Picking up where we left off, the reason why there are very few millionaires is actually quite simple: overconfidence, cash flow and of course lifestyle inflation. Those three items all relate to one another but are difficult to see since they creep in over time. In fact, we can wager every single person on this […]
Short Q&A is Closed thanks!
Lately, we’ve been considering a “permanent portfolio” which simply means a new way to invest that avoids large ups and downs. Since we started this blog about 7 years ago we suggested dollar cost averaging all of your money into the S&P 500 if you are not rich yet (after the basic cash buffer is […]
This is a guest post written by Eric who is a hands on investor in his new launch. Emphasis is that none of the below is related to our opinions (all written by Eric) thanks! Is Bitcoin the Next Myspace? Unless you’ve been living under a rock, you’ve heard about Bitcoin. As the first cryptocurrency […]
Too many things have lined up to not go with this belief. This weekend a bunch of strange events occurred and none of it was even related to any major events in the world. We did a quick poll on our running joke, “Questions for Plato”, where we asked if the world we live in […]
Q&A is now closed thanks!
People don’t lack time, they lack prioritization. When you talk to regular people, they are always “busy” but then never have any results… year after year after year after year. This is due to a lack of prioritization. If you ask people for investment advice however… they will quickly pitch some sort of investment. Completely […]
Eventually you’re going to be put into a position where you’re forced to manage people. That’s right. Dealing with employees in some form. This is the worst part of life in general (not an exaggeration) as people are driven by emotion, ego and a myriad of other non-revenue generating factors. With the bleak beginning, we […]