As you move up the career and net worth ladder, you will be presented with opportunities from generally well-meaning friends, colleagues and aquaintances about the exciting world of ‘angel investing’. You probably already heard the words before and perhaps even imagined fantasy visions of getting a mouth-watering 100x or 1000x returns from picking the next Google, […]
Efficiency is beautiful. Nature gives us so many examples. Out of the millions of sperm that try and enter the fallopian tube, only one finally enters the egg. The moment it does, the door is shut for all others around it. No matter how many millions of sperm try, only one can enter. The fertilized human egg […]
I am angry today. My friend Paul has always been generous in his sharing and volunteering. He had lost his job and fallen on tough times. Being a nice guy that he is, he offered to pick up the lunch tab when he called to seek my advice. Knowing his situation, of course, I couldn’t allow it. […]
The huge financial services industry and the much smaller community of Financial Independence and Retire Early (FIRE) bloggers differ on many fronts. Yet, we all agree on one principle – sustainable withdrawal and retirement success through simulation models. Of course, we all need to know our sustainable spending rate. But, as we saw earlier, focusing solely on the simulated probability of financial success only increases the relative probability of a non-financial event wrecking our plans. Today, we seek a new angle to one such non-financial risk factor that impacts your financial future.