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The F of the 4 Fs
Charlie Munger, Warren Buffettâs sidekick, often talks about models.
Mental models to be exact.
What he says is that itâs important to look at things and develop a model, as a way of guiding you in your decision making.
What are the 4 Fs?Â
As with our 8 timeless principles for...
Long-term survival
Guinness has been brewed since 1759, and itâs such a powerful brand I wouldnât mind a bet that itâll still be enjoyed by glowing customers for another 260 years to come.
These days to the benefit of the Diageo group, the price of a pint of Guinness has been outpacing inflation f...
The first question a financial advisor often asks is: âWhat is your risk level?â.
The first problem is that most of us have no idea!
Most folks end up saying:Â âUm, about average, like everyone else?â.
The second challenge is that your risk tolerance will tend to fluctuate with whateverâs currentl...
If you begin your day reading about all the bad news in the world, then realistically you probably wonât have a great day.
And if you then dive headlong into checking your emails to respond to the demands of others, your day will also start on the back foot and probably go even worse.
A positive a...
Few industries are as riddled with jargon as the finance sector.
And, if anything, the amount of jargon being used out there seems to be getting worse!
Some of this may be down to self-interest in the industry, of course.
By making personal finance and investing sound more complicated than it rea...
One of the buzzwords of the wellness industry right now is âself-careâ.
As they always say on aeroplanes, âfit your own oxygen mask first before helping othersâ.
This advice isnât given to encourage us to be selfish.
Far from it!
The point is that if youâre incapacitated youâll be unable to assi...
Iâve been hanging out in Seoul this week â a modernising city going through great change.
Following a desperate war of attrition in the 1950s, and long periods of political chaos, South Korea has now been through an extended stable period, wherein â despite some ongoing corruption issues â the econ...
It doesnât matter how much â or little â you earn, the formula for financial success remains the same.
That is, spend less than you earn and invest the difference.
Very simple, yet so often ignored.
The great Jim Rohn took this a little further, suggesting that you should spend no more than 70% o...
