The myopia of compound interest
Compound interest is magical! But there’s a myopia that surrounds it, too. The magic of compound interest is something many financial gurus like to talk about. The Barefoot Investor is one of them. Below...
Category: Defining Wealth
Invest in friendship
“Every so often you meet someone from your tribe. And the trick is, when you do, to know that person all your life.” This scene, staring Carrie Fisher as a guest star in Ellen (the sitcom,...
Buy experiences, not things??
“To be happy, buy experiences, not things.” It’s a simple slogan. And it certainly seems compelling. I’ve seen it repeated many times in recent years, and I’ve been guilty of saying it as well....
The most important assets can’t be found on a balance sheet. (An ode to resourcefulness)
I have tremendous faith in resourceful people. If there’s one thing that working as a financial adviser has done for me, it has affirmed this faith, again and again. Something I’ve observed is that...
A different perspective on health and wealth
Do I contradict myself? Very well then I contradict myself, (I am large, I contain multitudes.) -Walt Whitman, “Song of Myself” We have different “people” inside of us. For example, there’s a part...
Warren Buffett’s most important lesson
Warren Buffett is an interesting cat. He has long been one of the richest men in the world, and people love to quote him about investing. I’ve done it myself. I think there’s a lot...
Eat, drink, and be merry – for tomorrow we die
(Warning: meandering thoughts. No immediate, actionable takeaways compared to most other articles on this blog. Perhaps a bunch of rationalisations as I try to live less for the future and enjoy the present.) One...
Parents can help out their children by underwriting risks
Parents like to help out their children. More broadly, family members like to help out family members. It’s kind of a silly thing to say because it’s so obvious. But the fact that’s the...
The median is not the message
One of my best friends was recently diagnosed with lung cancer. Among other things (including reevaluating my own life and my values and priorities), this prompted me to re-visit an article by Stephen Jay...
“Living doesn’t cost much, but showing off does”
One of my favourite books is Spent by Geoffrey Miller. (In some editions it was titled Must-Have.) The book has probably saved me thousands of dollars, and might even save me hundreds of thousands of...
