Minding Your Blind Spots

Your greatest financial ally could be the person you share your bed with. One reason people make costly mistakes is blindness. I am blind; you are, too. We’re all blind, in some way. And we don’t know it. Except for the self-aware, humble ones. Horror legend Stephen King has written around 50-60 bestselling novels andContinue reading “Minding Your Blind Spots”

Stories That Make You Rich or Go Broke

Why do you make certain decisions? How can you make better ones? Perhaps, you need a better story. I think finance is synonymous with storytelling. Wall Street publishes more stories than the publishing industry. Exhibit A is the GameStop saga, where a group of day traders bid up the beleaguered video game retailer’s stock priceContinue reading “Stories That Make You Rich or Go Broke”

Managing Your Personality in Your Portfolio

Whether we can admit it or not, the way we invest is heavily influenced by our personalities. As I struggle with the hardest Dry January in history, I’ve thought a lot about people I’ve known who could freely indulge in alcohol or drugs yet still meet all life’s obligations. They always made it to theContinue reading “Managing Your Personality in Your Portfolio”

What You Appreciate, Appreciates

A fundamental principle for growing wealth, love, happiness — everything — lives in a remote corner of India. More than 40 years ago, a humble farmer named Jadav Payeng started to plant trees on a desolate river island. Known as “The Forest Man of India,” he planted tens of thousands of trees — bamboo, cottonwoodContinue reading “What You Appreciate, Appreciates”

Supercharging Your Financial Bullshit Detector

Please excuse the language. To me, the hardest part of writing isn’t the writing. It’s the editing. Specifically, the cutting. My ego believes every word is divine while my brain says most are crap. Deep down I know my work improves when I get the red pen and, as Stephen King incites, “kill my darlings.”Continue reading “Supercharging Your Financial Bullshit Detector”

Do Your Financial Goals Match Your Values?

Tony Hsieh, who tragically passed away last week, was all of us – someone who wanted to know how to live a happy, meaningful life during his short time on Earth. A concern for happiness was a major reason why the former Zappos CEO focused on transforming work culture. Happy workers made happy customers. ButContinue reading “Do Your Financial Goals Match Your Values?”

The Market Owes You Nothing

Invest for long enough in the stock market and you’re destined to exclaim: “I didn’t expect that!” (Or, something to that effect: “I can’t believe it!”, “Wow!”, “Holy s**t!”) Probably many times. You could be a longtime investor who was unphased by every bubble, bust and crash of the past 60 years. You can beContinue reading “The Market Owes You Nothing”