There’s columnist on the MarketWatch site called The Moneyist who people write to for advice in financial matters. By my very rough estimate, about half the queries are about inheritances, and most everyone who writes in feels like they are getting screwed - go figure. And the money involved is rarely even significant much less life changing. It’s all about the emotions. As this is also a financial site, seems to me it’s worth noting that the best approach in life is to chase your own financial success and ignore chasing or expecting someone else’s money. It’ll just make you unhappy & disappointed.
The end result of the passage of the Billionaire Welfare Bill is gonna be a bigger federal deficit, increased national debt and rising rates of return of TBills. My guess is that longer term Bills will yield at least 5% and maybe even get to 6% in 2026. My advice: be prepared, especially in retirement accounts with no immediate tax consequences, to sell equities and buy federal debt. Or in other words, turn the current administration’s chaos into your cash flow. With no capital risk.
Sorry. I disagree. The duality of Rene Descartes made sense in the 1600s. But now it is well established that our minds and bodies are and integrated system. If one is neglected, the other suffers. Especially as we age. Unless you want to force your children to have to decide wether or not to invoke their selfish genes, we’d all be better off following the advice of Howard Luks: “Create a caloric deficit, then stay lean. Get sleep. Eat real food. Move often, throughout the day. Push and pull heavy things. Socialize. Have a sense of purpose.”
— Longevity...Simplified: Living A Longer, Healthier Life Shouldn’t Be Complicated by Howard Luks
There have been quite a few reports that people who take a semi-glutide become very dissatisfied or depressed when they realize that the drug didn’t change their life - it just made them thinner with the same life.
You should be proud of yourself for not acquiescing to the demands of society or family or whoever to have kids if it wasn’t something you wanted to do. Having optionality is the key (just ask NassimTaleb). You only get one go-round in this life and it is extremely important to live it the way that gives you meaning so that when you’re on your deathbed you’ll feel like you played your hand the best you could. so, as the Aussies say, good on ya!
Taleb’s book did have elements of snark, but it also contained a ton of wisdom. For finances and for life. Especially his idea of a barbell approach to investing. 80-90% safe bets, and 10-20% bets that are riskier and might have a tail. Because a portfolio with any stocks that had tail events is a lousy portfolio.
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There’s columnist on the MarketWatch site called The Moneyist who people write to for advice in financial matters. By my very rough estimate, about half the queries are about inheritances, and most everyone who writes in feels like they are getting screwed - go figure. And the money involved is rarely even significant much less life changing. It’s all about the emotions. As this is also a financial site, seems to me it’s worth noting that the best approach in life is to chase your own financial success and ignore chasing or expecting someone else’s money. It’ll just make you unhappy & disappointed.
Post: Estrangement & Estates
Link to comment from July 26, 2025
The end result of the passage of the Billionaire Welfare Bill is gonna be a bigger federal deficit, increased national debt and rising rates of return of TBills. My guess is that longer term Bills will yield at least 5% and maybe even get to 6% in 2026. My advice: be prepared, especially in retirement accounts with no immediate tax consequences, to sell equities and buy federal debt. Or in other words, turn the current administration’s chaos into your cash flow. With no capital risk.
Post: Dividend Days
Link to comment from July 5, 2025
Sorry. I disagree. The duality of Rene Descartes made sense in the 1600s. But now it is well established that our minds and bodies are and integrated system. If one is neglected, the other suffers. Especially as we age. Unless you want to force your children to have to decide wether or not to invoke their selfish genes, we’d all be better off following the advice of Howard Luks: “Create a caloric deficit, then stay lean. Get sleep. Eat real food. Move often, throughout the day. Push and pull heavy things. Socialize. Have a sense of purpose.” — Longevity...Simplified: Living A Longer, Healthier Life Shouldn’t Be Complicated by Howard Luks
Post: Beyond the Balance Sheet: Investing in Yourself
Link to comment from June 28, 2025
recognizing opportunities is far more important than being prepared. If ya wait to trip over a four leaf clover you’ll always be unlucky.
Post: Why We Struggle
Link to comment from January 4, 2025
There have been quite a few reports that people who take a semi-glutide become very dissatisfied or depressed when they realize that the drug didn’t change their life - it just made them thinner with the same life.
Post: My Ozempic Nightmare
Link to comment from December 14, 2024
You forgot to mention the effects of a pandemic.
Post: Begin by Quitting
Link to comment from October 12, 2024
You should be proud of yourself for not acquiescing to the demands of society or family or whoever to have kids if it wasn’t something you wanted to do. Having optionality is the key (just ask NassimTaleb). You only get one go-round in this life and it is extremely important to live it the way that gives you meaning so that when you’re on your deathbed you’ll feel like you played your hand the best you could. so, as the Aussies say, good on ya!
Post: Kristine Wonders: Does Not Having Children Change How You Plan For Retirement?
Link to comment from August 17, 2024
Taleb’s book did have elements of snark, but it also contained a ton of wisdom. For finances and for life. Especially his idea of a barbell approach to investing. 80-90% safe bets, and 10-20% bets that are riskier and might have a tail. Because a portfolio with any stocks that had tail events is a lousy portfolio.
Post: The Risks We Miss
Link to comment from July 13, 2024
Great list! And if you need to boil it down to one rule, I vote for #1. It’ll keep a lot if us alive.
Post: Falcone’s Rules
Link to comment from July 6, 2024
You misquoted Tyson. The actual quote is “Everyone has a plan 'till they get punched in the mouth.”
Post: More Than Money
Link to comment from January 3, 2024