Everybody loves a bargain. My daughters Kelsey and Savannah are great bargain shoppers. Their favorite thing to do after returning from shopping is to have everyone guess how much they paid for the various items. It brings them a lot of joy to get great deals. Unfortunately, many of us are missing out on the…
“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…
There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,” and an optimist who says, “Don’t bother doing anything, it’s going to turn out fine anyway.” Either way nothing happens. -Yvon Choiuinard, rock climber, environmentalist, and founder of the outdoor clothing company Patagonia Admiral James Stockdale was the…
I love basketball, and when I was younger played frequently. Sometimes in a pick-up game we would be playing hard, but no one was keeping score. After a while someone would say, “First team to 20 wins.” The intensity would immediately pick up, especially on the defensive end, and suddenly everyone became more focused. Other…
Who Was Micawber and What is His Principle? In the book David Copperfield, written in 1850 by Charles Dickens, the orphaned title character is sent to work in a factory in another town. Arrangements are made for young David to rent a room in the home of Wilkins Micawber. Mr. Micawber is fond of offering…
