Fabulous writing! Thank you for sharing your insights. I loved these very concrete money-related notes too, after the more philosophical and meta writings.
Now I'm curious on your take on who should be trading stocks: who are the 2% of people who are not legally allowed to? 160 million sounds a bit too much for convicted fraudsters. Or do you mean the people who are inside the given businesses?
In any case, the ideas really resonated with me too; I've been having some internal ponderings along similar lines. You collected and phrased these ideas wonderfully.
Barney, two comments from you in two weeks. What a treat :)
I'm glad you enjoyed the notes on money. It skews a bit "advice-like" but I thought it turned out well.
The 2% I was referring to are people who work full-time in financial markets and spend their entire day researching companies.
I worked for a hedge fund a while back and saw how incredibly intelligent people spend countless hours on investing and still don't always outperform the market.
Plus, every stock you buy or sell and there's someone on the opposite end of the table.
Thank you for the kind words. Hope you also have a great August.
Hope you're keeping well and we can catch up sometime soon :)
I agree so much with your notes on money. Morgan Housel, Ramit Sethi... I'm glad there are people out there (such as yourself) that share similar views on money as I do :)
Thank you for sharing your reflections and insights on money, personal finance, and life's pursuits, Tommy. And thank you for citing me! :)
Your comprehensive exploration captures the complexities of our relationship with wealth and the choices we make. It's a thought-provoking reminder that our attitudes towards money can shape our experiences and the paths we take. I sometimes try to imagine what this world would be like if there were no money. No concept of money, no need for money. It's utterly utopian, but how would our lives, our everything, change in such a scenario?
Thank you for reading Silvio and leaving, as usual, such a thoughtful comment.
As I was talking with my friend about using money to create experiences for others, I had a lightbulb moment and swore I read something about borrowed happiness! Pleasure to include such a beautiful excerpt from your essay.
It's a very interesting question. Reminds me slightly of Brave New World or even our world with Universal Basic Income.
Fabulous writing! Thank you for sharing your insights. I loved these very concrete money-related notes too, after the more philosophical and meta writings.
Now I'm curious on your take on who should be trading stocks: who are the 2% of people who are not legally allowed to? 160 million sounds a bit too much for convicted fraudsters. Or do you mean the people who are inside the given businesses?
In any case, the ideas really resonated with me too; I've been having some internal ponderings along similar lines. You collected and phrased these ideas wonderfully.
Wish you a great rest of your August!
Barney, two comments from you in two weeks. What a treat :)
I'm glad you enjoyed the notes on money. It skews a bit "advice-like" but I thought it turned out well.
The 2% I was referring to are people who work full-time in financial markets and spend their entire day researching companies.
I worked for a hedge fund a while back and saw how incredibly intelligent people spend countless hours on investing and still don't always outperform the market.
Plus, every stock you buy or sell and there's someone on the opposite end of the table.
Thank you for the kind words. Hope you also have a great August.
Hope you're keeping well and we can catch up sometime soon :)
I agree so much with your notes on money. Morgan Housel, Ramit Sethi... I'm glad there are people out there (such as yourself) that share similar views on money as I do :)
Thanks Becky! Money can be a touchy subject so I was slightly hesitant.
I borrowed a lot of influence from Morgan and Ramit on this one haha.
Appreciate you reading and the kind words :) you're the best
Thank you for sharing your reflections and insights on money, personal finance, and life's pursuits, Tommy. And thank you for citing me! :)
Your comprehensive exploration captures the complexities of our relationship with wealth and the choices we make. It's a thought-provoking reminder that our attitudes towards money can shape our experiences and the paths we take. I sometimes try to imagine what this world would be like if there were no money. No concept of money, no need for money. It's utterly utopian, but how would our lives, our everything, change in such a scenario?
Nice reflections and writing, as usual. :)
Thank you for reading Silvio and leaving, as usual, such a thoughtful comment.
As I was talking with my friend about using money to create experiences for others, I had a lightbulb moment and swore I read something about borrowed happiness! Pleasure to include such a beautiful excerpt from your essay.
It's a very interesting question. Reminds me slightly of Brave New World or even our world with Universal Basic Income.
Thank you again :) made my day
Love these reflections -- so many gems here that I resonated with!!
Thanks Saalik! So good to hear from you and really appreciate you reading :)
Hope you're having an awesome summer.
“Being poor is not having little, but wanting more” - 🔥 🔥 🔥
Thanks for convicting me this morning!
Dustin, thank you so much for reading and leaving your thoughts. It's so good to hear from you man -- brought a smile to my face.
That was my spin on Seneca, but I've seen it played out in real life with some wealthy families and individuals I've met.
Wishing you and your family all the best :)