Money Parables, Saving
What Is the Purpose of an Emergency Fund and Other Savings?
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I live in a desert. The Salt Lake Valley gets about 15 inches of rain a year and semiarid deserts are classified as areas that receive between 8 and 20 inches of rain. And yet, the Salt Lake Valley today doesn’t look like a desert. The Mormon pioneers first entered the Salt Lake Valley…
Misc.
Run Your Own Race
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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…
Books, Misc.
Be Skeptical of Pervasive Pessimism About the World
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“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…
