Got a phone call on the way to the gym the other day. Some dude who wanted me to take some political survey. I couldn’t actually make out what organization he was calling on behalf of. After mumbling something for a few seconds and telling me he wanted to ask me a few questions, he […]
Red pill retirement planning
“How much money do I need to retire?” Truly the million-dollar question that’s probably worth $10 million or more. And there are two basic approaches I’ve seen to this question… For funsies, let’s call them “Blue Pill” retirement planning and “Red Pill” retirement planning. “Blue Pill” retirement planning is all about “finding your number”. The […]
A cautionary tale for those chasing rate of return
An email reader writes in: David, I really enjoy your “commentaries” & have a good grasp on the value of dividend paying mutual WL insurance. I just wish it was easier to determine which ML company over the long term provided the best IRR & is best for “IBC”. Any thought or direction is appreciated. […]
Stupid business mistakes that cost me a lot of time and money
Let’s rap about some dumb mistakes I’ve made with my money in the past. I named my business based on where I lived — this had the well-deserved side effect of people thinking I only did business locally when I was licensed to do business all over the U.S. and so I lost a lot […]
Why most investments are not “battle tested”
Behold! An investment lesson from the 24th Century show, Star Trek: The Next Generation… Data: In the game of military brinksmanship, individual physical prowess is less important than the perception of the species as a whole. For over 9 millennia, potential foes have regarded the Zakdorns as having the greatest innately strategic minds in the […]