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The Least Bad Choice

The Big Picture

This is why asking people what they will do, think, or feel in the future, or how they might behave is a nearly impossible task. Even as inflation peaked in June of 2022 and fell from 9% to 3%, people remained angry. Now for the shocker : As bad as that sounds, the alternatives were much worse.

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Six Degrees of Separation

The Big Picture

I wonder how far my view of the universe is from (objective) reality. My pal Dave Nadig suggests that we are all much further away from any sort of recognition of the true universe than we suspect. Best I can figure, we may all be at least six degrees 1 away from truly comprehending, well, anything: 1.

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WFH vs RTO

The Big Picture

How much collaboration can you do remotely? How much screen time are you wasting in the office? As always, there are much broader factors driving this issue than what appears on the surface. As always, there are much broader factors driving this issue than what appears on the surface.

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9 Figures Is How Much?

Good Financial Cents

When we mention nine-figure sums, we’re talking about a truly astronomical level of wealth. To put it in perspective, nine figures represent anything from $100,000,000 all the way up to $999,999,999. This figure surpasses the GDP of several small nations. How Much Is a 9-figure Salary?

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10 Quotes That Shaped My Investment Philosophy

The Big Picture

Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing. We model the economy, we model markets, we create Monte Carlo simulations of how our portfolios will perform.

Investing 345
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Déjà Vu? 2023 is Not 2008

The Big Picture

Having full access to bank accounts meant those tech start-ups that make up much of SVB’s depositors would be able to make their weekly payrolls. This is how capitalism is supposed to work. How many of you thought, “ Here we go again. ”? There are surely parallels between then and now (as there always are). Blame Game?

Banking 339
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RIP Charlie Munger : Farewell to an Icon of Investing

Dear Mr. Market

Dear Mr. Market: In the world of finance and investing, the passing of a visionary figure leaves an indelible mark on the landscape they helped shape. “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.”

Investing 105