The Basic Problem When two people or groups have different needs, there are two ways to handle it: Merge the resources and divide them based on who needs what Keep resources separate and let each side handle their own needs The second option sounds fair. It sounds like independence and respect for differences. But it … Continue reading The Separation Trap: When “Separate but Equal” Hides Unfairness
Tag: finance
Bogleheads
"Welcome to the Bogleheads® wiki, a collaborative undertaking by members of the Bogleheads Community. This wiki is a reference resource for investors. Bogleheads emphasize starting early, living below one's means, regular saving, broad diversification, and sticking to one's investment plan."-https://www.bogleheads.org/ Never heard of it. But, the emphasis seems right. Bookmarking.
Stable Anchors & Financial Dominance
"The less dominant the U.S. economy is, the less the dollar can function as a stable anchor for the global financial system. It was still intact in 2008-10, when a global financial crisis sent capital flooding to the safe haven of U.S. government bonds. But in recent years, people have begun to question whether Bretton … Continue reading Stable Anchors & Financial Dominance
Play Your Own Game
1. Judge less.At least half the people doing things with money that you disagree with are playing a different game than you are. You probably look just as crazy in their eyes.2. Figure out what game you're playing, then play it (and only it).So few investors do this. Maybe they have a vague idea of … Continue reading Play Your Own Game
HumanIPO
"Invest in people you believe in...HumanIPO is a marketplace for capitalizing human potential.—https://humanipo.app/ Ingenious new form of finance under late-stage capitalism or fresh coat on old idea. Thought experiment what if the unit of shares were expressed in years? That'd be called indentured servitude. Express it as fraction of a share or in dollars, you've … Continue reading HumanIPO
Waiting for the Last Dance
"...it is highly probable that we are in a major bubble event in the U.S. market, of the type we typically have every several decades and last had in the late 1990s. It will very probably end badly, although nothing is certain. I will also tell you my definition of success for a bear market … Continue reading Waiting for the Last Dance
Should You Refinance Your Mortgage?
"Ask your broker what rate they would offer you for a 'zero closing cost' refinance. Mechanically, this really means the lender will offer you a higher rate, so that they can sell your mortgage loan for a higher price -- they will pay you for this by throwing some cash into the deal to cover … Continue reading Should You Refinance Your Mortgage?
Sweet Enough
"It’s not how much you have. It’s the difference between what you have and what you spend. If you have more than you spend, you’re rich. If you spend more than you have, you’re not. If you live cheaply, it’s easy to be free."—Derek Sivers, "How I got rich on the other hand." sive.rs. October … Continue reading Sweet Enough
Harvard’s Reinhart and Rogoff Say This Time Really Is Different
"And you want to talk about a negative productivity shock, too. The biggest positive productivity shock we’ve had over the last 40 years has been globalization together with technology. And I think if you take away the globalization, you probably take away some of the technology. So that affects not just trade, but movements and … Continue reading Harvard’s Reinhart and Rogoff Say This Time Really Is Different
Knowledge of the Future
"...there are (a) facts, (b) informed extrapolations from analogies to other viruses and (c) opinion or speculation....if you’re experiencing something that has never been seen before, you simply can’t say you know how it’ll turn out....There’s no algorithm for deciding whether to favor life for a few (or for thousands) versus economic improvement for millions."-Howard … Continue reading Knowledge of the Future
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