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
Tag: investing
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
8 Steps To Empire-Building Compound Returns By (Jimmy) Buffett
"8 Steps To Empire-Building Compound Returns," by Buffett. No, not Warren - we're talking about Jimmy Buffett. THAT Buffett has his "big 8," aka the 8 songs he plays at every show. 50 years of music, 29 albums, 40 world tours, best-selling books, clothes, restaurants, and it reduces to... Doing 8ish things well, repeatedly. Want … Continue reading 8 Steps To Empire-Building Compound Returns By (Jimmy) Buffett
Podcast Of The Week: Matt Breitfelder – Investing In Human Capital
Matt Breitfelder was interviewed by Ted Seides on Capital Allocators and I think this one extends beyond his HR work in the investment field. Matt and Ted's talk isn't just another culture-building checklist - it's a talk about self-awareness, and how the cultures that have shaped us can be as useful as the cultures we … Continue reading Podcast Of The Week: Matt Breitfelder – Investing In Human Capital
Sam Zell: Chairman Of Everything, CEO Of Nothing
This Sam Zell quote really has wormed its way into my head, I often say I’m chairman of everything and the CEO of nothing. I stick to what I’m good at - vision, direction, strategy. That’s where I add the most value. I spend almost my entire day listening to other people. I ask questions, … Continue reading Sam Zell: Chairman Of Everything, CEO Of Nothing
Sam Zell’s Playboy Business
Sam Zell was known for his investment acumen. But Patrick O’Shaugnessy shared this quote on where one of his first business ideas came from: On one of my walks I discovered a newsstand underneath the “L” tracks. It was 1953, and a provocative new magazine called Playboy had just made its debut featuring Marilyn Monroe … Continue reading Sam Zell’s Playboy Business
Charlie Munger On Forecasts (And Vomit)
Do your own homework. It’s a good rule for life and a decent rule for school. And while we’re at it, it doesn’t hurt to check out who wrote the textbook/input your taking in either. This is all especially true when we’re making a big decision. Big decisions - houses, spouses, and blouses* - they … Continue reading Charlie Munger On Forecasts (And Vomit)
(Pre) Retirement Personality Types To Know
I know, this is a finance related work thing, but it’s so interesting. I think this applies to more than my job. Wade Pfau and Alex Murgia have this Retirement Income Style Awareness (RISA) survey. There are tons of resources focused on our psychology when we’re trying to save money. Their resource focuses exclusively on … Continue reading (Pre) Retirement Personality Types To Know
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
Podcast Of The Week: Luxurious LVMH
Every now and then I check the Acquired podcast feed, get intimidated by the length of the episodes (should I just read a book/the book/several books on my own?), and too often lately I move on. HOWEVER. Every time I stop and listen to one I think, “I really should listen to more of these.” … Continue reading Podcast Of The Week: Luxurious LVMH