February 5, 2012

Kiton Suits Literally Take My Breath Away …

Kiton Suit Investment Banker Bespoke

I have seen bespoke heaven and it is Kiton.  If this is how women feel about shoes, I now understand them. I saw pictures of Kiton suites and was reading an article about them. My heartbeat began to accelerate, I got warmer and I wanted to scream. That is how amazing and happy they made me feel. They are made specifically to your body so that every movement, every fabric is designed to your tastes. Oh, you mark my words, when we go into hedge fund mode in a few years, this is what I will … [Read more...]

Mental Model: Satisficing

Charlie Munger Mental Models

Satisficing: A psychological and economic phenomenon that results from consumers choosing a product that meets criteria at an adequate level, rather than expending a great deal more time to find a fully optimal solution. Put another way, people are not looking for optimal solutions in their life.  They are looking for a combination of "just good enough" or "better than average" weighted by the total effort or cost expenditure necessary to acquire said solution.  People don't want a better … [Read more...]

The Bosendorfer Strauss Grand Piano – A Real Life Lesson in the Time Value of Money

Bosendorfer Strauss Grand Piano

The Opportunity Cost of a Bosendorfer Strauss Grand Piano I'm going to teach you a financial technique that can help empower you to make informed choices about your own life and keep more cash in your pocket.  I've been using it since college and it's done wonders from my bank balance and investments. From the time I was a kid and had only a few thousand dollars in the bank, I have wanted either a Steinway & Sons Model B grand piano and / or a Bosendorfer Strauss model grand piano, … [Read more...]