We have been trying new recipes, again. One of the dishes that was on the list was a skillet lasagna. It’s popular because you can take ingredients you have at home and quickly put together a home cooked meal without a lot of effort. I was hesitant because, in my opinion, the entire appeal of…
It is a common mistake for inexperienced investors to look at the realized or unrealized gains or losses reported by their broker, using it as a proxy for economic reality. Total return, particularly on an after-tax basis, can be wildly different. Here is one real-world illustration of how the difference may arise.
After my post on The Fresh Prince of Bel Air earlier, I began thinking about the media industry. One of the things I find most fascinating when studying history, businesses, mental models, and the human experience, is the unexpected cultural phenomenon. There are certain things that happen, at certain moments in time, that are only…
La Marche des Scythes I’m working from my home study trying to get a bunch of stuff knocked off my agenda now that we are starting the 3rd quarter of the year but I have a certain passage from La Marche des Scythes in my head. I’ve been playing it on repeat at full blast…
On June 26, 2014, I beat my first Deity game in Civ 5. I decided to play a Highland map surrounded by mountains, huge, with maximum city states. Luck of the draw pitted me against Genghis Khan, who was never able to march an army to my capital in time due to the long, almost impassible mountains that stood between us.
My niece and nephew were over at the house a couple of days ago and I ended up playing Eurotruck Simulator 2 with them as I had picked it up during one of the past Steam sales. In it, you want to start a freight company but you have no money so you take driving jobs. As you amass capital, you establish your own trucking business, setup a headquarters, acquire new equipment, and increase profits. You can even program your radio to play your own mp3 files.
The Hobby Lobby decision has been all over the news and it seems like everyone has an opinion on it (few people bothering to read the actual opinion from the Supreme Court). Despite many messages from you asking my thoughts, I haven’t written about it for several reasons. [mainbodyad]I believe this is a case that never should have been…
Estee Lauder couldn’t get an ad agency to accept her company as a client because her budget was too small. Facing rejection after rejection, she decided to take the $50,000 she had set aside for marketing and try something new. Undeterred by the endless stream of “no”, she mailed direct samples to consumers, launched a virtually…
Mental Model: Expression Contagion Whether you are a business leader, running a non-profit, or even a weekday book club, one of the most dangerous assumptions you can make as a decision maker is believing that people implicitly agree with you. A lot of folks mistake lack of opposition for consent or affirmation when that is…
What defines financial success? Each of you probably has your own answer, but here’s how I think about it.