April 26, 2017

Don’t Risk What You Have and Need for What You Don’t Have and Don’t Need

Game theory exhibits again and again that people are risk-averse to their detriment. We value a bird in the hand rather than two in the bush, beyond what makes mathematical sense. The common theories associated with this conclusion typically adhere to a Darwinian explanation whereby excessively daredevil-minded forefathers hurt themselves […]
February 29, 2016

The Power of Compounding: Weeds on a Neglected Tomb

Put just a little away. 3 bucks a day over 40 years should result in a million. $3 a day. And you can do better than $3 a day. Nobody gets rich; everyone can amass wealth. It is really hard to get rich quickly. Win the lottery or start a […]