I believe every little bit of information we consume changes our minds, however subtly. This feels obviously true, just as every bit of food we eat ever so slightly changes our body. Yet, people are even more careless about the information they consume than the food. When I read Neal
Working in Silicon Valley and the tech industry for the last 15+ years I’ve become friends with a lot of people who have a very good problem: They have a life changing amount of money in a single stock. My first experience watching people wrestle with this good problem
I'm generally skeptical that I have an edge in public markets. I know a lot of professional investors and they're exceptionally smart and have way more data, time, and other resources than I do. One of the most durable advantages I can have is slightly different
I have told myself, and people have often told me: I just want to have enough money not to worry about money. I found that worrying about money is more about worrying and less about money. Why we worry A lot of people worry about money. People without money worry
One of my favourite mental models is: You can have anything you want but not everything you want. I used to think that it would be possible, with enough money or power to overcome every constraint of life. One of the difficult to accept and indispensable truths of the world
A few years ago I began to more mindfully slow the increase in my lifestyle. This was a decision made to increase my, and my children's, long run enjoyment of life. As humans we often think we care about the level of something (e.g how much money
“No, the thing to buy was Liberty Bonds, and we bought four of them. It was a very exciting business. I descended to a shining and impressive room downstairs, and under the chaperonage of a guard deposited my $4000 in Liberty Bonds, together with “my” bond, in a little tin
I talk to a lot of smart people who have an incredible array of choices in front of them. One of the most vexing seems to be: How should I spend my time, how should I prioritize my energy? The paradox of choice is that this problem becomes worse for
The smartest investors I know make every dollar, pound, or yen work as hard as possible for them. Some of the biggest mistakes I see a lot of investors make regards how they treat their cash. Cash is great, it’s the only asset you can easily and directly buy
Life is full of decisions and the choices we make determine the outcomes for ourselves, our children, and our communities.