No matter how open-minded you think you are, you are always going to approach things with a certain bias. And it only takes being completely wrong about something that you would have bet your life on…
Published on 3 years, 7 months ago
When times get tough, it is always easier to have a scapegoat. After all, it is easier to blame an enemy than an unfortunate circumstance. The enemy can be punished and held responsible. Circumstance…
Published on 3 years, 7 months ago
Published on 3 years, 7 months ago
I don’t know about you but sometimes I have so many different things cycling through my brain at the same time but it’s hard to keep track of any one of them.
I’m not talking about just work or perso…
Published on 3 years, 7 months ago
The hardest part about understanding economics is terminology. In reality, economics really just comes down to understanding human behavior based on incentives.
Let’s take for example the Cobra Effec…
Published on 3 years, 7 months ago
As I write this email, I’m on my way to Phoenix for our biannual meetup. So…I’ll keep it short.
Coming up Covid and in the midst of a war in Europe we are experiencing unusual inflation forcing the …
Published on 3 years, 8 months ago
The most common question I get from investors these days is how increasing interest rates will affect the performance of our real estate holdings.
There is often concern, for good reason, that as rat…
Published on 3 years, 8 months ago
I have started a number of small businesses over the past decade. I know that a number of you run your own business or are thinking about some kind of new entrepreneurial endeavor.
So, let me tell yo…
Published on 3 years, 8 months ago
My kids are little. My oldest is 12 and her sisters are 9 and 6.
Admittedly, I’ve spent no significant amount of time trying to teach them about money as of yet. If anything, I have taught them a lit…
Published on 3 years, 8 months ago
You would think from the vilification of capitalists in recent years that we are nothing but a waste of space on earth.
“Pay your fair share capitalist pig!” That’s what you hear these days from popu…
Published on 3 years, 8 months ago
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