Category: Decision Making

Addressing Meaning


It does not matter what you know until you know what it means. I was told recently that I should own a lot of gold because the United States owes $17 trillion dollars, China is a huge creditor and they can bust the Americans… Continue Reading “Addressing Meaning”

Fear Causes Risk


If you are fearful, you will tend to respond to situations poorly.  It is like the Laffer Tax Curve.  Beyond an optimal point, the more your raise the tax rate, the less tax you get.  With fear, the more upset you are, the lower… Continue Reading “Fear Causes Risk”

Why Keep Track?


What is the accounting department for?  If you could avoid filing tax returns, would you even have one? Information used to be power but not now.  There is too much of it to be useful.  Meaning though, remains useful and you need information to… Continue Reading “Why Keep Track?”

Academia And The Real World Conflict


Is the U.S. losing world influence or is their foreign policy a deep and mysterious game that will provide them with a wonderful outcome? I must admit that until Monday I had not considered that their foreign policy was anything other than an inept… Continue Reading “Academia And The Real World Conflict”

Dealing With Risk-ish


I have been thinking about “‘ish,” mentioned yesterday.  Understanding “‘ish” allows you to understand risk in a productive way. The Law of The Excluded Middle harms us when we have to think about probabilistic outcomes.  We are subconsciously expecting true or not true.  Not… Continue Reading “Dealing With Risk-ish”

A Financial Plan In Five Acts


Act I  – Establish the Mission Establish your vision in terms of what it means for your life.  Not necessarily a number.  (What lifestyle, what security, with whom, when, where, why one way instead of another) Assess your resources Assess the real world backdrop. … Continue Reading “A Financial Plan In Five Acts”

Ice Cream Will Always Melt In The Sun?


It used to. Not necessarily now. Lower price does not indicate better value. This story from Cincinnati has gotten national coverage and demonstrates the point. Why a Walmart ice cream sandwich just won’t melt It happened in summer. Ice cream should melt, but the… Continue Reading “Ice Cream Will Always Melt In The Sun?”

Price Is A Poor Proxy For Value


Investment fund management fees are neither too high nor too low when you analyze them in isolation.  They are just a number. Fees are the price of doing business in a particular way.  That price could be very high or very low depending on… Continue Reading “Price Is A Poor Proxy For Value”

Legal Advice Re: Litigation


This comment appeared today on the article, Things Lawyers Know. Anyone who is puzzling litigation should read what Toronto lawyer, Aaron Schwartz has to say and then pay attention. From all of us, thank you Aaron. You can find more at http://www.aaronschwartzlaw.com Read the… Continue Reading “Legal Advice Re: Litigation”

Getting What We Deserve


Most defendants in criminal cases do not wish to get what they deserve.  We have, in the past half century, lost track of the idea of achieving what we deserve.  That idea has moved more towards getting what we want.  Easy credit, government programs… Continue Reading “Getting What We Deserve”

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