What are you doing with all of this semi-free holiday time? If you need some YouTube or podcasts, I have some self-promotional fun for you - links at the bottom: “Hold My Beer” Breaking News #9. It’s primary season (and the season lasts a full year, so yeah). As the crazy gets crazier, or goes … Continue reading Get Down On It: What Else I’m Up To, 11/23/2023 Edition
Tag: financial planning
Be Careful What You Wish For (Jed McKenna, Agnes Callard, And Cypress Hill Edition)
“Be careful what you wish for, not because you’ll get it but because you’ll be turned into the thing that can get it.” Jed McKenna Agnes Callard explains the difference between the aspirational and the ambitious. Apply these to McKenna’s “wish” from the quote above. They have everything to do with our identities and the … Continue reading Be Careful What You Wish For (Jed McKenna, Agnes Callard, And Cypress Hill Edition)
Get Down On It: What Else I’m Up To, 9/28/2023 Edition
How you gonna do it if you really won’t take a chance The YouTube/podcast parade continues - We have a NEW episode of Breaking News up this morning, “Voldemort 2024! The Biden/Trump Rematch Nobody Wants.” We talk about the strategies political incumbents use to defend against newcomers, why this election will be the mud-slingingest yet, … Continue reading Get Down On It: What Else I’m Up To, 9/28/2023 Edition
Get Down On It: August 18, 2023 Edition
A weird thing is happening. I'm doing all sorts of "stuff" and the whole "don't forget to tell people about it" thing isn't my strong suit. This post is an attempt to try to rectify that. I may do this once a week going forward. If you have thoughts for or against this, get at … Continue reading Get Down On It: August 18, 2023 Edition
Behavioral Problems Need Behavioral Solutions
The finance industry has gone from intuitively exploiting behavioral biases, to endlessly labeling them, to discussing how to “correct” them, to (finally) start talking about how to work productively with people who are inherently… people. Messy, regular, (sometimes self-aware) people. Richard Thaler, long a lighthouse on these BeFi seas, said it beautifully in his book … Continue reading Behavioral Problems Need Behavioral Solutions
Berry Gordy – Invest In Your People
Before there was Motown Records, there was Pop and Bertha Berry. This is a story about investing in your people. The entrepreneurial couple had grocery stores, contracting businesses, and an insurance agency on their list of accomplishments. None of them became Fortune 500 companies, but the companies were theirs. The ethos came from Booker T. … Continue reading Berry Gordy – Invest In Your People
(Life) Skew
Left tail beware, right tail aware. I’d say it’s a financial planning concept, but it’s really a general life concept. Most of life is average. You get up, make coffee, walk the dog, etc. etc. etc. Anything average can get colored with good or bad luck. Or REALLY good or REALLY bad luck. Luck has … Continue reading (Life) Skew
The 3 C’s Of Planning
I use these 3 C’s of planning doing financial planning all of the time, but they really apply to ANYTHING you (or your business, or your family, or…) is planning for. If you want to put context around any question you have with a dollar sign attached to, start by jotting down the 3 C’s: … Continue reading The 3 C’s Of Planning
Podcast Of The Week: The Education Of A Financial Planner (hey, it’s me?!)
Nothing like one day having a conversation with two friends who say, “hey, we should record this” and then they actually do it. My buddies Jack Forehand and Justin Carbonneau are partners at the (primarily) quant-investing shop Validea. They’re smart, make fantastic content on their podcast and YouTube channel (Excess Returns), and I go to … Continue reading Podcast Of The Week: The Education Of A Financial Planner (hey, it’s me?!)
The Three Faders Of Money, Time, And Effort
Money, time, and effort are all sliding scales (or faders, for my music people) that move up or down relative to one another. If you have a ton of money, you won’t have to put as much time or effort in. If you have no money, you’ll need to invest a lot of time and … Continue reading The Three Faders Of Money, Time, And Effort