The numbers seem to make no sense. Ten is larger than eight. A bird in hand beats two in the bush. Cash today trumps promises of tomorrow. And yet, the most successful investors often choose the smaller number, the distant hope, the unrealized gain. This paradox reveals something deeper than spreadsheets can capture about how […]
The Case Why to Choose 8% Growth Over a 10% Dividend? Read More »
You probably think the internet is free. You open your laptop, connect to WiFi, and suddenly have access to the entire world. No toll booths. No admission fees. Just pure, democratic access to information and entertainment. Except someone owns every inch of it. Every email you send travels through cables owned by someone. Every video
Digital Rent: How to “Own” the Internet Infrastructure Through Dividends Read More »
Every CFO knows that money has a price. Borrow a dollar, pay interest. Raise equity, give up ownership. This is the cost of capital, and it sits at the heart of every investment decision a company makes. But here is where things get strange. That same dollar does not cost the same amount everywhere in
Every quarter, a curious ritual unfolds in the financial markets. Companies report their earnings, and the world watches to see if they “beat,” “meet,” or “miss” analyst expectations. Stock prices surge or plummet based on these outcomes. Fortunes change hands. Headlines blare the results. But here’s what almost no one stops to consider: the whole
The Analyst Game: Why Earnings Per Share Forecasts Are Designed to Be Wrong Read More »
The financial world loves to categorize. We sort currencies into buckets labeled “safe haven” or “high yield” as if they were apples and oranges at a grocery store. But this sorting impulse, while useful, conceals more than it reveals. Consider the Japanese yen and the Swiss franc. Both have served as funding currencies for carry
Funding Currency Hierarchy: Why JPY and CHF Are Not Interchangeable for Carry Trade Read More »
Picture a central bank. You probably imagine something austere. Gray suited officials poring over inflation data. Sober discussions about interest rates. The very essence of financial responsibility. Now picture a hedge fund. You might think of aggressive bets. Risk seeking behavior. The pursuit of returns above all else. The Bank of Japan manages to be
Is the Bank of Japan Actually the World’s Biggest Hedge Fund? Read More »
The FIRE movement promises something most financial advice doesn’t dare to: actual freedom in exchange for actual sacrifice. Not the sanitized version where you clip coupons and feel virtuous, but the kind where you question every assumption about how life should be lived. It’s less about retirement and more about buying back your time before
From $0 to Financial Freedom in 7 Years: The Unconventional Roadmap in FIRE Movement Read More »
According to Diderot Effect, the most expensive item in your home might not be what you think. It’s not the couch, the television, or even the car in the garage. It’s probably the first genuinely nice thing you bought after getting a substantial raise. Everything that came after was just the universe collecting interest. This
The $100,000 Income Trap: Why High Earners Stay Financially Stuck (Diderot Effect) Read More »
Every quarter, something curious happens in the investing world. Fund managers everywhere engage in a ritual that has nothing to do with finding the next great company or protecting your wealth from market chaos. They’re rearranging the furniture, so to speak. Only the furniture is your money, and the room is their portfolio holdings list
Is Your High-Priced Fund a ‘Window Dressing’ Specialist? How to Tell Read More »
The trouble with watches as investments is that they were never meant to be investments at all, let alone 3-Watch Portfolio. They were meant to tell time. That we’ve turned them into speculative assets says more about us than it does about them. But here we are, and if you’re going to play this game,
The 3-Watch Portfolio: How to Build a Low-Risk, High-Return Collection Read More »