In the summer of 2011 a rural Illinois man named Wayne Sabaj was in his backyard picking broccoli. As he bent down, something caught his eye. Half buried in the dirt, he found a sealed nylon bag. Inside was $150,000 in cash. For Sabaj, who was unemployed and had, in his words, “spent my last ten [...]
Better than you might guess
In my work as a financial planner, there's one topic that always seems to raise an eyebrow: Social Security. When people see projections of future retirement benefits, oftentimes they respond with skepticism. My sense is that media reports questioning the solvency of the system have led people to [...]
Careful
My friend Rostislav, who would know, tells me that in Russian there is no equivalent for the word “privacy.” That's because, in Russian culture, privacy, as we understand it, is a foreign concept. In schools, for example, children's grades are posted publicly, and it is not impolite to ask someone's [...]
Ronald Read
Perhaps you have heard the story of Ronald Read. A lifelong resident of Brattleboro, Vermont, Read was a quiet man. He preferred flannel shirts and spent much of his career as an attendant at a local gas station. Yet, when he died in 2014, even his closest friends were surprised to learn that Read [...]
Why you should care about the dullest headline of the week
This week the government issued its monthly inflation data report, and the headline could have put you to sleep: “Consumer Price Index Rises 0.2% in April.” It would have been easy to skip over this seemingly insignificant story for two reasons: First, the way the government reports inflation data, [...]
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