Hetty Green was born in a rich family. She inherited a large sum from her father. However, unlike other rich daughters, she didn’t like to spend money on luxury. She loved compounding money. From less […]
I was inspired by Peter Drucker when reading the Effective Executive on an airplane. Being a tech guy, I was inspired to create an app to help myself and others become more effective. My team […]
It’s dynamite to start with things that can expire and become worthless. For example: buy options of Coke thinking that the stock is attractive. Borrowed money usually leads to trouble. Once you start focusing on […]
Figure out what works and do it. Figure out what doesn’t work and stops doing it. This is incredibly simple. And yet, like anything simple, it’s incredibly hard to do consistently. When I first learned […]
If my $114.75 had been invested in a no-fee S&P 500 index fund, and all dividends had been reinvested, my stake would have grown to be worth (pre-taxes) $606,811 on January 31, 2019 (the latest data available before the printing of this letter). That is a gain of 5,288 for 1.