In 2013, Were You Better Off Hiring Someone to Manage Your Money for You?

“History repeats itself, first as tragedy, second as farce.” –Karl Marx Look up the phrase “this time it’s different” on Google, and you can find a panoply of situations where the headline writer has pounded his keyboard, imprecating that the situation about which he writes is truly different. Just in the first two pages of […]

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Flash Boys and High Frequency Trading: Does It Really Affect You?

“The average investor has no hope of knowing, of course, even the little he needs to know.” –Michael Lewis This week, Michael Lewis, author of Moneyball, Liar’s Poker, and many other books about business and Wall Street, released Flash Boys: A Wall Street Revolt documenting the rise of high frequency trading (HFT) and how HFT […]

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Monkey Brain Wants to be the Big Fish

“I saw a building that said, ‘Self Storage,’ and I thought, ‘I wonder if my ego could possibly fit in just one unit.’” –Jarod Kintz I did pretty well in high school. I came close to getting straight As, was president of a couple of clubs, played on sports teams, and had a job. I […]

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Converting Your Investment into Income

“There are three kinds of people in this world: those who are good at math, and those who are not.” –Unknown Save money now, and sometime in the future, you’ll supposedly have a pile of money that you can use to retire on. That’s a great thought, but thinking in those nebulous ways won’t get […]

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Monkey Brain Falls in Love

“A guy knows he’s in love when he loses interest in his car for a couple of days.” –Tim Allen What fools indeed we morals are To lavish care upon a Car, With ne’er a bit of time to see About our own machinery! –John Kendrick Bangs Since we moved to downtown Fort Worth, I […]

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The Fallacy of Thinking “You’ll Never Get a Chance to do This EVER AGAIN!”

“You only get a once-in-a-lifetime opportunity so many times.” –Ike Taylor “Every man is entitled to make a darn fool of himself at least once in a lifetime.” –Henry Ford After I graduated from West Point and finished with my officer basic training course, I was stationed in Germany. While I spent a little over […]

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