If you’re looking for a North star to guide you on your investing journey, you could do a lot worse than to set your course by John Bogle. If the prevailing ethic that guides Wall Street is to “sell the sizzle and not the steak,” meaning to appeal to people’s fears and greed to sell […]
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A Little Experiment
Things can get pretty crazy when it comes to beliefs. It seems to me that when you’re devoted to a certain philosophy it’s very hard not to develop a series of blind spots. When a belief system really resonates with you it sort of becomes a part of you, so any challenge to the philosophy, […]
Welcome Whitecoats!
(Regular readers, today’s post is a guest post which can be found here. ) Welcome readers of The White Coat Investor. I am so excited that you are here. You are a fan of The White Coat Investor. And so am I. I think you will find there are some similarities between these two sites. The […]
Working It Out
On some level pleasure is about contrasts. The cool beer on a hot summer day. The soft couch after hard labor. An unexpected moment of intimacy in a seemingly public place. These moments of stark relief are what life is all about. Which brings me to a somewhat paradoxical subject for discussion on an early […]
Back to School
Budgeting is all about deciding which things are worth blowing your dollars on, and which things are not. On which things should you spend your stash? And where should you invest your disposable income in order to maximize your own happiness? These are important and complex questions, and the calculus differs for each individual. Some […]
Diversify or Die
There’s nowhere where diversification is more obviously beneficial then in the arena of investing. It is one of the only “free lunches” in investing, actually. It allows you to reduce risk with no loss of expected reward. What a concept! But that ground has been covered here before. And diversification has benefits that extend far […]
I’m Back
I arrived home from Hawaii on a redeye flight this morning at 7:00 AM. A Shuttle home. A quick shower. A cup of coffee, and I was on my way to the office for a full day of work. I know I’ve been somewhat remiss this past week with my posts, but I’ll make it […]
Poisonous Luxury
One of the themes of the early retirement philosophy is that the pursuit of luxury is fraught with danger. And I think that there is a lot of truth to this. On one hand life is a precious resource, and I can see nothing wrong with squeezing a little extra pleasure out of it. (I’m […]
Excuse Me
Friends, I write a daily post on this blog for one main reason. Because I love to write (and exchange ideas.) Incidentally, this is also why I have not yet done all of the things on my to do list for the blog. (Like adding social media links and contact info, building up a twitter […]
Fortune Telling
Most of us are shrink wrapped in our own ideology. Some of us more so than others. I’m certainly very, very, ideological. I come from a long line of secular Jews. My great grandparents and grandparents fled countries where they weren’t welcome. They were underdogs. They stuck out like sore thumbs. They were beaten by […]
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