I grew up in Western New York, and studied Math & Computer Science at University in the early 1980s. After my time as an undergraduate I took a variety of programming jobs available in the local area. I started my career coding payroll applications, which was well paying but dull…

You never mentioned what many believe to be the most important purpose of a corporation: a liability shield. By incorporating you can shield you personal assets from being seized, should your business fail. Compare to someone who operates on a pass through basis (sadly, I’m in that position, for reasons…

I too hope so, but Facebook / Meta comes across to me as having a very, very arrogant corporate culture. Several times we have seen them threaten to withdraw services from an entire country, unless they get what they want. The simple fact is that Section 230, part of the…

Buffett is an outlier, he runs a re-insurance business and thus is awash in cash. Can’t really include him in any reasonable discussion of the merits of having cash on hand. Warren can’t get rid of cash fast enough. https://medium.datadriveninvestor.com/wanna-get-rich-like-warren-buffett-6d43ba8b6be6

And imagine having to write a letter to your fund’s investors, explaining why you didn’t match, let alone outperform The S&P 500, all while charging a (perhaps excessive) management fee. Sometimes you’ll see managers forgoing expense fees because they underperformed, in an effort to retain client monies. And occasionally this…

Momentum is a powerful force When I was in high school several classmates were in a horrific crash. Alcohol and a fast car don’t mix well even in the best of times. But late at night at high speed, the driver misjudged a curve, hitting a tree. In those days…

Dunno, considering Bitcoin emerged from The Global Financial Crisis it would be ironic if it collapsed into one (if there ever is another, that is). But the 20K or so alt-coins? Yes, likely gone.

Nice article! Learning to effective positive change from a tragedy, good on you. I had the same epiphany after about 10Y in investment banking. People sucked, pressure was high but they threw money at me and, since I grew up poor, I always invested. But only in dividend paying stocks…

Oh gosh, too kind! Ah, I was writing that comment on a train and accidentally omitted the most important part — great article.