Tag: Don Shaughnessy

The Rule of 72


The rule of 72 is an arithmetic trick that helps you understand compound growth.  It will not make you intuitive but it will help you to understand when to look deeper. Here’s how it works.  The time until money doubles under a constant rate… Continue Reading “The Rule of 72”

Stress And Responses To It


Decision making under stress is a losing activity so avoid re-organizing your financial affairs when you are stressed. The decision is important and can affect a long time. Stress puts too much emphasis on immediate factors. Giora Keinan in a 1987 article (Journal of… Continue Reading “Stress And Responses To It”

The Equal Division Of Nothing


“Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is – the strong horse that pulls the whole cart.”… Continue Reading “The Equal Division Of Nothing”

Six Thoughts About Work


Some days it seems that people have forgotten or maybe never knew the fundamentals of success.  Work is one of the fundamentals.  If it was easy to get what you want, you probably would not want it or would already have it. Six thoughts:… Continue Reading “Six Thoughts About Work”

Dealing With An Eviction


In Genesis, Adam and Eve made a blunder and God expelled them from the garden. Since then, people have tried to reconcile this tragedy with their needs for better future outcomes. This has led to several large-scale societal movements. Religion: Find a way to… Continue Reading “Dealing With An Eviction”

Four Option Eight


When I was young, I was a semi-competent golfer but I had two serious mental flaws and it took me a long time to get over them.  “All or nothing” and “That is not a mistake that is a challenge.”  I am in remission on… Continue Reading “Four Option Eight”

Does Your Financial Plan Require Drama


Are you emotionally attached to your financial plans? Probably. Should you be? Harder to know that. For now, let’s say “Yes” but only to a small degree. You should be emotionally attached enough to pay attention, listen to advice and act on the decisions… Continue Reading “Does Your Financial Plan Require Drama”

The Need For One-Armed Economists


“You have to choose (as a voter) between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect for these gentlemen, I advise you, as long as the… Continue Reading “The Need For One-Armed Economists”

Ben Franklin Made a Mistake


On the 13th of November 1789, Benjamin Franklin wrote a letter to French scientist, Jean-Baptiste LeRoy. A famous, but erroneous, maxim is found therein. Translated from the French, “Nothing is certain except death and taxes.” Why is that erroneous? The reality is that taxes… Continue Reading “Ben Franklin Made a Mistake”

Why Strategy Matters


You can do everything right and still get the wrong answer, because, in the beginning you sought the wrong right answer. Strategic level thinking emphasizes balance and careful definition of goals and the tradeoffs required to get what you want. We are three people,… Continue Reading “Why Strategy Matters”

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