We’ve talked so much about how no one, other than economists, want to discuss what is really driving a significant portion of income inequality – technological advancement – but I came across another perfect illustration of how radical the shift to a knowledge economy away from an industrial one has been for the labor force.…
For his 31st birthday this week, Aaron presented me with the menu he wanted me to make for his dinner. I was happy to oblige, especially given the birthday dinner he gave me. He was very specific, requesting: Main Course – Slow-roasted, French-style braised short-ribs simmered in a red wine reduction with carrots and onions, served over…
Correlated risks that aren’t apparent at first glance can be some of the most dangerous risks to your business or investment portfolio because you haven’t adequately prepared for something to go wrong. That is why I so often mention correlated risk so that you don’t think you’re more diversified than you are in reality.
I’ve never smoked. I hate the taste of alcohol. I’ve never done drugs. I did well in school and became successful at an early age. I save way more than I spend, growing my family’s investments every year. I’m far more productive than the typical person in my country. Specifically, the average American spends a staggering…
You know that old television show 7th Heaven? Sometimes, I think I live in it. I was woken up this morning by my five-year-old niece, two-year-old-nephew, and grandmother (their great-grandmother) calling a phone I keep beside my bed. She (my grandmother) was watching the kids; they missed us and wanted to talk since we hadn’t…
By now it should be no surprise that cheese in on my mind. (I was excited for the suggested cheeses several of you left on the other post; thank you for those!) I have a huge book on its way that details the different types of cheeses, how they are made, the flavor profiles, and more, which I can’t wait to dive into sometime next week. I’m not quite so ready to begin actually making artisan cheeses ourselves, but I do want to add this topic to the list of things we know beyond the education that has been picked up through trial and error over the past few years due to our culinary pursuits.
We’ve done it again. Despite our own stupidity, and constant attempts to trip ourselves up with in-fighting, at this exact moment, by nearly every conceivable economic metric, the United States has the largest group of individual people enjoying a higher standard of living, more total wealth, longer median lifespans, and more free time than any other civilization that has ever existed, at any point in recorded human history. There has never been a point when life is better than it right now. You’re living it. I feel like we should go get a cake or something.
With all of the cooking we’ve done in the past few years, one of the biggest changes is the revelation we had about the value of good cheese. There have been three cheeses that stood out as exceptional. We still have a lot to learn about this culinary sub-category, but when you come across a wedge that is a winner, it’s a thrill because you add an entirely new flavor profile to your repertoire.
As I read through the S&P 500 tear sheets this afternoon, I found myself hungry, having not eaten much since last night. I asked Aaron if a short, one-hour trip to the grocery store were a possibility. We ended up making pan-roasted chicken with rosemary, garlic, and white wine.
This ethical dilemma comes from a (presumably) real-world question sent in to Gawker. It caught my attention because we’ve talked about the mental model of information asymmetry, and this is an excellent example of how it plays out in life, as well as the six most common biological sexes found in humans. The Ethical Dilemma: “I’ve been…