Category

Investing

FIREInvesting
26 September 2018

The 7 Stages of Financial Independence

Joshua Sheets' 7 stages of financial independence. I could expand these out even further and I might do that sometime. I also think the stages oversimplify because wealth isn't linear and you can straddle multiple 'stages' at the same time. Regardless, it's that simplicity that…
Investing
25 August 2018

The Perfect Business – Dow Theory Letters

First published in the early 1970s, in the Dow Theory Letters and updated in 2014. A 12-point checklist for the perfect business. Some Highlights. The ideal business... (2) offers a product which enjoys an "inelastic" demand. Inelastic refers to a product that people need or…
Investing
21 August 2018

Getting Rich vs. Staying Rich

Morgan Housel on Getting Rich vs Staying Rich. Some highlights... Everything in the economy is cyclical. Nothing great or terrible is likely to stay that way for long, because the same forces that cause things to be great or terrible also plant the seeds to…
Investing
19 August 2018

Saving is For the Poor, Investing is For the Rich

If Total Assets * Expected Annual Return > Expected Savings this means your investments are earning you more than you are saving, so you should focus on your investments. However, if you can feasible save more than your assets can earn you in a year,…
Investing
19 August 2018

Let Me Convince You To Save Money

Past a certain level of income, what you need is just what sits below your ego. Everyone needs the basics, and once the basics are covered there’s another level of comfortable basics, and past that there’s basics that are both comfortable, entertaining, and enlightening. But…
Investing
13 August 2018

How The Economic Machine Works

An unconventional approach to economics that helped Ray Dalio anticipate (and side-step) the global financial crisis. When you understand that the economy is nothing more than the accumulation of all human transactions, it becomes fractal. Dalio explains the economy in terms of 3 forces – Productivity Growth,…
Investing
13 August 2018

Wealthy people are obsessed with money

Wealthy people claim they don’t think much about money. That’s bullshit; they are obsessed with money. The notion that rich people don’t think about money is an attempt to dampen resentment (e.g., revolution) from the 3.5B people who have fewer assets than the wealthiest 12…