“If I don’t make a big movie every three or four months, I can’t pay my bills.” — Nicolas Cage It is always a good idea to be mindful of expenses, regardless of how much money you make or have. A year ago, a rich friend said he had the realization that spending fifty extra … Continue reading Money Per Day
What about rapid growth in fundamentals? Well, over the past two decades, S&P 500 revenues and U.S. nominal GDP have grown at just 4% annually. — John P. Hussman, Ph.D. (October 2021) If you want to know where we are in the economic cycle, I drove past a homeless man in a wheelchair in Baltimore … Continue reading Is Everything Crazy? Houses, Crypto, & The Stock Market
Give a man a reputation as an early riser and he can sleep ’til noon. Continue reading Narrative > Truth
You may be wondering: How much risk do I have right now? Obviously, that… Continue reading Finance: Part 4 (Risk.)
People who do these well get more return in relation to the risks they take. Continue reading Finance: Part 3 (How The Money People Think)
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)
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?
Fred Jung: Money isn’t real, George. It doesn’t matter. It only seems like it does. Young George: Are you gonna tell Mom that? Fred Jung: Yeah, that’s gonna be a tricky one. — Blow (2001) My evolving theory is that rap music is the purest commercial form of ego expression (perhaps its own post one day). In … Continue reading The Financial Wisdom of Rap Music
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