shot as part of the History Lessons of the Road series, from the Normandy beaches just before the 75th anniversary of the Day of Days.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#DDay #HistoryLessons #Planningt #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.In this episode, I’m joined by someone who knows a thing or two about navigating the unpredictable: Ian T. Brown. Commissioned in the U.S. Marine Corps in 2003, Ian earned his wings as a CH-53E Super Stallion helicopter pilot, flying missions from the deserts of Iraq and Afghanistan to the wide-open expanses of the Pacific. Along the way, he’s worn just about every hat the Corps has to offer—forward air controller, requirements officer, historian—each one giving him a unique vantage on decision-making under pressure.Ian’s intellectual flight path is no less impressive. He holds a bachelor’s in history from Saint Anselm College and a master’s in military history from Norwich University, and he’s put pen to paper for outlets like the Marine Corps Gazette, War on the Rocks, and Strategy Bridge. And now, with his first book, A New Conception of War, Ian delivers a deep dive into the shifting paradigms that have shaped—sometimes upended—the business of modern war. When not writing, he is a Wargame Analyst and host of the "Marine Pulse" Podcast. Whether you lead investors, companies, or combat teams, something in Ian’s journey—adaptability, courage, relentless curiosity—speaks to anyone trying to find clarity in the fog of uncertainty.So buckle up. Today we’ll talk OODA loops, strategic inflection points, and what it really means to lead when the rulebook is being rewritten in real time.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.🎯Patrick Huey is a small business owner and the author of two books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-Patrick-Hueys-booking-Page/historylessonspodcast#investing #investor #johnboyd #maneuverwarfare This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On May 24, 1869, the Transcontinental Railroad was completed.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. Though the ceremonial "Golden Spike" had been driven at Promontory Summit, Utah, just weeks before, it was in late May that the line’s final connections, public inaugurations, and unrestricted coast-to-coast service truly signaled the dawn of a new era. For the first time, one continuous ribbon of steel linked the Atlantic and Pacific—a feat that seemed unimaginable just a generation earlier. The dream of a railroad stretching from Omaha, Nebraska, to Sacramento, California, had long captured the country’s imagination, promising faster trade, safer travel, and a tangible binding of East and West. Making the vision a reality demanded unprecedented engineering skill: workers tunneled through the granite of the Sierra Nevada, laid track over arid plains and swollen rivers, and battled brutal weather and daunting logistics. The project called forth epic teamwork from a diverse workforce, including thousands of Chinese and Irish immigrants who toiled under grueling, often dangerous conditions. Beyond its technical challenges, the transcontinental railroad overcame enormous financial risk, bitter rivalries between railroad companies, and fierce debates in Congress about funding and routes. Yet the collective determination and ambition paid off: with the final link complete, settlements sprang up along the route, western cities boomed, and goods, gold, mail, and people could crisscross the continent in days rather than months. The transcontinental railroad didn’t just change maps; it shifted the arc of American opportunity, fueling one of the greatest periods of economic growth and national integration in U.S. history.Here are four Lessons for the Modern Investor from the completion of the Transcontinental Railroad.🚂 Connect for Long-Term GrowthThe transcontinental railroad was not simply a spectacular feat of engineering—it was the engine that drove market expansion and knit together the nation for generations to come. Modern investors can take a cue from this: invest in opportunities that open new markets, connect disparate sectors, or enable broader growth. In portfolios, look for holdings that bridge gaps—whether it’s technology enabling new industries, infrastructure supporting future needs, or companies building underlying platforms for the next wave of innovation.🚂 Be Ready to Endure Setbacks and DelaysThe path to completion was anything but smooth. Progress stalled countless times due to technical failures, extreme weather, supply disruptions, and political wrangling. For investors, this is a reminder not to abandon strategy at the first sign of difficulty. Market downturns, volatility, and unexpected detours are part of every long-term endeavor. Sticking to a well-considered plan, making measured adjustments when needed, and staying patient can position you to cross your own finish lines, even if the route takes longer than you hoped.🚂 Diversify Your Sources of StrengthSuccess required integrating capital, labor, and expertise from a wide range of backgrounds—skilled engineers, immigrant laborers, government financiers, and local entrepreneurs all played essential roles. In investing, diversification is more than a buzzword; it’s the proven method to manage risk and tap into the unexpected strengths that arise when different ideas, industries, and regions combine. Like the railroad, your financial “track” is stronger when supported by multiple beams.🚂 Invest in What Changes the MapThe legacy of the railroad isn’t just about efficiency; it’s about transformation. It redefined the geography of business, population, and imagination. For today’s investors, this means looking beyond incremental advances—seek out the innovations, companies, and themes that are redefining the boundaries of possibility, much as railroads did for 19th-century America. These bets may carry higher risk, but they’re also the ideas that can create generational value.A Final ThoughtThe completion of the transcontinental railroad bridged a nation—uniting distant coasts, transforming commerce, and forever altering America’s sense of what was possible. Its story endures as a reminder of the rewards born from bold vision, collective effort, persistence through setbacks, and investments that change the landscape.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#trains #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On May 18, 1980, Mount St. Helens Erupted.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. A quiet morning in southwestern Washington was forever changed by the explosive eruption of Mount St. Helens—the deadliest and most costly volcanic event in U.S. history. After more than a century of dormancy, the mountain stirred to life that spring: earthquakes rumbled, steam vents billowed, and a visible bulge grew on the north face, warning of pressure mounting below. Despite these clear signals, many underestimated the risks—some out of skepticism, others through familiarity with the mountain’s silence. At 8:32 a.m., a magnitude 5.1 earthquake rattled beneath Mount St. Helens, triggering the largest landslide ever recorded and unleashing a cataclysmic lateral blast. A massive swath of forest was flattened in seconds; the summit dropped by over 1,300 feet; and volcanic ash soared skyward, blanketing cities hundreds of miles away. Fifty-seven people lost their lives, including locals and scientists who, despite mounting evidence, stayed too close. In the aftermath, rivers choked with debris, landscapes were transformed, and the region became a remarkable laboratory for scientists and ecologists studying renewal and resilience. For all its devastation, Mount St. Helens offers a powerful story: risk is ever-present, but how we perceive and adapt to it can shape outcomes far beyond what we expect.Here are Four Lessons for the Modern Investor from the eruption of Mt. St. Helens. 🌋 Risk Homeostasis—How Perceived Risk Shapes BehaviorLeading up to the eruption, the visible signs of danger—steam, earthquakes, and a swelling mountain—didn’t have the same effect on everyone. Some people, accustomed to the mountain’s serenity, normalized the risk and discounted the threat. Others saw the warning signs and made conscious decisions to evacuate and take safety precautions. This is risk homeostasis in action: As described in the book History Lessons for the Modern Investor, humans self-regulate the risk they’re willing to tolerate, adapting their behavior as their perception of risk shifts. In markets, when volatility subsides or threats appear distant, investors naturally take on more risk, stretching for yield or neglecting hedges. But as perceived danger rises, they often scramble to reduce exposure, sometimes too late. The lesson? Cultivating a steady awareness of underlying risk, not just the risk you feel in the moment, can help you make level-headed, forward-thinking decisions rather than reactive moves when danger finally erupts.🌋 Have an Emergency Plan After the eruption, those who had prepared and acted quickly, keeping supplies at hand and routes in mind, fared far better than those who stalled or assumed the worst could never happen. The same principle applies to investors: having an emergency plan matters. This often means maintaining adequate liquidity and a clear cash reserve. When markets shake or personal emergencies arise, liquid assets buy you time and options, allowing you to avoid selling core investments at inopportune moments, or to take advantage of opportunities that others cannot. In behavioral finance, the simple act of preparation reduces panic, much as those who knew evacuation protocols responded more calmly under stress. Build your financial “emergency plan” before you need it.🌋 Adapt to Change and Seek RenewalFrom the lifeless blast zone sprang new growth—plants breaking through ash, wildlife returning in surprising abundance. Investors, too, must be ready to pivot in response to upheaval. Market corrections or economic disruptions aren’t just setbacks; they’re opportunities to reassess strategy, reallocate toward areas primed for growth, and let go of past approaches that no longer serve. Renewal requires courage to change direction and the discipline to look for value where others see only ruin.🌋 Learning in Crisis Leads to Long-Term StrengthMount St. Helens revolutionized the science of volcanology, leading to sophisticated early warning systems and better disaster preparedness. In investing, every bout of volatility or personal misstep is a chance to deepen risk awareness and refine your process. Those who reflect on what happened—and why—emerge better prepared for the next cycle, transforming hard-won lessons into a more robust strategy for the future.A Final ThoughtThe eruption of Mount St. Helens stands as both a cautionary tale and an inspiration. Risk is never absent—it just shifts, and our perception of it often lags reality. By understanding risk homeostasis, maintaining an emergency plan, remaining adaptable, and learning from adversity, investors can turn even the most seismic disruptions into catalysts for renewal and growth.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#mtsthelens #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On May 8, 1945, World War II ended in Europe as V-E Day dawned.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. Celebrations spilled joyously into the streets across Europe and North America as Victory in Europe Day—V-E Day—marked the official end of World War II on the continent. To understand the profound significance of this date, it’s important to revisit the hardships that led up to it: World War II was the most devastating conflict in human history, spanning six years and engulfing nations across continents. From the blitzkrieg in Poland, to the Battle of Britain, the siege of Stalingrad, the Normandy landings, and the final push across the Rhine, the war left behind staggering losses—estimates of more than 60 million people perished, entire cities were leveled, and societies were upended. Civilians endured occupation, rationing, forced labor, and constant fear, while soldiers and resistance fighters faced unimaginable danger to repel Nazi aggression and liberate occupied lands. When Nazi Germany finally unconditionally surrendered, it was not just a military victory—it was a collective sigh of relief after years of darkness and uncertainty. V-E Day brought an outpouring of joy, gratitude, and hope for renewal. Families and strangers alike thronged city squares in London, Paris, New York, and elsewhere—hugging, waving flags, and singing in spontaneous celebration. But alongside the relief, there was also an acute awareness of the challenges ahead: rebuilding ruined economies, restoring communities, healing deep wounds, and forging new frameworks of international cooperation to secure a lasting peace. The end of war, hard-won and dearly bought, marked both a moment of closure and the beginning of a new era, where vision and perseverance would be needed just as keenly as they were during the struggle.Here are Three Lessons for the Modern Investor from V-E Day:🎖️ Resilience Through Uncertainty Lays the Foundation for RecoveryThe Allied triumph in Europe happened because people held steady through adversity. Markets and life, too, are full of uncertainty and setbacks. During difficult times, it’s easy to be swept up in anxiety or the temptation to abandon your plan. But just as history rewards persistence and patience, so does investing. Staying focused on your long-term goals and not letting fear dictate your moves can help ensure you’re prepared not only to withstand rough patches but to benefit from the growth that so often comes after.🎖️ Working Together Amplifies Individual StrengthV-E Day was possible thanks to the coordinated effort of many nations coming together for a shared purpose. In investing, diversification is your coalition—spreading your portfolio across asset classes, sectors, and regions to weather all kinds of economic “battles.” Drawing on the knowledge of trusted advisors further strengthens your approach. When you join forces—whether that’s with professional advice or simply a more balanced strategy—you’re better equipped to face whatever comes next.🎖️ Transitions Deserve Reflection and HopeV-E Day marks not an ending, but a beginning: a time for gratitude for what’s been overcome, and a chance to thoughtfully chart the road ahead. As an investor, big moments—market rallies, downturns, or personal milestones—are invitations to pause, reassess, and renew your financial plans. As the architect of VE Day, General Dwight Eisenhower famously said, “Plans are useless. But planning is essential.” Embrace these transitions as opportunities to revisit your vision, incorporate new goals, and position yourself for growth as the world continues to change.A Final ThoughtV-E Day lives on as a warm reminder that, even after the most testing of times, hope and community can set the stage for renewal. Today, the same values of resilience, cooperation, and long-term perspective can guide us through economic uncertainty and change. Investing is not just about weathering the storm—it’s about coming together, planning for what’s next, and keeping an eye on the brighter future that follows.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️!Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#wwii #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

In this episode, I spoke with Mark Mustian, author of the recently released book Boy With Wings. What does it mean to be different? From Mark Mustian, founder of the Word of South Festival of Literature and Music and award-winning author of the international bestseller “The Gendarme,” comes the new Southern gothic novel, “Boy With Wings” (March 15, 2025, Koehler Books). About the book: Johnny Cruel is born with strange appendages on his back, frightening his neighbors and leaving him struggling to find a home. Johnny ends up in a “freak show” traveling the 1930s South, where he bares his back to onlookers who come to gape and fawn. Is he a horror or an angel? Should he hide himself to live his life? As Johnny comes to grips with his uniqueness, he embarks on a journey of love and finds the miracles that give our lives meaning. Mustian’s thrilling and emotional story of self-discovery is perfect for book clubs and fans of historical fiction.Sometimes being different is an advantage.In the world of investing, going with the crowd often feels like the safest option. Trends, hot stocks, and consensus ideas create a sense of comfort.But following the herd doesn't always lead to success._________________________________________________________________________ 🎯Patrick Huey is a small business owner and the author of two books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-Patrick-Hueys-booking-Page/historylessonspodcast#investing #investor #greatdepression #boywithwings This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On April 30, 1975, Saigon fell, marking the end of American involvement in Vietnam.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. The world watched as helicopters evacuated the last remaining Americans from the U.S. Embassy in Saigon, marking the end of the Vietnam War and the fall of South Vietnam's capital to communist forces. This event signaled the collapse of a two-decade-long military engagement and drew attention to the complexities of foreign intervention and nation-building during the Cold War. Saigon’s fall was both a sobering conclusion to the conflict and a turning point in redefining U.S. foreign policy. As nearly chaotic scenes of evacuation unfolded, the Fall of Saigon served as a cautionary tale about misjudged strategies, overextended ambitions, and the unintended consequences of protracted engagements. While devastating in scope, it also underscored humanity’s capacity for resilience in the face of profound loss—lessons that are as relevant to navigating complex geopolitical situations as they are to financial markets and creating financial plans. Here are 3 Lessons for the Modern Investor from the fall of Saigon. 🚁Avoid Overextension and Focus on Core StrengthsThe U.S. involvement in Vietnam reflected significant overextension, investing resources into a conflict where the goals became increasingly unattainable. For investors, this highlights the importance of focusing on the core of a portfolio and avoiding overexposure to high-risk or underperforming assets. Beware of overconfidence bias, where you believe you can control outcomes even in highly uncertain situations. Keeping your investments aligned with clear objectives and matching tactics can help avoid unnecessary risk.🚁 Adaptability is Critical in Changing ConditionsThe Fall of Saigon occurred despite enormous investment and effort—a signal that large-scale shifts may be inevitable when conditions change rapidly. Similarly, investors must remain flexible in the face of changing markets. Whether responding to economic downturns, policy shifts, or global disruptions (all of which have happened in the last month), staying adaptable and reassessing your strategy is crucial to long-term success. 🚁Resilience and Recovery Are KeyWhile the fall of South Vietnam was a significant loss, the human and economic recovery in the aftermath is one of history’s better moments. American and Vietnamese relations were normalized in 1995, and the countries have continually renewed their commitment to strengthened cooperation over the last thirty years. For investors, this is a reminder that market downturns or economic shocks, while painful, can offer recovery opportunities for those who remain disciplined. History shows that resilience—whether on the battlefield, at the peace table, or in the markets—is an essential element of success.A Final ThoughtThe Fall of Saigon marked the end of an era. For investors, these lessons emphasize the importance of managing risk, adjusting strategies to changing conditions, and maintaining a long-term perspective even in uncertain times.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.History Lessons for the Modern Investor | Economic Trends & Market Insights Explore the past to make sense of the present! This playlist breaks down key historical events and their impact on today’s financial markets. From understanding inflation and interest rates to analyzing the 10-year Treasury yield, we connect the dots between history and modern investing. Learn how figures like Elon Musk influence the economy, what past trends say about today’s economic calendar, and even answer questions like "Where is my tax refund?" and how tax refunds affect consumer spending. Stay ahead of the curve by using history as your guide to smarter investing!This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️! Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation 🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#vietnamwar #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

On April 25, 1953, James Watson and Francis Crick published their groundbreaking discovery of DNA's double-helix structure in the scientific journal Nature.Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work. A pivotal moment in history, Watson and Crick unlocked the secrets of genetic coding, marking the dawn of modern molecular biology. The revolutionary breakthrough was made possible not just by Watson their work, but also by contributions from scientists like Rosalind Franklin, whose X-ray diffraction images played a critical role in revealing DNA’s structure. The discovery of DNA’s double helix transformed science and medicine, paving the way for advances in genetic research, biotechnology, and personalized medicine. It opened doors to understanding heredity, diagnosing genetic conditions, and even creating new fields like genomics. Importantly, this achievement serves as a reminder of how collaboration, curiosity, and scientific perseverance can lead to paradigm-shifting breakthroughs.Here are 3 Lessons for the Modern Investor from the genetic code:🧬 Innovation Drives Long-Term GrowthThe DNA discovery illustrates how forward-thinking innovations can transform entire industries. For investors, identifying opportunities in emerging technologies—such as biotechnology, artificial intelligence, or renewable energy—holds the potential for long-term returns. Breakthroughs don’t happen overnight, and as we’ve seen recently with AI they can be volatile. But staying aligned with sectors that prioritize research, development, and innovation can deliver compounding benefits over time. The key is to identify companies and industries that are likely to shape the future and invest accordingly.🧬 Collaboration Enhances ResultsThe discovery of DNA's structure was the result of teamwork among scientists across disciplines who shared data and expertise. For investors, this highlights the importance of collaboration in financial decision-making, utilizing advice from advisors to create a diversified investment portfolio that can serve the same function as a collaborative effort—spreading risk and effort to achieve better results.🧬 Patience Leads to BreakthroughsCracking the mystery of DNA required years of persistence and incremental progress. Similarly, successful investing often requires patience and a long-term view. Behavioral finance warns of short-term bias, where investors may feel compelled to chase immediate returns at the expense of long-term goals. Much like scientific discovery, building wealth is a process that rewards consistent effort and disciplined strategy over time.A Final ThoughtThe discovery of DNA’s double-helix structure remains one of the most transformative scientific achievements of the 20th century, unlocking countless advancements that continue to shape the world. For investors, its lessons extend beyond science: innovation, collaboration, and steadfast patience are all principles that can inspire financial success.Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.History Lessons for the Modern Investor | Economic Trends & Market Insights Explore the past to make sense of the present! This playlist breaks down key historical events and their impact on today’s financial markets. From understanding inflation and interest rates to analyzing the 10-year Treasury yield, we connect the dots between history and modern investing. Learn how figures like Elon Musk influence the economy, what past trends say about today’s economic calendar, and even answer questions like "Where is my tax refund?" and how tax refunds affect consumer spending. Stay ahead of the curve by using history as your guide to smarter investing! This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️! Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation 🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#DNA #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com

Thanks for reading History Lessons for the Modern Investor! Subscribe for free to receive new posts and support my work.On April 11, 1970, Apollo 13 launched from Cape Kennedy on what was intended to be NASA’s third mission to land humans on the Moon. The spacecraft carried astronauts Jim Lovell, Fred Haise, and Jack Swigert, and spirits were high as mission control prepared for another successful lunar landing. However, just two days after liftoff, the mission dramatically turned when an oxygen tank in the service module exploded. The explosion crippled the spacecraft, leaving it with limited power, water, and oxygen supplies and rendering the planned Moon landing impossible. Astronaut Jack Swigert’s calm declaration to ground control—“Houston, we’ve had a problem”—became one of the most famous phrases in space exploration history. What followed was a crisis management effort of monumental proportions. Mission control in Houston worked tirelessly to improvise life-saving solutions to problems like rising carbon dioxide levels and dwindling energy reserves, all while guiding the crippled spacecraft safely back to Earth. Against all odds, the astronauts splashed down safely in the Pacific Ocean on April 17, 1970. Though Apollo 13 failed in its initial goal to land on the Moon, the mission became a triumph of human ingenuity, resourcefulness, and teamwork, forever remembered as “a successful failure.”Here are 3 Lessons for Modern Investors from a successful failure in space. 🛰️ Flexibility in Times of CrisisWhen the oxygen tank exploded onboard, NASA’s focus immediately shifted from completing a Moon landing to ensuring the astronauts' survival. This quick pivot highlights the importance of staying flexible when original plans fall apart. Similarly, investors must be willing to pivot when financial markets or economic conditions change drastically. Whether it’s a sudden recession, new regulations or tariffs(!), or an unexpected geopolitical event, clinging to rigid strategies can increase vulnerability. Behavioral finance reminds us of anchoring bias, where individuals fixate on prior goals or conditions rather than adjusting to the reality of the moment. Thinking ahead, embracing new options, and staying open to change can help turn a tough situation into an opportunity.🛰️ Resourcefulness is an Essential SkillThe engineers working to save Apollo 13 had to think creatively and maximize the limited resources available on the spacecraft. Their success demonstrates the importance of being resourceful under pressure, a mindset that’s equally relevant to investing. Resourceful investors look for opportunities even in a challenging environment—like reallocating funds into more stable income-generating assets during market turbulence, taking advantage of tax benefits, or adjusting retirement plans based on evolving conditions. By rethinking existing tools and leveraging available resources, investors can pivot to new realities and build strategies that endure over time.🛰️ Risk Mitigation is as Important as GrowthThroughout Apollo 13’s harrowing ordeal, the focus was on managing scarce resources—oxygen, water, and energy—to avoid setbacks that could jeopardize the astronauts’ return. For investors, this is a reminder (as if we needed one right now) that protecting portfolio stability is just as vital as pursuing returns. Risk management tools, like diversification, emergency cash reserves, and defensive asset allocation, ensure that portfolios can withstand sudden market shocks. Apollo 13’s story teaches us that long-term success isn’t about ignoring risk; it’s about anticipating challenges and being prepared for them.While the mission didn’t fulfill its initial goal, Apollo 13’s improvised success became a lasting testament to human ingenuity. Adjust your strategy to shifting conditions, maximize the tools and resources at your disposal, and apply a disciplined focus on protecting against unforeseen risks. No problem, right?Thanks for reading History Lessons for the Modern Investor! This post is public so feel free to share it.History Lessons for the Modern Investor | Economic Trends & Market Insights Explore the past to make sense of the present! This playlist breaks down key historical events and their impact on today’s financial markets. From understanding inflation and interest rates to analyzing the 10-year Treasury yield, we connect the dots between history and modern investing. Learn how figures like Elon Musk influence the economy, what past trends say about today’s economic calendar, and even answer questions like "Where is my tax refund?" and how tax refunds affect consumer spending. Stay ahead of the curve by using history as your guide to smarter investing! 🚀📈This episode is sponsored by Victory Independent Planning. Ready to take the stress out of your retirement? At Victory Independent Planning, we put you on the right trajectory with our exclusive VIP Retirement Glidepath™️! Schedule an assessment now: https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation 🎯Patrick Huey is a small business owner and the author of three books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University. Patrick previously served as a Naval Flight Officer from 1996-2005, earning the Strike Fighter Air Medal during combat operations and two Navy Achievement Medals. 👉🏻 Reach him at 877-234-8957 or schedule a time to talk using this link:https://freebusy.io/victoryindependentplanning-VIP-Booking/phone-consultation#nuclearpower #HistoryLessons #RiskManagement #LearnFromHistoryFollow along for more insights, strategies, and reflections. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hl4tmi.substack.com