Over the past few weeks, the "Other Things You Might Find Interesting...
Over time, I have become convinced that the number one side effect of wealth is anxiety. There are many, many reasons for it: the loneliness, the intangible, no-boundary "knowledge work" that typically accompanies wealth building, the proliferation of decision fatigue and complexity management, the tiresome...
I'm not a frequent podcast listener (I know I know - how??) but lately have listened to psychologist Dr. Becky Kennedy's podcast Good Inside because 2.5 year olds. Oof. Love them. And I need all the resources. She often reminds her listeners that raising children...
I once heard a wise investor say we should invest like the best is yet to come, but the worst could be right around the corner. I’ve always appreciated that line because it captures the central tension we face as investors. At its core, investing...
In the past, Beacon has had fun hosting a movie night at The Rialto Theater, conveniently located across the street from the Beacon house. Recently we have watched Back to the Future and Ferris Bueller's Day Off. After a brief hiatus due to theater renovations,...
You may remember that back in June we sent out the Beacon Summer Reading list. It's something we've done the past few years and this summer my selection was "The Mysterious Case of Rudolf Diesel: Genius, Power and Deception on the Eve of World War...
The legendary New York fashion photographer Bill Cunningham once said "Money is the cheapest thing. Liberty is the most expensive." A man of tremendous simplicity and fierce independence, this was not just a mantra for him, but something of a lifelong philosophy borne out by...
Even if you didn’t attend an Ivy League school, you can still learn from their investment mistakes. Jason Zweig’s recent Intelligent Investor column highlights how several elite universities were caught with too many illiquid assets when they needed cash and relearned a lesson they should...
Lately, I’ve been thinking about how much good decisions matter—in every part of life, but especially when it comes to personal finance. Why does it matter so much? For one, good decisions compound. Each one creates a stronger foundation for the next, shaping the opportunities we encounter...
One of the most important pieces of a long-term financial plan, and often the hardest to predict, is what someone's spending will look like in retirement. It seems relatively simple - just take what you are spending now and inflate it over time. Collective experience...
