After spending two fun-filled weeks in Japan, you can read all about it here . It looks like I may have missed one or two bank collapses. Don’t worry. I won’t be discussing the pros and cons of a bank bailout or the moral hazard that could result. Here are eight thoughts about “risk.” The…
The past is waiting to be played out in the outcome of a game with a finite number of players. Anyone who plays towards a specific outcome wants a specific past. Finite players are competing to win a prize in the future, but they also want a prized history. James Carse Finite & Infinite Games In…
It’s not internal bleeding, failed surgeries, or ineffective rehabilitation that causes the most surgical complications. The most common surgical complication is prolonged opioid use post-surgery. This is not a surprising phenomenon. Patients are in excruciating pain after surgery. Doctors prescribe OxyContin to ease this pain. OxyContin relieves pain by releasing dopamine, which floods our brains with “feel-good chemicals”. Dopamine…
Language can be funny. In English ” History” can be defined as a chronology of important events (such those that affect a nation or an institution). The term ” story “ refers to a person’s account about an incident or event. History is a way to express objective facts, or a series of concrete, real events. Story is subjective and skewed from the perspective…
I’d like to suggest an experiment. This Saturday, visit the affluent neighborhoods of your choice, whether it’s Chelsea in New York City or Buckhead in Atlanta. Ask ten people who are well dressed if they think of themselves as rich. They will laugh nervously and wait to see if they are joking, before they say…
Kevin O’Leary lives a life most people could only imagine. He became a multi-millionaire after selling his business to Mattel, in 1999, eight years after he founded SoftKey. O’Leary earned millions from an investment in self-storage eight years later. He then launched O’Leary Funds – a mutual funds company – and O’Leary Ventures – an early…
Kyle Bass, who was just nine years old when he graduated from college, had already established himself as a young finance professional with a lot of ambition. Bass, who spent two years with Prudential Securities as a stockbroker, joined Bear Stearns in Dallas, where he rose quickly through the ranks to become senior managing director by…
The process is simple and goes like this: I first invest in an S&P 500 Index Fund. Then, I chill. Simple, no? It is because of the following reasons that I “index-and-chill”. The reason I “index and chill” is as follows. For those who are curious, I started out with $6,000 After this rollercoaster ride, I came…
In the history of the financial markets, no one has ever invested in something with the thought, “Man, this is going to be so painful.” We don’t always make money. Sometimes we even lose money when investing. You may have purchased Meta stock prior to its price being cut in half due to the company’s slowing…
A case study that is interesting: Planet Fitness has a $10 gym membership that gives unlimited access. This is a ridiculously cheap price. Planet Fitness is a thriving business, despite its low prices. Its stock price has increased 134% in the last five year. How can a business make so much profit despite offering such low…
