In their new book, The Missing Billionaires, Victor Haghani and James White make an interesting argument. Looking at the number of millionaires in the United States in 1900 and doing some math, they estimate that there should be many more billionaires today—thousands more, in fact—than there are. [...]
The five seasons
In his book Just Keep Buying, Nick Maggiulli makes an observation about the world of personal finance: If you Google common questions such as “How much should I save?” you’ll receive more than 100,000 results. It’s an overwhelming amount of information—almost too much to be useful. But there’s a [...]
Not-so-tough choices
When I was a kid, I recall that a popular expression was “same difference.” It meant that two choices were essentially interchangeable. Despite its informality, it turns out that this idea can be helpful in financial planning. While some financial decisions are very important—and thus warrant [...]
Under the hood
There’s a funny story about Thomas Edison. When he was a child, apparently, he decided one day to set fire to the barn on the family’s property. After it burned to the ground, his parents were furious. “Why would you do such a thing?” his father asked. Young Edison replied, “I wanted to see what [...]
Evelyn Bartlett
In Ft. Lauderdale, Florida, an unusual property sits wedged in among a row of waterfront mansions. It’s a 35-acre patch of wooded wilderness with just a single home, called Bonnet House. It was for many decades the winter residence of a woman named Evelyn Bartlett. Mrs. Bartlett first began [...]
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