[Instead of telling kids they can be anything they want to be] Tell the kids the truth. You can be anything you’re good at…as long as they’re hiring. And even then it helps to know somebody. — Chris Rock, Tamborine (2018) How irritating would it be if you clicked something suggesting only three things matter … Continue reading Three Things Matter in Your Twenties
So there’s an iron rule that just as you want to start getting worldly wisdom by asking why, why, why, in communicating with other people about everything, you want to include why, why, why. Even if it’s obvious, it’s wise to stick in the why. — Charlie Munger The most important question we can ask … Continue reading The Most Important Question
What’s the answer to 99 questions out of 100? Money. — Vanilla Sky (2001) In Part 1, we used sushi to introduce the fundamentals of finance, namely the time value of money and the related concept of risk vs. reward. We talked about why we would discount expected cash flows from the future to figure out … Continue reading Finance: Part 2 (Money, What Did You Expect?)
I’m glad I learned about parallelograms instead of how to do taxes. It’s really come in handy this parallelogram season.— Sage Boggs, Twitter (2015) A poet once said, “The whole universe is in a glass of wine.” We will probably never know in what sense he meant that, for poets do not write to be understood. … Continue reading Finance: Part 1 (A Primer)
You can plan a pretty picnic, but you can’t predict the weather. — Outkast, Ms. Jackson (2000) The operative word in the title is plan. Don’t do a heist. If you need further persuading, watch the ending of Dog Day Afternoon. Besides, you can get much more money from bankers if you give them a colorful PowerPoint presentation. A … Continue reading Why You Should Plan a Heist
The world never tells you that you’re wrong; it only gives you outcomes. — Shane Parrish, Farnam Street Kierkegaard, in Either/Or, makes fun of the “busy man” for whom busyness is a way of avoiding an honest self-reckoning. You might wake up in the night and realise that you’re lonely in your marriage, or that you need … Continue reading An Alternative to New Year’s Resolutions
Got a truck full of dope, plug on the cokeRenzel done came up, prosecutors want to knowIs everything dope? Is everything dope?How does everything go? — Rick Ross, D.O.P.E. (2015) Mechanism (mek–uh-niz-uh m) noun1. an assembly of moving parts performing a complete functional motion, often being part of a large machine; linkage2. the agency or means by which … Continue reading How Kim Kardashian Got Famous: A Way to Think About Almost Everything
The hardest thing of all to see is what is really there. — J.A. Baker, The Peregrine For me, there is really only one big choice to make in life: Are you willing to fight to find out what’s true? — Ray Dalio Ray Dalio is the founder of Bridgewater Associates (“Bridgewater”), one of the largest & … Continue reading Principles by Ray Dalio
design verb de·sign \di-ˈzīn\ 1: to create, fashion, execute, or construct according to plan 2: to plan and fashion artistically or skillfully 3: to intend for a definite purpose There is only one success in life — to be able to spend your life in your own way. — Christopher Morley The chains of habit are too light to be felt until they are too strong to be broken. — Warren Buffett … Continue reading Designing Your Life
Wisdom crieth aloud in the streets. Proverbs 1:20 Floyd Mayweather, Jr. carries around a bag that has $1 million cash in it. He often has an entourage with him, and if he’s not carrying it, he frequently asks to no one in particular, “Where’s the bag?” There’s a case to be made that this is … Continue reading Where’s the bag?
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