What is a Model? A good model is a simplified but accurate representation of reality that can help us to…
“Rather than love, than money, than fame, give me truth.” – Henry David Thoreau Pursuing money for the sake of…
No one ever complains about having too much money. There is an asymmetry there. But why does that asymmetry exist?…
Markets are made up of companies which are made up of individuals and their respective choices. For a market system…
“Paper money eventually returns to its intrinsic value – zero.” – Voltaire In this blog post I will cover…
“Do not buy the hype from Wall Street and the press that stocks always go up. There are long periods…
“Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger …
“The budget is not just a collection of numbers, but an expression of our values and aspirations.” – Jacob Lew…
“The first principle is that you must not fool yourself – and you are the easiest person to fool.” -…