I got to interview an absolute legend in the financial planning world. George Kinder, the Father of Life Planning, is an author and thought leader I have followed for over 15 years. He’s written several books on Life Planning, a subset of financial planning techniques he developed. Four years ago, I was lucky to speak…
Behavioral Finance/Psychology
Sliding Doors
Famed behavioral psychologist Daniel Kahneman died two weeks ago at age 90. You probably heard about it even if you live outside the finance and economics bubble. Kahneman is a Nobel laureate who co-authored the seminal paper Prospect Theory with his research partner, Amos Tversky. Prospect Theory identified loss aversion for the first time and…
Same As Ever: The Perfect Complement to The Psychology of Money
When Morgan Housel published The Psychology of Money, I wrote that it would be the finance book of the year. I grossly underestimated it. Psychology of Money has sold over 4 million copies. It has become my standard gift to graduates and young people searching to learn about money and investing. Now, that gift will…
Church of Apple
In first grade, my elementary school opened a new campus. It had a computer lab stocked with Apple MacIntosh computers. For one hour each week, we learned coding language on an application called Logo Writer. If we were lucky, the teacher would let us play Oregon Trail when our assignments were complete. I remember the…
Numbers on a Screen
Dealing with money is less tangible today than at any time in the history of money. Paychecks are directly deposited into bank accounts. Bills are paid automatically online. Debit and credit cards can be used everywhere (even in NYC cabs), and we are quickly adopting the use of Apple Pay, Venmo, and Zelle for a…
Endowment Effect – Housing Market Edition
We just went under contract to buy a house. Yes, in this market with these interest rates, we are buying a house. We can’t put our life on hold because interest rates are higher than they were a year ago. The real world doesn’t work like that. Humans are, as it turns out, not economic…
The Worst Time to Invest with Warren Buffett
Warren Buffett is arguably the greatest investor of all time, to date. His track record is undeniable. Between 1965 and 2020, Berkshire Hathaway stock had an average annual return of 20%, almost double the return of the S&P 500 Index. Of course, we all know he’s the GOAT now, but how would investors have evaluated…
Come On Ride The Train
In case you missed it, we launched a cryptocurrency index a few weeks ago. With great anticipation and excitement, my account was funded and traded on launch day. I waited until late in the afternoon for confirmation that the wire from my bank did in fact make it to my new crypto account and breathed…
Pluto is a Planet
Science was the first academic subject I stopped pursuing, and I regret it. In high school, the only science options senior year were A.P. and required an extra hour for the lab work. I had other priorities, including a semi-professional dance career that took up a lot of my time. In college, I took the…
Unknown Unknowns
For over a year, I’ve been kicking around a blog idea in my head that I just couldn’t figure out how to write. The premise – America has a math problem. That math problem became painfully clear to me during the early days of the COVID-19 pandemic. I cringed each time I heard a misguided…