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.