When it comes to your financial life, should you care what other people think? I’ve always found this a tricky question. On one hand, it’s easy to fall into the trap of keeping up with the Joneses. If you care too much about what other people think, life can become very expensive. And that can be [...]
9 ways to gain perspective
A little while back, I found myself in an Uber, when the driver began to share his political views. Before too long, it became clear that his point of view was well outside the norm. For example, he explained that the Federal Reserve Bank is not a government entity, as most people believe. Rather, [...]
A tribute
This week I have something a little different: a tribute to one of my personal finance mentors. My father-in-law—known to his family as Papa—passed away last week. After 96 years, he had developed a number of money habits that were unconventional but quite effective. I’d like to share three of those [...]
122 years old? Really?
Fraud wears many faces—but perhaps the most unusual is that of Jeanne Louise Calment. For years, the French-born Calment, who claimed to have been born in 1875, was celebrated as the world’s oldest person. By the time she died in 1997, she would have been 122— if she had been telling the truth, that [...]
Alcohol, tobacco and firearms
This week, I learned about an innovative approach to investing. A new firm called Life + Liberty Indexes has created what it calls the Freedom 100 Index of emerging markets stocks. Unlike other indexes, which typically weight stocks in proportion to their size, the Freedom 100 weights countries by [...]
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