Become financially independent
A scorpion asks a frog to carry it across a river.
The frog hesitates, afraid of being stung, but the scorpion argues that if it did so, they would both drown.
Considering this, the frog agrees, but midway across the river the scorpion does indeed sting the frog, dooming them both.
While drowning, the frog cries, “But why?!”
Replies the scorpion, “It’s in my nature.”
Just like the scorpion, it’s in our nature to do what humans do. For...
Writing is mostly staring out the window. Spend enough time sitting there, staring at a blank page, and you get bored enough to start pecking away at the keyboard.
And the most gratifying aspect of stringing words together is the potential to change someone’s life. Think about that. You can probably rattle off some books that caused some profound change in the way you look at life.
That’s why my inbox is the lottery. I never know if an unread email is a winning...
Markets crash. On average, the market falls 10% once a year, about 20% every four or five years, about 30% every decade, and 50% a few times during your lifetime.
I used to think weathering market downturns should be easy. The market always recovers and reaches new highs. As Charlie Munger puts it:
“You can argue that if you’re not willing to react with equanimity to a market price decline of 50% two or three times a century, you’re not fit to...
Have you heard the story of Grace Groner?
She attended Lake Forest College, in Illinois, and after graduating in 1931 took a job at Abbott Laboratories, where she worked as a secretary for four decades.
In 1935 she bought three shares of Abbott stock for $60 each. Over the years the shares split many times, and she always reinvested any dividends.
Groner lived simply: buying clothes from garage sales, walking rather than owning a car, and living...
It’s Sunday morning, and every Sunday morning I walk down the street to this meditation center to sit and meditate for an hour.
You might remember that time I went to a 10-day silent meditation retreat. When I got back I was meditating two hours every day, because that’s what the instructor told us to do.
Well, you can probably guess that meditating for two hours a day doesn’t last very long unless...
