Simple Investment Advice

I have some simple rules when it comes to staying out of trouble when investing:

Know what you own and why you own it.

If you don’t understand something, don’t invest in it.

If it sounds too good to be true, it probably is.

This is not exciting or sexy advice but successful investing is generally boring. Not Getting Rich Fast Enough – A Wealth of Common Sense — https://awealthofcommonsense.com/2024/06/not-getting-rich-fast-enough/

Ben Carlson is a smart man. His short list of unexciting, non-sexy and generally boring bits of investment advice inspired me to add my own generally boring bits of non solicited quasi-investment advice. And in no particular order of importance here they are.

  • Live beneath your means.
  • Pay yourself first (save, save, save some more).
  • Invest in your health (diet, exercise, etc).
  • Invest in your brain, be a lifelong learner.
  • Connect with family and friends (social media doesn’t count).
  • Find your purpose.
  • Work hard. Hard work is no guarantee of success but the lack of hard work guarantees failure.
  • A happy fulfilling life is more than just the money or your net worth.

Happy Father’s Day to all the fathers out there.

Enough

In the pursuit of “fine” to “great,” we chase products. Through no fault of our own, we fall prey to messaging from social media users, algorithms, and expert marketers, urging us that this shampoo or this rug will shift the scales toward enoughness. “This is how the marketplace continues to work,” says Brooke Erin Duffy, an associate professor of communication at Cornell University, “which is by amplifying our inadequacies and insecurities.”

Baked into these social platforms is a natural ecosystem for comparison. In the past, people weighed themselves against celebrities in the media and those within their immediate social circles, Duffy says. Now, we can compare ourselves to the idealized version of millions of strangers online — who may be perpetuating an aesthetic trend inspiring us to buy in order to participate.

How to be enough
Our obsession with self-improvement is making us miserable. https://www.vox.com/the-highlight/24091379/how-to-be-enough-habituation-hedonic-treadmill-comparison

How to be enough.

How to have enough.

Know when enough is enough.

You’re welcome.

Scary Charts – 08.19.23 (just a few loosely connected stories)

Every employee probably knows the difference between productive work and what a new report by software company Slack calls performative work – merely looking but not actually being busy. The data in the release shows that workers in some Asian countries – namely India, Japan and Singapore – seem to spend more time appearing to be working than employees in other places.

While Indians spent 43 percent of time in performative work, that number was 37 and 36 percent in Japan and Singapore, respectively. For comparison, U.S. respondents and those from Germany said they only appeared busy for 28 and 29 percent of the time. One outlier in Asia was South Korea, also with a low of 28 percent of work hours spent in “pretend mode”.

Who’s Only Looking Busy at Work? — https://www.statista.com/chart/30591/performative-productive-work/

And now we have a new productivity mantra…

Now that you’ve taken a break and worked on the root causes of your problem, it’s time to embrace a whole new mindset around work, money, and success. This is going to sound radical, but I want you to give yourself permission to achieve less.

The latest productivity mantra that we all need: ‘Achieve less’ — https://fortune.com/2023/08/16/latest-productivity-mantra-achieve-less-careers-mental-health-stress/

But The Boss may not agree with this new mantra…

While the debate over productivity in a remote office setting continues, one Australian woman is fighting back against her employer after being accused of not typing enough while working remotely.

Remote Employee Fired for ‘Low Keystroke Activity’ During Working Hours After 18 Years of Employment — https://www.entrepreneur.com/business-news/remote-worker-fired-for-low-keystroke-activity/457578

There’s a new description of the ideal job…

A lazy-girl job is any job that can be done from home within the standard 9-to-5 and has undemanding tasks and easygoing managers.. the jobs pay enough money ($60,000 to $80,000) for a young adult to live off but not feel pressure to work above their contracted hours.”

The term was coined in May 2023 by Gabrielle Judge, a 26-year-old career influencer. Judge told The Wall Street Journal that she was aware the word lazy would have a negative connotation, but she wanted to spark a conversation. “Lazy-girl jobs aren’t roles where you can slack off,” she said, “but career paths where your work-life balance should feel so awesome that you almost feel like you’re being lazy.”

Lazy-Girl Jobs Are Trending with Gen Z—Here’s How to Find One — https://www.rd.com/article/lazy-girl-jobs/

“Lazy-girl job” is one of the worse uses of the English language I’ve encountered because the use of the word “lazy” is bad. Really bad. The definition of any job done from home with undemanding tasks and easygoing managers is also bad. Really, really bad. A friend once told me the key to his success. With most jobs and careers the majority of us will be average performers (think bell curve). All you need to do to put yourself on the path to success is to be a little better than average. This lazy girl job thing is cultural acceptance of average or worse than average.

Working hard is not a guarantee of success. But not working hard is a guarantee of failure.

Quotes for Today – 05.19.23

“A master in the art of living draws no sharp distinction between his work and his play; his labor and his leisure; his mind and his body; his education and his recreation. He hardly knows which is which. He simply pursues his vision of excellence through whatever he is doing, and leaves others to determine whether he is working or playing. To himself, he always appears to be doing both.”

Lawrence Pearsall Jacks, educator and Unitarian minister.

“I love playing, it’s just part of me now, and it was then, at 13. I had the dream to play drums, and I ended up being that person, and I’m still that person.

Ringo Starr – 82 years young

Like I said, I think (I am) Flunking Retirement

The 2nd Number One Investment Idea for 2023

Invest in yourself, your family, and your friends. Invest in life. If you need to lose weight, do it. Spend more quality time with your friends, family, and love ones. 

Here’s My Number One Investment Idea For 2023 – https://mishtalk.com/economics/heres-my-number-one-investment-idea-for-2023

And the 2nd Number One Investment Idea for 2023.

Quote for Today – 09.22.22

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.

Jeff Deist President of the Mises Institute. Five Keys to Professional and Personal Development accessed online 9/22/22 — https://mises.org/wire/five-keys-professional-and-personal-development

Some good advice, no matter what stage in life you find yourself. This talk was delivered on September 2, 2022, to a student workshop at the Ron Paul Institute conference in northern Virginia.

  1. Sift
  2. Read
  3. Learn Continuously
  4. Avoid Arguments
  5. Promote People, Not Just Ideas

A Plan is Not a Strategy – Update 08.03.22

A few months ago I was thinking about retirement. The funny thing about life at “retirement age” and still working is you think about retirement a lot. See Thinking About Retirement (or just another fine Saturday Morning) While catching up on news I came across several articles on unretirement. I learned the word unretire is actually in the dictionary. See https://www.merriam-webster.com/dictionary/unretire. Rather than retire then unretire I decided I needed a plan. The more I thought about coming up with a plan the more I realized I needed a strategy instead.

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.

Take Home Message: A Plan is Not a Strategy.

Update 08.03.22

For an excellent example of strategy read this piece https://www.noceilingsnba.com/p/the-art-of-presti on how Sam Presti the General Manager of the OKC Thunder epitomizes this definition of strategy.