February 8, 2012

A Night at the Casino

Ruby at the Casino

Ruby wanted to visit a much larger casino, so Aaron and I took her to the Ameristar casino in Kansas City and she treated us to dinner and a bit of gambling money (with firm instructions that I *had* to spend it in the casino - I was not allowed to pocket it and invest it, as is my habit with everything that flows into my life - which made me laugh because my family knows me well). Here are some pictures of where we went with the rest of this post written in the captions of each image. … [Read more...]

How to Make Money in Fable 2 – Or, How I Made My Fable 2 Character a Millionaire in a Few Days Without Cheating

Fable 2 Limited Edition Box Set for XBOX 360

It's remarkable that the same concepts that allowed me to be effectively retired by my mid-twenties allows me to frequently become rich in video games. That's the nature of compounding.  It is a law, exactly like gravity. This weekend, Ashly and Ian drove in from Columbus to visit - they are thinking about relocating to this area next March so that she can work with us on the businesses and he can work as a nuclear engineer at a nearby facility.  Right now, she's a risk mitigation analyst … [Read more...]

The Psychology of Human Misjudgment by Charlie Munger

Charles Munger, Vice Chairman of Berkshire Hathaway

By Charlie Munger (Warren Buffett’s partner at Berkshire Hathaway) Speech at Harvard Law School (1995) Transcription of The Psychology of Human Misjudgment, comments [in brackets] by Whitney Tilson.  Note from Joshua Kennon: I've written a lot about Charlie Munger over the years, especially the influence he has had on my life and how we run my companies by using our own mental models.  This is one of the best speeches Munger ever gave ... which may be why my family owns about a dozen … [Read more...]