I don’t own a car anymore, and so I’ve been riding a 12-year old bike. It takes a lot for me to buy anything.
Like I’m writing this on a two-year-old laptop, which replaced a laptop that was six years old, which replaced a laptop that was six years old.
I’ve been wearing the clothes in my closet until they’re worn out, and then not replacing them. I’m down to just a few pieces of clothing.
It’s not about living like a monk, or being...
What’s the first thing you’d do if you won the lottery? Like anyone posing with a door-sized check says, “I’m quitting my job!”
That’s why I really admire anyone who loves what they do, who can sit there doing the same thing for half a century, because in reality 85% of people hate their job. So while lottery tickets are one way to escape the rat race, isn’t there a more practical strategy?
Well, I can tell you like 99% of...
A small part of my investment portfolio is an index fund tracking “the market”, and apparently I’m not alone.
Over the past few years trillions of dollars have flowed into index funds as people realize highly paid professional money managers seldom beat the market.
Bill Mann, after spending eight years running active funds, explained why that’s a difficult task:
“Fund managers are under pressure to be predictable by showing low tracking error, which essentially means funds have to try to beat their...
A friend called me up scared. They’ve spent the past 20 years working to pay off student loans, buy a house, raise a family, and so saving for retirement wasn’t a priority. “Where do I start?”
It was a good reminder: it’s easy to forget how confusing and daunting investing is when you’re getting started. Which reminds me of a story about a guy who had $100,000 to invest.
The first thing he did was buy 20 stocks, putting $5,000 into each. But then...
As a kid in the ’80s and ’90s I remember begging my parents to buy VHS copies of Terminator and Predator. Who didn’t love Arnold Schwarzenegger?
It’s easy to forget he got his start bodybuilding. That it was only after winning seven Mr. Olympia titles he wanted to be an actor, and it was only after becoming a bonafide action-film superstar he wanted to be governor.
I’m thinking nobody has three huge careers because it’s the safe path through life, and so he must have...
