Earlier this week Amy and I watched an episode of Seinfeld where Elaine's boss, Mr. Pitt, becomes so obsessed with a 3-D art print that he can't stop staring at it and nearly loses his mind. I can relate in two ways: First, I always...
A quick visit to the CNBC website will surely remind you of the laundry list of things we “should” be concerned about in the financial world these days. Everything from the debt ceiling talks and China to inflation and bank failures. That can make it...
The current Debt Ceiling debate first became a thing as far back as last November when Republicans took control of the House. With a divided congress and the U.S. running its usual budget deficit, agreement would be needed within the legislative branch to raise the...
Jason Gay has a great column this week about a baseball game he and his son attended between the Baltimore Orioles and Tampa Bay Rays, wherein he discusses the incredible impact of what in hindsight seems like a relatively minor tweak to the game: a pitch...
This week I had the privilege of writing the 1,000th edition of the Beacon Wealthcare Friday Brief. 1,000 is a pretty big number. That's a lot of time spent writing and reading about investing, financial planning, taxes, personal finances, and life, for that matter. Jared,...
Inertia is a powerful force, and I'm not talking about "ball rolling down a hill" kind. No, I'm talking about the kind that keeps us stuck-in-a-rut, maintaining bad habits and preventing us from starting good ones. When it comes to money, we call this "Financial Inertia,"...
There was an article at Bloomberg this week with the title, "A $300,000 Salary Feels Like $100,000 in The Priciest US Cities," and I would like to say two things about that: 1) I bet these sorts of articles are reliably the most clicked articles,...
When I was younger, my friends and I used to enjoy competing in endurance races like the 24 Hours of Adrenalin race in Conyers, Georgia. It was basically a mountain bike event that involved completing as many laps as possible of the mountain bike course...
Three weeks ago today, Silicon Valley Bank (SVB) was put into receivership by the Federal Deposit Insurance Corporation (FDIC) after experiencing outflows of more than $40B the day before. Since then, most of the conversation has focused on how the FDIC balances their own insurance...
Almost exactly two years ago I wrote a blog entitled NFTs, SPACs, WSB, and the Problem of Boredom. The purpose of the blog was to point to the absurd excesses represented by non-fungible tokens (NFTs), special purposes acquisition companies (SPACs), and crypto projects of various sorts....
