One podcast I frequently listen to is Tim Ferris. He always has interesting guests and he is a fantastic interviewer. One question that he often asks his guests is: if you could teach any class to eighth or ninth grade, what would it be and why. A lot of the highly successful, intelligent folks on Read more about Personal Finance 101[…]
In June, the chairwoman of the Federal Reserve, Janet Yellen, held a press conference after the two-day meeting of the Federal Open Market Committee (FOMC) meeting. The big announcement was that they left interest rates unchanged. The market yawned, fully expecting this. The talking heads, however, needing to fill air-time, arm chair quarterbacked it like true professional spectators. “What about this Read more about Stop Hatin’ on Janet[…]
I have heard a lot of talk about this John Oliver clip and finally just got around to watching it. I have seen this most often on Twitter, most often accompanied by a headline such as, “John Oliver eviscerates the retirement industry” or the even more dangerous “Oliver tells you why your 401k is ripping you Read more about What is Really Killing Your Retirement?[…]
It’s that time of year again, where we see all sorts of famous people tell the graduating class of 2016 to follow their dreams. These speeches, while often motivational, funny, and uplifting, seldom offer firm advice on how to work in the world. A wonderful exception is Charlie Munger’s commencement speech to the graduating class Read more about The Kraken Commencement Address[…]
Notes on The HEAD Game: High-Efficiency Analytic Decision Making and the Art of Solving Complex Problems Quickly by Philip Mudd When is the last time you had to make a big decision? When did you last have to act on incomplete or vague information? Most professional service careers require the ability to make decisions based on Read more about How to Think Like a CIA Analyst[…]
The old adage Sell in May and Go Away suffers from one fatal flaw and several minor ones. If you are anywhere near the investment world I am sure you have heard it. “Sell in May and Go Away” History shows that markets do not perform as well in the summer months as they do in Read more about Sell in May and Go Away? You Might as Well Pick Red or Black[…]
What Makes the “Smart” Money so Dumb? Hedge – def: an investment to reduce the risk of adverse price movements in an asset. Fund – def: a supply of capital belonging to numerous investors that provides a broader selection of investment opportunities, lower fees, and greater management expertise than investors might be able to obtain Read more about Why Following Hedge Funds is a Terrible Investment Strategy[…]
The terminators from Skynet, the agents of the Matrix, the Decepticons…Hollywood has done a good job portraying artificial intelligence (AI) as an existential threat to the human race. The scary thing is that this idea may not be purely science fiction. In fact, many leading technologists today seem to share the concern that at some Read more about Will Artificial Intelligence End the Human World?[…]
Like millions of Americans, I was sad to see the Mythbusters show go off the air this year. I’ve been watching them since the very beginning and was thrilled over the past couple years to see my kids get into the show. If you are unfamiliar with the setup, they take common urban myths and Read more about Myth Busting the Wealth Management Industry[…]
Donald Trump’s Economic Consequences The phenomenon of Donald Trump is something that we have not seen before in American politics – A professional promoter and reality television star who has enthralled a portion of the nation and gained more traction than anyone thought possible. While he makes headlines with some of his more outlandish statements, Read more about The Economic Consequences of the Donald[…]