Here’s Why the 2019 Mercedes G-Class Is the Coolest New SUV
Its big, loud, German and stupid…….what more do you need?
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Kind or Hostile
I was recently listening to the 100th episode of the Michael Kitces podcast with Joe Duran to learn about how Duran used data analytics to help build and scale a $24 billion wealth management firm. However, it wasn’t the machine learning or the data-driven decision making that stuck with me the most. It was something Duran said at the end of…
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What can we learn from people who succeed later in life?
When, at the age of 50, John Fenn joined the faculty at Yale, he was old by academic standards. But then again, he was an inveterate late starter. He published his first research paper at 32, a decade after leaving graduate school. He was 35 when he got his first academic appointment, at Princeton, where he started working…
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If You Feel Thankful, Write It Down. It’s Good For Your Health
…..And noting your gratitude seems to pay off: There’s a growing body of research on the benefits of gratitude. Studies have found that giving thanks and counting blessings can help people sleep better, lower stress and improve interpersonal relationships. Earlier this year, a study found that keeping a gratitude journal decreased materialism and bolstered generosity among adolescents. In another study from August, high school…
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Scale
1 million seconds is abut 11 days. 1 billion seconds is about 31.5 years. I cannot remember where I heard the example above but it is a wonderful example of peoples inability to understand scale particularly when it involves orders of magnitude change. In part it relates to why people cannot understand why a loss…
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How To Avoid Toxic People
The DSM-5 says that roughly 15% of people meet the criteria for a personality disorder. And most of them are never diagnosed. Now you’re not a psychiatrist and neither am I, so we shouldn’t run around diagnosing people… But we can learn enough to recognize if someone is a “high-conflict person”, reasonably give a diagnosis of “no good for…
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Boost your trading capital using Airbnb – by Adam Talbot
One of the key issues facing new traders is being under capitalised. A small trading portfolio can be detrimental for two reasons. One, brokerage fees will churn your account. Two, you are limited in the way you can position size. So in other words a small capital base puts you at a disadvantage when you…
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Hazard Versus Risk
As the year draws to a close on a down note my inbox is full of wonderful end of the year offers promising me that they can save me from the next crash, which is very kind of them. These offers are a mix of divine prediction and the packaging and selling of common tools…
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I Dont Think It Means What You Think It Means
I came across this chart the other day and the message it was trying to convey intrigued me. The chart is from this Vanguard update. I am intrigued because the chart is saying that the market rewards those who hold for the long term – in essence it is talking about a buy and hold…
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