Managing our emotions is a prerequisite for intelligent investing ...
Early retirees are often misunderstood when it comes to their financial status. Being in a position to deal with "social debt" requires conservatism and a substantial financial reserve ...
It makes no sense to engage in short term relationships with investments, but it is also hazardous to fall in love with a company or its management ...
Using a continuous glucose monitor for two weeks made me think about the pros and cons of instant feedback in life and in markets ...
Sometimes, it is a good idea to purposely "throw sand in the gears" in order to force yourself to slow down during bear markets. This is necessary to avoid mistakes ...
Anchoring is a common mental heuristic, or short cut, that can be useful in many contexts but often proves very damaging when it comes to financial decisions ...
Blind rage manifested as hatred is one of the least productive emotions and is almost guaranteed to impair your decision making capabilities and cause serious errors ...
No one should invest in technologies that they do not understand but I would be delighted if some succeed even if I do not see a path to success or participate financially ...
Inner Scorecards, SPACs, Availability Bias, America's Drinking Problem ...
James Clear provides numerous practical and actionable insights to help readers develop and maintain better habits in the long run ...
Short Sellers: Heroes or Villains? ...
Value vs. Growth, Take the Money, Inflation, Lazy Thinking ...
Charlie Munger has said that one should never think about anything else when you should be thinking about the power of incentives. Poorly thought out incentive systems cause harm ...
"Like Warren, I had a considerable passion to get rich, not because I wanted Ferraris — I wanted the independence. I desperately wanted it.” -- Charlie Munger The world can appear vastly unequal in terms of the goods and services ...
To go the distance, you must pace yourself whether the race you are running is a marathon or saving and investing money for your financial security ...
Human beings feel the pain of loss much more intensely than the pleasure of an equivalent gain and there are important consequences stemming from this tendency ...
"Everything can be taken from a man but one thing: the last of the human freedoms -- to choose one's attitude in any given set of circumstances, to choose one's own way." — Viktor E. Frankl December 7, 1941 Nearly ...
The most outwardly visible sign of the pandemic has been the use of masks. From the beginning, masks have been mired in unnecessary controversy ...