Aaron’s mom hadn’t been to the symphony here in town since the new performing arts center opened so we decided to take her to dinner and a performance. I completely forgot it was tonight because I started my first Korean drama in two months a few days ago and had scheduled some time to watch…
You need to read this magnificent article in The New York Times that breaks down the economic phenomenon we went over several years ago when we looked at the work of Harvard Professor Charles Murray, who demonstrated that a significant driver of income inequality in the United States was caused by a radical shift in the…
There are a handful of books I re-read to refresh some of the timeless lessons I think are important. One of them, which you can probably tell from some of my recent posts, is Security Analysis. I recently started my way through the updated Sixth Edition, based on the 1940 text, and the clarity of thought never ceases to amaze me.
We talk so often about the divide that is slowly happening in the United States as a result of socioeconomic forces. I did a double take this afternoon when I came across the front page of The Wall Street Journal involving a story based on this reality. It has a profile detailing how vastly different life experiences…
I’ve been browsing real estate all day for a project that needs my attention. I ended up wandering from community to community, and at one point, clicking on random states. I somehow came across what has to be the ugliest piece of property I’ve ever seen in my life but now I can’t look away. I’m fascinated.
My youngest sister made our day yesterday by stopping by the house to visit for a few hours. She had been at the NakaKon convention in Overland Park and saw an 8-bit pixel Metroid collectible she thought I’d love. She was right. Upon holding the specimen, I temporarily reverted to a six year old, 1980s-living, NES-dominating beast. Behold, and listen to the theme if you need some adequate inspiration.
The word Mokita is a fantastic word taken from a language called Kivila. It is spoken in Papua New Guinea. The best English translation you can get of Mokita is, “the truth we all know but agree not to talk about.” There are several concepts in the English language related to the notion of Mokita, such…
Tesla Motors, the Silicon Valley-based electronic car company that has revolutionized energy efficient vehicles and become a cult icon, operates its business like Apple. It designs amazing products, then sells them direct-to-consumers through specialty branded stores, staffed with knowledgeable sales associates. By cutting out the middleman, Tesla can pass more savings on to the consumer,…
Why do successful individuals and family seem reluctant to support poorer school districts, resulting in greater inequality?
So much misfortune in life can be sidestepped if you simply make it a rule to never stretch your finances, yet it’s a rule I see violated more than any other both through observation of those around me and through the messages I receive. Someone can afford a $150,000 house but they try to buy a $250,000 house. Another can realistically go to a college that will cause them to graduate with $10,000 in debt but they want to sign up for the program that will put them $40,000 in debt. Then, not only do they have to hustle to try and meet their legally promised payments, they have to pay rent (in the form of interest expense) on the savings they’ve temporarily borrowed from someone else through an intermediary such as a bank.