The 3 L’s: Liquor, ladies and leverage

“There’s only three ways that a smart person can go broke…‘liquor, ladies, and leverage.”
-Warren Buffett

If you had leveraged 100% (2x) to buy Warren Buffett’s Berkshire Hathaway shares, you would have been completely wiped out.

It’s a big world out there

“I’m just going to put all my money in an S&P 500 ETF.”
- he said proudly.

Free Lunch

“Tis the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.”
- Don Quixote

Basic economic theory dictates that there’s no such thing as a free lunch. Nobel prize-winning economist Markowitz begged to differ — he called diversification…

Dear Ms. Kusama, how many dots did you paint?

Yayoi Kusama, White №28, 1960
Sold at Christie’s November 2014 for US$7.1…

Mountain or beach?

“Uncertainty is an uncomfortable position. But certainty is an absurd one.”
- Voltaire

We’re human after all

“I will try to spend it as irrationally as possible”
- Economist Richard Thaler said when asked how he would spend his Nobel Prize money

When the image of a black housefly was etched onto the side of a urinal bowl, spillage declined by 85% at Schiphol Airport in…

Choosing the right rocks

“DIF only darling…”
- she said while delicately lifting her teacup and taking a sip

My friend recently tasked me to covertly ask his girlfriend about her diamond expectations. Avoiding disaster, we learned her highly specific and perhaps unrealistic…

Tulips, dotcoms, and the weak human mind

“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”
- Friedrich Nietzsche

We’ve all been guilty of being FOMO (also know as Fear of Missing Out). We see a long queue outside a shop and we…