Category: Decision Making

Governments Are Different


Suppose I told you that governments have an impossible task and they are doing their best. In some ways that is probably true. The problem is that their ideas of what is best conceivably, are different than yours are. The reason theirs turn out… Continue Reading “Governments Are Different”

Don’t Take A Knife To A Gunfight


What, if any, is the duty of a financial adviser to educate their client as to macro and micro economics, taxation, psychology, longitudinal spending models, mortality and morbidity models, financial products and processes, financial planning in general, their plan in particular and how they… Continue Reading “Don’t Take A Knife To A Gunfight”

Optimized And Perfect Are Not The Same


Life is funny. There seems to be no certain way to get everything you want. A key element of life is determining what matters to you most and getting more of that and less of something else that does not matter or matters only… Continue Reading “Optimized And Perfect Are Not The Same”

Interesting Times


There is, purportedly, a Chinese curse that says, “May you live in interesting times.” Given events over the past five years, it appears that the curse may have been invoked. As always the question is, “What are you doing about it?” Turbulent times need… Continue Reading “Interesting Times”

Getting Money


Every parent must sooner or later have a conversation with their children about how money works. What it is, where it comes from, and what they can do about it. For many years that conversation was confined to a few variables. Develop your skills,… Continue Reading “Getting Money”

Learning From Failure


Today I am a curator.  A selector of material organized along a common theme.  The theme is – success follows failure.  I often heard, “Good decisions are the result of experience and experience is the result of bad decisions.” or perhaps, “Experience is the… Continue Reading “Learning From Failure”

Path of Least Resistance


Somewhere in many of our minds is the idea that taking the path of least resistance is somehow wrong. Well maybe not wrong but not honorable. Slipshod. Is that belief justified or is it an oversimplification that has no place in our complicated world?… Continue Reading “Path of Least Resistance”

Belief Derived Reality


I have been reading, “The Believing Brain” by Michael Shermer.  It is worth a look.  His summary of the book: We form our beliefs for a variety of subjective, personal, emotional, and psychological reasons in the context of environments created by family, friends, colleagues,… Continue Reading “Belief Derived Reality”

Why We Have Insurance


Can we be safe? Really?? I wonder. I have noticed the Lac Megantic rail tragedy, the Calgary flood, the 777 crash in San Francisco that Sheryl Sandberg missed by a fluke, and the untimely deaths of James Gandolfini and several children left in overheated… Continue Reading “Why We Have Insurance”

A Conclusion So Bad It Is Not Even Wrong


If you give someone an exam, especially a standard exam, that requires that the student repeat the right answers, then, based on the results, you will decide that today’s students are inept compared to their predecessors. While that is a possibility, it is more… Continue Reading “A Conclusion So Bad It Is Not Even Wrong”

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