There’s an old saying that goes like this: “You can have anything you want in life if you’ll simply ask the right questions.” Indeed, Voltaire said “Judge a man by his questions rather than by his answers.” Which begs a question (sorry for the pun). Do you know how to ask good questions of yourself? […]
Recently, I sent an article to subscribers of my newsletter (subscribe here) about Warren Buffett foregoing some home improvements in order to let his money compound and how that decision put him at odds with his then wife, Suzie. A reader named Ed wrote to me in response of that article… I just read last week’s email, that […]
An integral part of my investment success has been about being in the right place at the right time. No, I’m not talking about timing the market. That’s a fool’s errand. What I’m talking about is investing during bad times. When there’s blood in the streets. Indeed, my favorite investment color is red. And that’s […]
Why do we do what we do? It’s a great question. And it’s a question that psychologist Ellen Langer and her research team at Harvard University set out to answer in 1977. Their study would change our understanding of human behavior and shed light on what drives us. It all started when Langer asked her […]
Since you’re reading this blog, I’m assuming that you have a list of major life goals that you want to accomplish. You do right? Wonderful. While that’s a great start, what about the flip side of that coin? Have you considered learning to avoid the things that are not important? You know, the worthless distractions […]
Hello darkness, my old friend I’ve come to talk with you again Because a vision softly creeping Left its seeds while I was sleeping And the vision that was planted in my brain Still remains within the sound of silence In restless dreams I walked alone Narrow streets of cobblestone ‘Neath the halo of a […]
Financial wisdom doesn’t come naturally to the mind, it’s learned. Most people who have achieved success with money received help along the way. Maybe they absorbed the knowledge from a parent or grandparent. Or perhaps they pursued it on their own by reading personal finance books and by copying the success habits of others. That’s what […]
The vast majority of Americans believe that the economy is rigged against them. Seventy-one percent think the U.S. economic system is “rigged in favor of certain groups,” according to a new poll by Marketplace and Edison Research. The poll asked one simple question: “Which of the following comes closer to your opinion of the economic […]
Over 50 million U.S. households – almost one in two – own mutual funds today. The U.S. mutual fund market, with over $10 trillion in assets under management, remains the largest in the world, accounting for nearly half of the mutual fund assets worldwide. Investments into mutual funds have poured in at a staggering pace over the […]
There’s an old joke about the police asking the freshly caught bank robber why he robs banks. “Because that’s where the money is”, replied the thief! I went into sales because that’s where the money was. I knew how to identify prospects, understand their problems, and how to solve them. I spent years perfecting these […]
It’s been repeated so often by guidance counselors, career coaches and your parents that you’d think that they’re all getting paid every time they utter the words. Indeed, “follow your passion” has become a hallmark piece of career advice. Heck, even my own mentor, Warren Buffett, suggests that those who are starting out should do […]