MMM (My Favorite Munger) Let's start off with some Charlie Munger quotes. The last line of the second one is just great: Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind. ... When you’re young it’s easy to drift into loyalties and when you announce that you’re a loyal member and you start shouting the orthodox ideology … [Read more...] about Munger, Allocation, Sheep and Crazy Uncle Larry
Saving and Investing Money
Does Money Define You? (A tale of two neighbors)
I greatly enjoy my little secret life. We live on a modest street where no one knows about my Mr. 1500 alter-ego. My neighbors would soil their pants if they knew that we have investments worth north of a million dollars. However at least two neighbors have suspicions. I'll call them Neighbor 1 and Neighbor 2. Neighbor 1 A couple months back, out of nowhere, Neighbor 1 asked … [Read more...] about Does Money Define You? (A tale of two neighbors)
Nothing lasts Forever
He could no longer control his own trembling. It was not, after all, so easy to die. -Harry Potter and the Deathly HallowsRemembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart. -Steve Jobs You know things going to be serious when I open with … [Read more...] about Nothing lasts Forever
How I’m investing $275,000: CORRECTION
In yesterday's post, it appears that I was a little too hard on the Contrafund. Dividend Growth Investor pointed out that the chart I used from Yahoo Finance didn’t account for dividend reinvestments. Check out this chart instead. This article from the Wall Street Journal supports what he is saying. The only fair thing to do is to include the Contrafund in my experiment. Since … [Read more...] about How I’m investing $275,000: CORRECTION
What I did with my $275,000 401(k) rollover
So, after 10+ years, I kept my job, but had to leave my employer. That doesn't make sense, does it? It is a long story that is explained here. I was OK with it. I didn't like them much and they didn't like me. See ya' old company and thanks for all the fish 401(k) match!One of the great benefits of moving on was that I was able to finally move away from the former … [Read more...] about What I did with my $275,000 401(k) rollover