December 17, 1903 dawned cold and windy at Kill Devil Hills in the Outer Banks of North Carolina. The temperature was not much above freezing and the wind blowing at over 20 mph. After years of work, frustration, progress, and setbacks, all of it in almost complete obscurity, Wilbur and Orville Wright felt like they…
Category: Investing
Investing
Behavior is More Important than Brilliance
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•Investing success accrues not so much to the brilliant as to the disciplined. – William Bernstein Stupid is as stupid does. – Forest Gump In investing, behavior is more important than brilliance, and it isn’t even close. Consider the case of Sir Isaac Newton. Newton was one of the most influential scientists ever and…
Investing, Smartest Things Ever Said About Money
The 10 Smartest Things Said About Investing by Vanguard Founder Jack Bogle
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•John C. (Jack) Bogle died January 18, 2019 at the age of 89. Bogle created the first widely available index fund and relentlessly worked to lower investment costs, eventually forcing other mutual fund companies to follow his lead. It is not an exaggeration to say that Bogle did more for individual investors than anyone…
Investing, Saving
4 Fantastic Ideas to Help Grandchildren Financially Without Spoiling Them
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•Nobody can do for little children what grandparents can do. Grandparents sort of sprinkle stardust over the lives of little children. – Alex Haley, author of Roots It might be true that grandparents sprinkle stardust over the lives of their grandchildren but grandparents are richly rewarded in return. I had always heard how great it…
Investing
The Progress Principle and Investing: How to Be Happy When You are Losing Money
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•There is a popular theory that one of the primary ingredients of happiness is progress. This is sometimes called The Progress Principle. In summing up the progress principle Psychologist Jonathan Haidt wrote: “Pleasure comes more from making progress towards goals than from achieving them.” Tony Robbins adds: “I can tell you the secret to happiness…
Investing, Money Parables
Riding the Stock Market Roller Coaster
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•Investing, Misc., Retirement, Taxes
Hardy Har Har-ley: 10 Hilarious Harley Schwadron Comics About Money
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•Harley Schwadron started drawing cartoons at the age of eight. However, he reports, “…I never thought I could earn a living at it.” Knowing the odds were against him, he instead got a master’s degree in journalism. After graduating he worked as a reporter for Michigan News Service. However, he never lost his passion for…