June 8, 2018

Bitcoin: Is It a Currency?

There are two things that are required for a currency. The first is that you can make transactions in it, it's a medium of exchange and the second thing is that it's a storage of wealth. Those would be the two purposes of a currency.

Bitcoin today, you really can't make much transactions in it and in terms of a storage of wealth it's not an effective storage of wealth because it's it has a volatility to it unlike gold. Bitcoin is a highly speculative market.

May 25, 2018

Principles Are Smart Ways For Handling Things

Early on I discovered I needed principles. Principles are smart ways for handling things that happen over and over again in similar situations. There are principles for everything from skiing to parenting to cooking and so on.

I'm going to share some of my most important overarching life principles that influence how we approach everything. I didn't start out with principles, I acquired them over a lifetime of experiences mostly from making mistakes and reflecting on them. 

My life principles are simple but they're not complete I still struggle to make the best decisions and I still make mistakes and learn new principles all the time. This is the reality.

May 17, 2018

May 15, 2018

Principles For Success

Before we begin let me just establish the fact that I don't know much relative to what I need to know whatever success I've had in life has more to do with my knowing how to deal with my not knowing than anything I know.

(an excerpt from Principles for Success: The Call to Adventure, Episode 1)

Episode 1: The Call to Adventure

Principles For Success, an ultra mini-series adventure in 30 minutes and in eight episodes. 

Episode 1: The Call to Adventure

May 14, 2018

Video: Ray Dalio @ Google Talks

Ray Dalio talks at Google about his book "Principles: Life and Work."

April 26, 2018

The Greatest Mistake Of The Individual Investor

The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market. And that a market that did badly is a worse market ... rather than a cheaper market. - in CNBC