“Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.” We’ve all seen these disclaimers a million times before. Most people who are financially savvy nod along when they hear this, and think they have fully internalized this. But in truth, most haven’t. The majority of … Continue reading Past Returns Do Not Predict Future Performance – Not Even for Indexes
Author: RP
Nonqualified Dividends – You’re Probably Paying Too Much in Taxes
Disclaimer: This discussion centers around American tax law. If you aren’t American and don’t live in America, you may not get much value out of this. Real talk. I thought I knew a lot about personal finance. I thought I knew everything I practically needed to know to minimize my tax bill as an average … Continue reading Nonqualified Dividends – You’re Probably Paying Too Much in Taxes
How to Get Yourself Stuck in a Political Quagmire – Why Nothing Will Change after Tyre Nichols
If you haven't been living in a cave, you've likely heard recent news involving an innocent black man being brutally beaten to death by multiple police officers. As someone who supports greater oversight and accountability for police officers, let me make a prediction. Any bipartisan outrage that currently exists, will in time be replaced by … Continue reading How to Get Yourself Stuck in a Political Quagmire – Why Nothing Will Change after Tyre Nichols
Don’t Get Triggered by Analogies – They are a Powerful Tool for Logical Reasoning
I was recently reading a book by US General McChrystal, and his experiences fighting the Al Qaeda terrorist insurgency in Iraq. In the book, he brought up something that I found particularly interesting. The world has become “flatter” and faster. People are more connected, more mobile, and move faster than ever before. These changes have … Continue reading Don’t Get Triggered by Analogies – They are a Powerful Tool for Logical Reasoning
Aim to be Financially Independent
If you’ve done your research on Retirement Planning, you might have come across FIRE - Financial Independence Retire Early. Usually when people talk about FIRE, it’s an overnight switch that involves a massive lifestyle change. Quitting your job, pulling your kids out of their current school, moving your family to an entirely new low-cost-of-living region, … Continue reading Aim to be Financially Independent
Buy vs Rent – Ignore the Rent on the House You’re Looking To Buy and Live In
Buying a house is a huge financial decision that will impact your life for over a decade. It is far too important to be left to folksy catch-phrases. If you’re debating whether to buy a house or continue renting, you should definitely spend some time looking into buy-vs-rent calculators, of which there are many: NerdwalletNYTimesRealtor … Continue reading Buy vs Rent – Ignore the Rent on the House You’re Looking To Buy and Live In
Competition is Good, Cartels are Bad, and so too are Unions
As a lifelong liberal, I’m firmly of the opinion that America needs to do more to shore up its middle class. I’m strongly in favor of taxing the rich, cutting taxes on the middle class, increasing the EITC (or at the very least increasing the minimum wage), and beefing up social services such as public … Continue reading Competition is Good, Cartels are Bad, and so too are Unions
Would you get Blood on your Hands to Save a Life?
I was recently debating a philosophical conundrum with some friends, when I realized that something that seemed morally obvious to me was actually considered abominable by others. Something that made me realize that our common understanding of morality may not be nearly as common as I had thought. Some tangential context that sets the stage. … Continue reading Would you get Blood on your Hands to Save a Life?
Should Parents get Paid more than Singles?
Picture this. You get hired on the same day as a colleague. Both of you have the same qualifications, and will be doing the same job. The main difference you can discern is that your colleague is a married man and main breadwinner for his family, whereas you are a single woman with no kids. … Continue reading Should Parents get Paid more than Singles?
The Fall of Afghanistan shows the Failure of Democracy
As we watch the shocking videos of Kabul falling to the Taliban, the seeds that led to this disaster become clear. confidential effort on “Lessons Learned” conducted by the Office of the Special Inspector General for Afghanistan Reconstruction, an agency created by Congress, painted a devastating picture of corruption, incompetence, lack of motivation and other … Continue reading The Fall of Afghanistan shows the Failure of Democracy
Congress v. Popular Vote
Light red cells indicate elections where the party's representation in Congress is significantly less than its share of the popular vote. Bright green cells indicate elections where the loser of the popular vote ends up winning control of Congress. Senate elections are grouped into 3x blocks, since the entire senate goes up for election over … Continue reading Congress v. Popular Vote
GaME On – Big Corporations are Harmful to the Free Market
In past articles, we have discussed how big-corporations, particularly in the financial industry, put at risk our economy and financial system. Recent events around Gamestop trading, have served as a perfect illustration of the risks and dangers inherent to Big Banks. Context: There has recently been a frenzy of trading activity in shares of Gamestop. … Continue reading GaME On – Big Corporations are Harmful to the Free Market
Meritocracies Are Unfair – And That’s The point
When your father suffers a heart attack and needs emergency surgery, who would you rather have operating on him? An inspiring doctor who lost an arm in a tragic car accident, and still heroically manages to attain an average level of success as a surgeon?Or the son of a multimillionaire who has breezed through life … Continue reading Meritocracies Are Unfair – And That’s The point
Reasons to Replace the Popular Vote
Anyone who reads this blog regularly knows that I never shrink away from controversial opinions and unusual ideas. Not least of which is my belief that we should conduct elections using randomly selected juries in a court of law, not mass voting. When I tell people of this idea, I’m usually met with blank faces … Continue reading Reasons to Replace the Popular Vote
Both Parties Support Wealth Redistribution – They Just Disagree On Who Should Get It
Conventional opinion says that there are 2 main camps in American politics, when it comes to wealth redistribution. You have one camp that is opposed to wealth redistribution as a principle. They believe that economic policy should be designed to generate as much aggregate wealth as possible. And when it comes to distribution, let the … Continue reading Both Parties Support Wealth Redistribution – They Just Disagree On Who Should Get It
A Radical Proposal for Legal Reform – Equal Representation
If you're a single-digit millionaire like Hulk Hogan, you have no effective access to our legal system.Peter Thiel If I didn't have some money, I would have no chance at all.OJ Simpson A patent troll is a company formed for only one purpose—to purchase patents and assert them broadly against real, productive companies. The point … Continue reading A Radical Proposal for Legal Reform – Equal Representation
Quantifying Racial Segregation by State and City
I look to a day when people will not be judged by the color of their skin, but by the content of their character.Martin Luther King Jr. One of the disappointing aspects of race discussions in the media today, is that they predominantly focus on anecdotes and sensational examples. Stories are wonderful at illustrating truths, … Continue reading Quantifying Racial Segregation by State and City
How You Can Use Stories to Hack the Human Brain
Pop quiz: Which country inflicted the most Nazi casualties in WW2? Would it surprise you to learn that the answer is the Soviet Union… and that USA is not even a close second? That even British historians considered the Red Army to be "the main engine of Nazism's destruction"? To quote an Irish historian and … Continue reading How You Can Use Stories to Hack the Human Brain
Prosperity comes from Investments, not Consumption
In the 1700s, when the British started selling Opium to China, it proved to be extremely lucrative. British ships were able to procure opium at extremely cheap prices, and sell them to China at vastly inflated markups. The primary market for this opium was Chinese laborers, who used it to get high and forget the … Continue reading Prosperity comes from Investments, not Consumption
To Be Right, Live A Principled Life
For my friends everything, for my enemies the lawÓscar R. Benavides, President of Peru Not many know about this, but Hitler had a soft spot in his heart for at least one Jewish person. Eduard Bloch was an Austrian doctor practicing in Linz (Austria) and until 1907 the physician of Adolf Hitler’s family... Bloch was … Continue reading To Be Right, Live A Principled Life