donmo

Some Books That Changed My Life

. In a previous post, I said that “the things you’ve read and your experiences” are the two most valuable inputs to any writer. “ People often ask for book suggestions, and I am always asking for them. Today I want to share some books that changed my life. I hope you enjoy it. The Search for Meaning…

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$660M In A Day: The Big Oil Short

Financial markets in the last few years have been anything but usual. GameStop’s share price was $400 (pre-split). Nikola Motors briefly had a value greater than Ford. NFTs were valued at millions. The most crazy market moment of the pandemic period wasn’t a cryptocurrency, meme stock or SPAC. Sweet, sweet crude was the market’s most insane moment. The oil…

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Spend some money

Financially Responsible You’ve probably heard some of these sentences about money. Be responsible with your finances. “ Are you sure you want to buy that? “ Think about other ways you can spend the same amount of money. “ You need to save more. “ This is the Venmo caption I sent to my roommate when we celebrated one…

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Alpha: A New Definition

What should I invest in? “ This question has been asked to me more than I can remember in the past year. This makes sense since I have a finance blog. Over time, my answer has evolved. In two years, I would’ve given you a detailed description of the SPAC that I invested in and why. I would have…

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Time isn’t money

Time is money. If a person can earn 10 shillings per day through his work, but spends sixpence on diversion, or is idle for half the day, that should not be considered as his only expense. He has actually spent or wasted five shillings. Ben Franklin Ben Franklin’s 1748 essay advice to a young tradesman, “Time…

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What is a recession?

The government will release the Q2 GDP figures this morning. This is likely to be around the time you read this article. Since the White House has set its own definition for a recession, it is likely that we’ll see a second quarter of negative GDP growth. We would normally call this recession. With tech stocks…

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The Case for Traveling More

While reflecting on my 8 month trip abroad over the past year, I decided a couple of weeks back to read Rolf Potts Vagabonding. The opening of Chapter Two is a very sobering passage. “There is a story from the Desert Fathers tradition, an order Christian monks that lived in the deserts of Egypt around seventeen…

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Leverage Your Life

As a child, I played all kinds of Mario games. You likely did too. You probably did as well. There was Mario Kart which put all your favorite Mario characters into a Grand Prix. A blue shell that was not timed correctly can ruin a victory. And Super Smash Bros is the greatest combat video game ever created. You’d be battling a Who’s…

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House Money A Casino Story

I am a poker player. I play poker a lot. The greatest game of all time is played at a poker table where skill, money, luck, adrenaline and probability are combined. I was in London last Tuesday with my friend Jake. We are both poker enthusiasts, so we visited the Hippodrome Casino located in Soho. Three hours later, the…

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