Are we addicted to winning? Illustration: Superolli. Source: Openclipart We see it every week: glowing reviews of great stars and managers; the adoration or condemnation of home and rival teams; and the endless hours of watching the game and commentary and replay and analysis of their [...]
Have you ever met a moose in the wild? Photo: EPA. Source: Wikipedia A few years ago I was hiking in Yellowstone National Park, heading off to an attraction about a mile off the road. It was late July, the middle of the afternoon, and as [...]
Grrr. Will the COVID crisis ever end? Photo: NIH/NIAID. Source: Flikr. CC-BY-2.0. I’m sick of this disease. I’m sick of the masks, the restrictions, the constant drumbeat in the news. I’m sick of the fear that family members will get infected. I’m sick, sick, sick of [...]
What happens to all the debt built up during the crisis? Imagine: you’re underwater on your mortgage and out of a job. You’re struggling to make the payments, but you’re not sure you can make it. What are your options? You get a notice from a [...]
Photo: Nick YoungsonCC BY-SA 3.0Alpha Stock Images Is the market stressing you out? For millions, the Covid-19 crisis has been a source of financial heartburn. Maybe you’ve been furloughed or lost your job. Maybe you’re busier than ever and feel burned out. Investors in [...]
It’s become a truism to say that you “should be greedy when others are fearful, and fearful when others are greedy.” Such sentiments have always been encouraged, from Biblical times to the present. Rudyard Kipling’s poem “If” celebrates the person who can keep their head, when [...]
People think of investing as managing money. But it’s really about managing risk. Risk is the chance that something bad will happen. When we invest, we don’t want bad things to happen to our money. So we try to avoid excessively risky situations. The problem is, [...]
Cash is king! Cashflow determines what a business is worth. When investors put money into a company – whether it’s private, public, high tech, or old school, they want a return on their capital. Those returns come from cash the business can sustainably generate from their [...]
When does your alarm go off? Henry David Thoreau once wrote, “The mass of men lead lives of quiet desperation.” Today, he might say, “Most people are asleep.” In the early 19th century folks had to fight just stay alive: to feed, clothe, and keep themselves [...]
What we call things is important. How items are defined can have real-world implications on how they’re treated. Consider the latest changes in the tax code. Individuals can now only deduct up to $10,000 of the State and local taxes they pay. So high-income people [...]
