Category: Misc.

10 Essential Financial Rules of Thumb

“Heuristics are simplified rules of thumb that make things simple and easy to implement. But their main advantage is that the user knows that they are not perfect, just expedient, and is therefore less fooled by their powers. They become dangerous when we forget that.” – Nassim Nicholas Taleb In the spirit of Taleb’s quote,…

Money and Spirituality: Is Money Really the Root of All Evil?

The Hindu holy man Swami Gnanmuni is the administrator of the magnificent Swaminarayan Akshardham temple in New Delhi, India. As such, he has taken a vow of absolute poverty.  His material possessions consist solely of two robes, some prayer beads, and a wooden bowl.   Gnanmuni took a rather unconventional path to reach this position.…