If any of you remember the television show Boston Legal, each episode ended with two main characters, great lawyers Denny Crane and Alan Shore, having drinks and cigars on the balcony discussing the cases and events of their day. They were best friends that took time to block of a private area of their lives that…
DetailsThere are three ways to make a lot of money in business. Typically, most businesses that are successful at making money do it in one by focusing on one of three models. They either: Sell many things at a low price Sell few things at a high price Sell many things at a high price By way of example, let’s look…
DetailsSteven Pinker makes a number of lucid, persuasive arguments about culture and its role in human development in his masterpiece The Blank Slate. He posits: The phenomena we call “culture” arises as people pool and accumulate their discoveries, and as they institute conventions to coordinate their labors and adjudicate their conflicts. When groups of people separated by…
DetailsI have done it! My champion in Elder Scrolls: Skyrim, Azrah Gestahl, has reached Level 100 Conjuration, Level 100 Destruction, and Level 100 Enchantment. My overall Level is 47, so I’m about to hit the soft cap of 51 that the gaming forums say is in place. I’m in the process of creating a set of ultimate weapons and armor, upgrading my old “Ganon’s” series to a new, “Lord Ganon’s” series en homage to the legendary villain of The Legend of Zelda series. This allowed me to create a situation that got the mathematical cost of all destruction spells, regardless of their power, to zero. Infinite power. Unlimited magic.
DetailsI’ve never understood those who believe love is a weakness or somehow mutually exclusive from financial and professional success. Mind you, I’m not talking about infatuation or being in love with the idea of love, endlessly pursuing the flavor of the week or looking for a never-ending stream of feel-good butterflies and chocolates, but actual…
DetailsTaking advantage of the right stock matching and retirement investing benefits, it would be possible to almost instantly double your money due to company matches if you and your spouse worked for a company such as Wal-Mart Stores.
DetailsSaving money is important. Investing money is important. But if you don’t cash in some chips at some point in your life, all of your efforts will have been wasted because those claim checks on society will be taken by the government, spent by your heirs, or redistributed through fees and expenses by professionals such as attorneys left to sort out the inevitable lawsuits that result in the fight over your fortune after you’re gone.
DetailsWith all of the Elder Scrolls: Skyrim activity going on in every corner of my life, I began thinking about the various video game platforms and the video game industry as a whole. Going back to this summer when we were playing Castlevania: Lords of Shadow, which I bought on a whim, caused me to realize something: No one in my household, or in the households of my extended family, takes the Nintendo Wii seriously.
DetailsHere are some words of wisdom I came across about portfolio management and building wealth from billionaire Charlie Munger. We’ve really made the money out of high-quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the…
DetailsIn economics, opportunity cost is defined as the cost of not choosing the next, best alternative for your money or time. Everything in life has an opportunity cost. If you want to go to the movies with friends it means you can’t stay home and read a good book. If you want to spend cash on…
Details
