Charlie Munger, the billionaire partner to Warren Buffett at Berkshire Hathaway, describes his friend’s day as 80 percent reading—often five hundred pages. Before he invests his client’s money in a company, Buffett puts the odds in his favor by reading everything he possibly can about the company itself and the broader industry. He is not always right, but he is always informed. We might imagine him flying around on private jets, wheeling and dealing, when in fact he is more likely sitting at his desk, reading everything from the great books to technical analysis.
Mr. Buffett’s reading habit provides a powerful lesson for all of us. But most Americans read almost nothing. A friend who teaches at a large public university thinks less than half of his incoming freshmen have ever read a single book in full.
So now I’m working on strategy only to realize I’ve had a strategy for many years. I’ve just never taken the time to write it down. It might be time to document my strategy. But it’s been too hot to write and Too Hot to Blog.
Salt Lake City, often popular with younger homebuyers, has the largest share of mortgages offered to Gen Zers. With 16.60% of mortgage offers in the metro going to Gen Zers, Salt Lake City retains its No. 1 spot from last year’s rankings.
After Salt Lake City, relatively inexpensive Louisville, Ky., and Oklahoma City are the next most popular metros among Gen Z buyers. Respectively, 15.86% and 15.34% of mortgage offers in these two metros go to Gen Zers. Oklahoma City fell one spot from last year, while Louisville rose from seventh.
“Some of the best evidence for the role of exercise in maintaining weight loss comes from the National Weight Control Registry, an online group of over ten thousand men and women who have lost at least thirty pounds and kept it off for at least a year. These folks defy the cynical view that meaningful, sustainable weight loss is impossible. The average Registry member has lost over sixty pounds and kept it off for more than four years. They are truly exceptional…Nearly all of them (98 percent) report changing their diet to lose weight, which makes sense given how diet can affect the reward and satiety systems in our brain and impact how much we eat.”
It took a while for me to find the manila folder hanging somewhere in one of my file drawers. Surprising because I have a lot less paper files gathering dust in hanging folders. I know it’s here but where? Ah, there it is… Desk 2 south of the tax files, north of my paper life insurance policies. I am participant number 8784.
The National Weight Control Registry (NWCR) was established in 1994 by Rena Wing, Ph.D. from Brown Medical School and James O. Hill, Ph.D. from the University of Colorado. This study is the largest investigation of long-term successful weight loss maintenance. Few individuals succeed at long-term weight loss. The NWCR was developed to identify and investigate the characteristics of individuals who have succeeded at long-term weight loss. The NWCR is tracking over 10,000 individuals who have lost significant amounts of weight and kept it off for long periods of time. http://www.nwcr.ws/
I started sending data to this study in 2007. Most years I get one annual survey. Occasionally I’ve received and completed a number of smaller supplemental surveys. I am 8784 and have kept the weight off for nearly 50 years. Since the Great Melt of 1975 I’ve cycled between 163 and 205 pounds. For the past decade I carried 200-205 pounds on my 5.10 frame. During the first year of the pandemic I dropped 25 pounds (again). Currently I’m holding around 170.
I am exceptional but you can be exceptional too. 8784 signing out.
I started working from home in 2006. I love reading articles on topics I already know a lot about.
The future of knowledge work will be a hybrid. A small percentage (like myself) will WFH 100% of the time and an even smaller percentage will work in an office 100% of the time. Most will travel to their offices a few times a month and WFH the rest of the time.
I drove a 2006 Ford Taurus for nearly 15 years and didn’t pass 80,000 miles. (short commute)
My business casual attire consists of jeans and a tee shirt.
Coffee is cheaper and tastes a lot better than office coffee too.
Pergens and his wife, Amanda, have a 6-year-old daughter and another child due this month. She stopped working as a pastry chef during the pandemic. They rent a small two-bedroom apartment. “We build all these fancy homes,” Pergens says. “Fancy, fancy houses … and low-income apartments. And there’s absolutely nothing in between.”
Good article but the analysis is only partially correct. Affordable housing has been an issue for decades. It’s not merely an issue of current economic conditions. It’s a lack of political will and the continuing demise of the middle class. WAY BACK last century our starter home cost less than $100,000 and we had over 1600 square feet 3BR 2B.
Way back in the Dark Ages I borrowed a total of $8000.00 and worked summers and during the school years to pay for my college education. It took me ten years of payments at $69.72 a month to pay the loan off. I promised myself no matter the hardship my own children would not borrow money for their undergraduate degrees (medical school different story). There were reasons why I drove a 2006 Ford Taurus for 15 effing years.
One of the joys of aging is you get to a point where you say what you want to say and the hell with everyone else. Charles Hugh Smith is one of us who possess critical thinking skills and will always tell it like it is. Check out his blog.
And this is a perfect time to remind all of my readers that the opinions expressed in this and my other blog are mine alone and do not represent the views of any corporate entity that I may or may not be involved with either in the present or past.
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