Category: Misc.

Back to the Future: Money and Time Travel

“The essence of finance is time travel. Saving is about moving resources from the present into the future. Financing is about moving resources from the future into the present.” – Matt Levine, Financial Journalist   One of my favorite movies is Back to the Future. The movie is about Marty McFly (Michael J. Fox), an average American…

“Her Name Was Dottie”: Life’s Final Exam is Not About Net Worth but About Treating Others as People of Worth

It is well to remember that the entire universe, with one trifling exception, is composed of others. – John Andrew Holmes, US congressman and senator in the early 1800s Managing our money wisely is a necessary ingredient to a happy life, but certainly not the most important ingredient.  I was reminded of this again last month…

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,…