Expectations Debt
I live in Seattle, and Amazon is our giant. A third of my neighbors work for the company. When Amazon was on top of the world in 2021 – reputation gleaming, stock price booming – you could feel the…
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The Art and Science of Spending Money
Former General Electric CEO Jack Welch once nearly died of a heart attack. Years later he was asked what went through his mind while he was being rushed to the hospital in what could have been his…
«Psychologist Jonathan Haidt says people don’t communicate on social media; they perform for one another. Spending money is like that, too.»
Save Like A Pessimist, Invest Like An Optimist
In 1984 Jane Pauley interviewed 28-year-old Bill Gates. “Some people call you a genius,” Pauley said. “I know that might embarrass you but …” Gates deadpans. No emotion. No response. “OK, I guess that…
A Few Laws of Getting Rich
There are 13 divorces among the 10 richest men in the world. Seven of the top ten have been divorced at least once. Correlation isn’t causation, and that sample size is tiny. But a statistic that is…
«Most of what makes you happy in life has nothing to do with money, and realizing that once you have money can be a painful admission»