$35,000,000 I don’t own a tinfoil hat. But the more I read and the older I am, I understand when people say the “system is rigged and against them.” One abundantly clear thing is if someone is in the top 5% or 1% or 0.1%, then the system works for them…

79. Hi Everyone, “To understand what it means to live longer, you have to understand what ends life.” — Peter Aittia When I heard Peter say this in a podcast with Tim Ferriss last week, I immediately thought of what kills great retirements. There are only two things that kill great…

2.7% “Our liquidity position is strong, we are adequately capitalized.” - Alan Schwartz, Bear Stearns (March 2008) As I write this letter to you, it’s late morning on the West Coast of the US. As of right now, the following bank stocks have halted trading on US stock exchanges: First Republic…

$4.2 Trillion Hi Everyone, The direction the market is in today is temporary. But when daily temporary moves get strung together, they are not temporary anymore; they become one of two things: either a trend (moving up or down,) or a sideways, directionless market. What you don’t want to be…

8006. Hi Everyone, You will make better friends and lead a much better life by learning (as soon as you can) that the three biggest ingredients to a great life are: sleeping well, exercising, and a clean diet. …

0.2% Hi Everyone, “The position you find yourself in determines the options available. Almost all the options available are positive when you put yourself in a good position. When your position is bad, however, almost all the options available are negative. …

“Dad, can we go to the mall?” The worst answer I can give my daughter is “maybe.” She hates it. And she has told me as much. She’d rather get a “no” to a question than a “maybe.” …

-39% The evidence is beginning to mount that the stock market bottom was put in three months ago. One would think that is all someone needs to know. It’s not. Now the hard work begins. The questions an investor asks themselves are very important. Here are some of the questions I’m…

I don’t usually do this, but I’m starting this week’s article with three quotes that tell a story that most of us are familiar with. Quote #1: “It doesn’t get any less scary. All that happens is that you have less life left. It helps if you do your falling…