Posts

chalkboard displaying formula
,

My Formula for Building Wealth

Warren Buffett turned 92 on August 30th. Given his investment prowess and lifelong dedication to finance, it's incredible that most of his wealth (96%) was acquired after he turned 50. He attributes his success to a simple and salient truth:…
waves near lighthouse
,

Ready for a Recession?

Instead of suggesting the likelihood (or unlikelihood) of a recession, I'd like to offer this: If we ultimately experience a recession, consumers are in a far better position to weather the economic downturn than they have been in decades.
pumping gas
,

The True Costs of Average Inflation

Inflation exists all around us and has only recently come to the forefront of the discussion for one simple reason: It’s not a few things getting expensive anymore; it’s everything. Or at least it feels that way.
cash register

Improving Investor Behavior – Your Personal Economy

On August 10, the U.S. Bureau of Labor Statistics (BLS) released updated inflation numbers. While the top line number of 8.5% is still large compared with this time a year ago, the markets and some media outlets latched onto another statistic…
golf ball near hole

The Line Between Improvement and Satisfaction

Imagine today is your last day on earth. Not a pleasant thought but stick with me on this. Looking back on your life, what will you have accomplished to make you proud, happy, and content? Think about that for a second. The question is worded…
classroom
, , ,

Closing the Wealth Gap Starts with a High School Financial Literacy Requirement

What lessons do you wish you could teach your younger self? I hear many answers from people, but the most prominent is finance. I contend that we need to make personal finance a required subject for those graduating high school.
anne schieber portrait

The Gray Area of Good Investor Behavior

If you’re a frequent reader of this column, you know that I’m a large proponent of good investor behavior. Though I’ve spent a great number of column inches espousing the traits of investors I admire or those who have done well by adopting…
tiramisu
,

Improving Investor Behavior: The Peloton and Tiramisu

If you're like me, you exercise a lot. Maybe not every day, but you try to hit the gym most days. You sweat, you grunt, you grind it out, every session. Exercise does two things: it makes you hungry, and it gives you a sense of pride or accomplishment.…
cash register

The Flaw of Average Inflation

The flaw of averages is the idea that plans made based on average assumptions are wrong on average. As an example, think about the statistician that drowned while crossing a river that was, on average, three feet deep.

Understanding Your Stock Compensation Sure is “Something”

Have you ever ignored doing something you knew that you should do? What “something” immediately came to mind when I asked that question? Its OK. We all do it. Maybe that something you're ignoring is uncomfortable to face, maybe it's boring,…

ABC (and D)’s of Equity Compensation

Congratulations! If you’re reading this article you’ve likely been offered some form of equity compensation. Perhaps as a new employee, business partner, or the like. While this compensation isn’t as straightforward as a simple number…
thanksgiving dinner

Improving Investor Behavior: A Mentality of Abundance, Not Excess

We've often said time is our most precious resource. More valuable than money, more fleeting than possessions, nothing can be done to stop the spending of our time. But like money and possessions, having too much time can be a bad thing.  I'm…
contractors working on a house

How Do You Measure Your Wealth?

How do you measure your wealth? Most people assume there are two typical ways. The first is a simple money calculation that takes everything you own, subtracts everything you owe, and that formula gives you your net worth. Simple. Others say wealth is not a measure of the money one has but of the intangibles such as relationships, time, health, etc. 
man praying on top of mountain
, , ,

Improving Investor Behavior – Deciding on Enough!

At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informed his friend author Joseph Heller that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular…
box of chocolates
,

Many Americans Face a Bitter-Sweet Early Retirement. What Should They Do?

He was sitting on a bus stop bench outside a tranquil park, wearing a khaki suit, checkered blue shirt and sneakers. A plain white box rested on his lap when he greeted a stranger and offered her a chocolate saying, “My Mama always…