Become financially independent
Ralph Wanger was founding manager of the Acorn Fund. At the helm between 1970 and 2003 he averaged returns of 16% versus 12% for the S&P 500. He wasn’t only a great investor, but a witty writer.
He once said the stock market was like a man walking his dog in New York City. The walk was always the same: start at Columbus Circle, stroll through Central Park, and end at the Metropolitan Museum...
Everyone knows you’re supposed to have an emergency fund. You get laid off, break an arm, the refrigerator quits. These things happen, sometimes all at the same time, and so personal finance experts recommend having up to six months living expenses set aside in cash.
But isn’t this advice only for people grinding it out, working and living paycheck to paycheck? In that situation having cash tucked away is smart. There’s no need to...
Imagine taking a six-hour flight from New York to Los Angeles, but right before taking off you learn the airline has a new policy: Reclining your seat is negotiable.
This poses two questions: First, how much are you (the recliner) willing to pay the person behind you (the reclinee) in order to push your seat back four inches? Second, what does your legroom cost the reclinee?
Researchers ran an experiment and found...
I’m turning 40 this month, which got me thinking: why not share how to make the most of your 30s.
What qualifies me to do this? I spent most of my younger years horsing around, focusing on the wrong things. And isn’t that the very worst thing about a life, wasting it?
Today, sitting here typing this, what I’m most proud of is the life I’ve created. It took years to...
When you’re about to do something for the first time it’s scary because it’s unfamiliar.
A few years ago I was asked to be a guest on a popular podcast and because you’ve never been a guest on a popular podcast your gut reaction is to say no.
This is just your brain telling you that you’ve never done this thing before, and then it crafts seemingly rational excuses for why you can’t do the thing.
But if there’s one lesson I’ve learned over the past...
