In the winter of 2012, I experienced what every traveler dreads: a lost bag. Stranded without so much as a toothbrush, I had to replace everything—and fast. At first, this seemed like a pain. But in the end, I came to see it as a blessing. Why? Because in replacing everything—from head to toe, [...]
What’s changed
This week, a unique event occurred: A group who call themselves the Bogleheads held an investment conference near the Philadelphia headquarters of Vanguard Group. Since its inception in 2000, this annual gathering has brought together dedicated fans of the late Jack Bogle, Vanguard’s [...]
The happiness formula
Clay Cockrell has a unusual job. In his words, he’s a psychotherapist treating the “1% of the 1%” in New York City. From this vantage point, Cockrell has gained unique insights into the lives of the extremely wealthy. And what conclusions does he draw about money and happiness? “If you have an [...]
Yet another reason
Sometimes I feel like a broken record when I talk about the benefits of index funds. And to be honest, index fund advocates—myself included—are sometimes guilty of being a little preachy. So I won’t bore you with the same facts I’ve cited before. But the stock market’s behavior this year is worth [...]
The curious case of Adam Neumann
This week the world met WeWork founder Adam Neumann. The meeting did not go well. In recent months, WeWork had been preparing an initial public offering for its stock, and things seemed on track. But by the end of this week, the IPO had been shelved and Neumann was out of a job. The proximate [...]
