Why Does It Feel Like Everyone Has More Money Than You?

In 2011, my parents gave me a sum of money that was both outrageous and, in the real estate terms of major cities, quite reasonable: 10 percent down on the 250-square-foot apartment I still own in Fort Greene, Brooklyn. While I was conflicted about taking it, there wasn’t much of a question about whether I’d…

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Workism Is Making Americans Miserable

In his 1930 essay “Economic Possibilities for Our Grandchildren,” the economist John Maynard Keynes predicted a 15-hour workweek in the 21st century, creating the equivalent of a five-day weekend. “For the first time since his creation man will be faced with his real, his permanent problem,” Keynes wrote, “how to occupy the leisure.” This became…

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Who Is At Fault?

I saw the piece below on the website and thought it was worth snipping as a discussion piece. There is no doubt that banks are arsheloes who for several years (decades) engaged in appalling business practices. These practices were brought to light by the recent Royal Commission and apparently were a complete surprise to…

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The Science of Developing Mental Toughness

Have you ever wondered what makes someone a good athlete? Or a good leader? Or a good parent? Why do some people accomplish their goals while others fail? What makes the difference? Usually we answer these questions by talking about the talent of top performers. He must be the smartest scientist in the lab. She’s faster…

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It Is Hard Being Human

By saying that it is hard being human I am not referring to the day to day minutia of working, paying bills, interacting with others or the collapse towards entropy that we call ageing. Rather I am referring to understanding the world in a logical, data driven manner. Over the years I have come to…

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Price or Performance

I came across this chart on LinkedIn – It is a comparison between the Baltic Dry Index and the S&P500. For those who dont know the Baltic Dry Index is a proxy for all dry shipping around the world. Fundamental analysts then somehow contort this is to meaning something about world trade and occasionally you…

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Quote Of The Day

“Ignorance more frequently begets confidence than does knowledge: it is those who know little… Charles Darwin (side note people forget that Darwin was only 22 when he set out on the Beagle) And if you needed convincing – Extreme opponents of genetically modified foods know the least but think they know the most You could of course…

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The Lonely Life Of A Yacht Influencer

While chasing a 2017 story about medical tourism and Slovakian stem cells that had already taken me to hospital facilities in Bratislava and Vienna, I wound up partying on a 283-foot yacht floating in the French Riviera. As I watched intoxicated rich people having expensive fun in their cheap white shower slippers — first rule of yacht club is…

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System Failures

On the weekend LB and I had the first meeting for this years Mentor Program and just before it was my turn to present I checked my laptop as I do to make certain everything was in order and it decided to show me nothing but a blank screen. Not a problem since I always…

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Market History 101

Apparently according to Kevin Rudd, Ken Henry the now departed Chairman of NAB whose put up a stellar performance at the Royal Commission into banking where he suggested that anyone could overlook charging $100 million in fees for no service is a great bloke and a genius who helped Rudd avoid another great depression following…

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