Living Smart Living Well

Letter to My Children on How to Invest Their Money

I have approached the challenge of advising you on how to invest your money with trepidation. Having invested other people’s money and my own for decades, I know that the world is a lot more complex and subtle than even the smartest guys in the room can comprehend....

read more

Why You Should Own Some Physical Gold

Warren Buffett, as usual, was right: gold is not an investment. It yields nothing and never grows. Gold, instead, is money: something people use to (1) exchange what they have for what they want, (2) store their purchasing power, and (3) know precisely how much they...

read more

How I invest my own money.

In this post I argue that you should pay attention to someone only if he personally gains or loses, depending on whether what he says proves true, and in this post I opine that there is a serious economic train wreck in our future. If I am not acting according to my...

read more

How to home in on truth and filter out nonsense.

Every day each of us is deluged with advice on what to expect, what we should think about subjects that are important but well beyond our immediate expertise, whom to believe, and how we should or should not act. All of it is delivered with authority and assurance,...

read more

Quotes

Over the decades, I occasionally have come across quotes that were striking in their originality and wisdom as to how to look at the world and conduct oneself. I have not seen most of them anywhere else. You might enjoy perusing the collection. The time to make up...

read more