I don’t have much to complain about from my childhood. I was born of goodly parents who loved each other and loved and supported me in all I did. However, they did make one mistake. It’s a mistake I suspect many loving, involved, well-meaning parents make. You see, they were always telling me that I…
Money is a fascinating topic, at least partly because it intersects with so many other fascinating topics. While your personal financial plan should be simple, to fully understand money you need to have at least a basic understanding of many other topics such as psychology, economics, politics, sociology, mathematics (particularly statistics and probability), philosophy, and…
“Skepticism and pessimism aren’t synonymous. Skepticism calls for pessimism when optimism is excessive. But it also calls for optimism when pessimism is excessive.” – Howard Marks. The quote above is from the excellent book The Most Important Thing: Uncommon Sense for the Thoughtful Investor, and Marks said it in the context of investing. This is…
Carl Richards answers to a lot of titles including dad, husband, financial planner, blogger, best-selling author, in-demand speaker, and “Sketch Guy”, which is the name of his weekly New York Times money column. “Sketch Guy” got its name because Richards has been creating simple drawings for years to illustrate the financial principles he teaches and he…
In an interview with Chris Reining, Morgan Housel, whose opinion I value greatly, named The Quest of the Simple Life as one of two books that had influenced him greatly, stating “It completely changed how I think about financial goals.” I had never heard of The Quest prior to this, but based on Housel’s…
“Save” – the sum of all financial planning wisdom in one word. –Phil DeMuth, author and investment advisor Moneyball I recently finished reading the excellent book Moneyball, by Michael Lewis. The book tells the story of how the Oakland A’s, with a payroll well less than half of baseball’s glamour teams such as the New York…
