Financial Freedom Is Merely Organized Common Sense
Facts are difficult things to get a handle on. Think a little deeper.
What you don’t make with earnings, you must get from capital
Who bested who in the Manhattan Sale? In 1626, Dutch settlers, led by Peter Minuit, bought Manhattan Island from the Canarsie first nation for $24. Is this a case of the Dutch taking advantage of the aboriginals or the aboriginals taking advantage of the… Continue Reading “Why Tax Alpha Matters”
Someone asked why the rule of 72 works and as an approximation, how good is it? Both questions are fairly easy to solve with a spreadsheet. I doubt they were so easy 40 years ago. Here’s how you think about it. The question is:… Continue Reading “The Rule of 72 and The Rule of 116”
Of interest to those who misunderstand exponential growth. Two days ago I made the point that if the last 114 years are a guide, then the Dow Jones Industrial Average, with no dividends considered, will be at 1,000,000 by the end of the century,… Continue Reading “More On The Dow At 1,000,000”
Time matters. It is a part of every plan. Many of us handle this part badly. Time exists so that everything will not happen at once. That fact is a problem for many because we have, as a society, lost the ability to be… Continue Reading “Time Matters In Any Plan”
When something takes a long time to work, there is a tendency to adjust, or change, or even to quit, part way into the proceedings. That works if you establish that what you are doing is wrong. That fails the rest of the time. … Continue Reading “Quiting On The 2-Yard Line”