How Joe Campbell Found Himself $106,445.56 In Debt to His Broker in a Matter of Minutes Because He Didn’t Understand the Risks of Shorting Stock

One of the major themes running through my body of work, both on this site and at Investing for Beginners, can be summed up in the statement, “Know your risks”. I hammer it home all the time; “risk-adjusted return”, talk about remote-probability events, explaining how much of wealth building is learning to “tilt probabilities in [your] favor”, admonishment to never invest in something you don’t fully understand and couldn’t explain to a Kindergartener in a couple of sentences. Consider this real-life tragedy a morality tale that can help you protect your own family.

Cecil the Black Maned Lion Killed by Walter Palmer

Financial and Life Lessons We Can Learn from Dr. Walter Palmer’s Cecil the Black Maned Lion Debacle

I’ve been thinking about the story that has captivated the country over the past two days – how, if various news reports are to be believed, Dr. Walter J. Palmer of Eden Prairie, Minnesota, owner of a practice called River Bluff Dental in Bloomington, Minnesota, and two of his guides poached the beloved Cecil the Lion from a national park in Zimbabwe, luring him from the sanctuary where he was protected, injuring him with an arrow before tracking him for two days, shooting him, beheading him, skinning him, and leaving the body behind with plans to mount the trophy in his office.

Data Driven Decisions Can Help End Negative Feedback Loops

Data-Based Decisions Are the First Step to Escaping Negative Feedback Loops

Shortly after Blue Fairy gives life to the eponymous wooden puppet in the 1940 classic animated film Pinocchio, she instructs him that he must, “Always let [his] conscience be [his] guide”.  Were she a rationalist, she might have added an important addendum: “And make decisions based upon objective, high-quality, third-party-recorded data to remove your own bias as much as possible…

The Poisoned Watermelon

The Poisoned Watermelon

There is an old joke that goes something like this… Not so long ago there was a watermelon farmer.  In June, during peak watermelon season, he began to notice that someone was stealing his fruit.  Slowly, but steadily, melons would disappear, along with it his profits. He tried everything until one particularly fine morning, he had an idea.…