Buffetts Alpha
How much leverage did Warren Buffett use, and how good is he at stock picking?
Read MoreWe've all been told. We all know. We have no excuses.
Global climate change and destruction
We have all been told, we all know what to do, we don’t have any excuses.
What are you doing? What am I doing?
Read MoreAdvice for a 21 year old man?
Advice for a 21 year old man?
Read MoreBrad Delong asks how leveraged should we be in the S&P 500?
How about 2X leverage int eh S&P 500?
Read MoreOn the internet, stores comparison shop you.
On the internet AI comparison shops you.
Read MoreBook review - Risk Savvy by Gerd Gigerenzer
Gerd Gigerenzer develops the idea of rules of thumb and fact sheets to help in decision making. The most interesting distinction is when to use rules of thumb and gut instinct - when complexity is highest, and when to use complicated mathematics - when the most is known. My review is below.
Read MoreOur new fangled Library of Alexandria: Mr Money Mustache.
If only there was some way to access the worlds knowledge in a handy portable device....
So one thing I want to do here is collect other peoples wisdom in one place, so we don't all have to go google it ourselves every time. Self help books often give lots of good advice, mixed in with even more advice that kind of dilutes it all, or perhaps just sounded sexy enough that someone might just buy the book.
When I was a child, people would say things like "If your so smart, why aren't you rich?" Its a good question, and now we all have a connection to the worlds knowledge in our pockets. So why aren't we all rich. Well historically speaking we all are if you compare us to caveman, but I think a better answer is that we haven't read enough Mr Money Mustache (Meet him here). There is a lot there, but how about starting with three pages: 1. An illuminating graph about the amount you save and invest as a percentage of your take home pay, and how long before you don't need to work anymore (although you might want to if it is fun). Note the difference in time to "do what you want" from saving 15% (43 years), 30% (28 years) and 45% (19 years). Second he promotes the magic of bicycles, which are just amazing. Finally, you should see the talk "How to be happy, rich and save the world" MMM gave, to get fully committed to this idea that money is far more powerful, and can be used far more efficiently than we do in everyday life.
