Have you heard about drownproofing? It’s a training exercise used by Navy SEALS. Your feet are tied together. Your hands are tied behind your back. Then you’re pushed into a swimming pool. Yikes. So what happens when you’re tied up and pushed into deep water? The natural reaction is reaction. You thrash around trying to [ ]
What’s the best country to live in? Ask 10 different people and you get 10 different answers. It’s like asking, What’s the best investing strategy? There’s no right answer. No wrong answer. Just different answers. A function of who you ask. A stock picker says stock. A realtor says rental property. An indexer says an [ ]
When you’re young you often take big dumb risks. You just don’t know it at the time. Most times you don’t get hurt. Hopefully, as you get older, you realize this. That just because you didn’t get hurt doing something dumb doesn’t mean you didn’t take a big risk and get away with it. When [ ]
I walked into a tattoo shop down the street to get my first tattoo. It was going to say memento mori. In latin: Remember you will die. It’d be a permanent reminder that time is precious. Nobody working in the shop says anything to me. I sit down and start leafing through those books of [ ]
Someone with a high-paying job tells me their job is stressful and they want to do something fulfilling. I’ve spent the last decade of my life investing in my skills, and finally landed a six-figure job. To my despair, it means nothing. I’m paid the same as my peers who prefer to do as little [ ]
Maybe the biggest mistake investors make is buying shares of Apple or Zoom or whatever and then hoping the price goes right up. It s why you sometimes hear that the stock market is just a big casino. Because some investors are just buying prices and then hoping to sell their prices at some higher price [ ]
You know those people whose lives are transformed by changing their diet or daily journaling or meditating or something like that? It wasn’t the meditation or whatever that changed their life. No, it was cultivating the discipline to do that thing day after day and week after week and month after month. Because nobody on the [ ]
Benjamin Franklin was arguably the most successful person who lived in colonial America. There are many lessons to learn from his biography, but the following nugget of wisdom about choosing principles over luxury is timeless. The story goes that a man came to Franklin wanting to publish an article in Franklin’s newspaper, The Pennsylvania Gazette. [ ]
You’re at a blackjack table in Las Vegas. The guy sitting next to you has a 10 of hearts and 7 of spades. Now, everyone knows when you have 17 that you stand, but this guy asks the dealer for a hit. The dealer flips over a 4, and so the guy gets 21. Blackjack! [ ]
In 2016 I handed my boss a two-word resignation letter. I’m resigning. That letter was maybe the best thing for my investment portfolio. When you don’t get a paycheck anymore it forces you into decisions. Need cash for bills? Take some profits. Want to buy a new stock? Gotta sell something. Increase the size of [ ]