Month: May 2026
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If You Can
Bill Bernstein wrote a famous short book called “If You Can”. It’s available In 26 pages, it tells you how you can outperform most of the financial industry and save your retirement. “All they’ll have to do is to put away 15% of their salaries into a low-cost target fund or a simple three-fund index…
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How to outperform everyone in personal finance and investing
For too long, this blog has focused on being average. Here’s how you can be better than everyone. 1. Spend, spend, spend. You Only Live Once. Saving is for those who are scared. Instead, spend like every day is your last. You have to make your days count. What’s the point of saving when you…
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The Arrival Fallacy or Why You Won’t Be Happy at $1m (or $2m, or $5m…)
Have you ever played the “when-then” game? It’s a pretty good way of instilling self-discipline. When I finish this page of homework, then I’ll reward myself with these M&Ms. When I finish studying, then I’ll watch an episode of Friends. When my exams are over, then I’ll go out with my friends. The problem is…
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Don’t worry about things outside of your control
There’s a lot to worry about. Interest rates. Market returns. Global geopolitical uncertainty. Death. The problem is that a lot of these aren’t within your control. And if they’re not within your control, there’s no point worrying about them. Our financial goals and plans cannot foresee all that the world holds in store. So it…
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The End of History Illusion – Why you make poor decisions for your future self
People, it seems, regard the present as a watershed moment at which they have finally become the person they will be for the rest of their lives. Quoidbach, Gilbert, and Wilson (2013) We make poor choices for our future selves. We choose tattoos that we later remove. We divorce those we marry. We regret drinking…