Over the past 18 months or so I’ve become a huge fan of Nassim Taleb. He got me by discussing Frederic Bastiat, of course. But a lot of wonderful writers cite Bastiat and they don’t challenge me the way Taleb does. It’s his worldview which has me hooked. So, I figure I’m just going to … Read moreRandom Quotes From Nassim Taleb’s Writings
In never ceases to amaze me that when it comes to discussion about retirement, advisors and clients alike overlook the most important issue; whether or not there is a mortgage. Why do I say this is the most important issue? Well, simply look at this study from the Bureau of Labor Statistics (BLS): “Housing was … Read more#1 Thing To Do For Retirement Happiness
I had an epiphany of sorts last night I’ll share with you that is a real world illustration of the economic theory behind comparative advantage. My wife is going to need to start using our basement exercise room, so I bought a dumbbell rack to get my dumbbells off the ground and organized. The problem, … Read moreHow To Maximize YOUR Comparative Advantage
Apparently Seattle has gone fully insane. Look at this picture. The price of Gatorade has increased almost 100% because of the new ‘tax’ on sugary drinks. So, think about this for a second. What are the unintended consequences of this tax? I’ll wait here while you digest this. If you said people will drink less … Read moreProhibition=Crime (Remember Eric Garner)
About ten years ago, I came across the book “Spend Till The End” by Boston U. economist, Larry Kotlikoff, and well known financial writer, Scott Burns. From the first page, I was immediately enthralled. They challenged everything, and I mean EVERYTHING, we’ve been taught to believe about financial planning. Now, be advised, I’ve always been … Read moreBest Financial Planning Book You’ll Ever Read
One of the benefits of sitting in Atlanta traffic is that I get to listen to a million different podcasts. A podcast my brother introduced me to was that of Malcolm Gladwell. You may be familiar with Gladwell from his popular book “Outliers” or his Washington Post reporting. His podcast is fantastic. I highly recommend … Read moreRefugees to the US Prove Your Personal Experiences Will Bias You
See that picture? That is a Kill A Watt, which you plug into a typical outlet and plug into it your electronic device. What does the Kill A Watt show? How much energy you are using for various devices. Why am I showing this? Because last year I invested in an electric, battery operated lawn … Read moreAn Electric Lawn Mower Will Save You Money
On my way to the gym on a cold, New Hampshire afternoon I came across the amazing Singapore ship, Strategic Alliance, docked in the Portsmouth port. This ship is here to deliver tons upon tons of sand for people in New Hampshire and Maine to put on the roads during a nasty ice storm. … Read moreSolar Panels Can’t Do This! International Trade Can Only be Conducted With a High Density Energy Source.