Ugh

From Russel Roberts, professor of economics at George Mason University (quoted in the WSJ): Another airplane passenger story. I'm talking to the woman next to me and she asks me what I do. When I tell her I'm an economist, she says, "Too bad my husband isn't with me today, he'd love to talk to you." "Why's that?" I ask. "...

A little bit about me

I was brushing my teeth this morning and realized that probably nobody on this site knows how to pronounce my name or much of anything else about me. So as an exercise in extreme vanity, here goes... My name is Ramit Sethi (pronounced "ruh-meet say-tee"). I recently graduated from Stanford, where I did my undergrad and grad work and studied ...

9 million millionaires in the US

Gabe Rosen sends this link: The number of millionaires in the US has reached a record 8.9m, rising for the third consecutive year despite faltering stock and bond markets. [...] Jeanette Luhr, the manager of the research study, said: "The growth we've seen this year is largely due to measured planning and active reinvestment...overall the asset allocation of these ...

Cheap versus frugal

Everybody knows a cheap person, and probably hates them. But I think we often mislabel frugal people cheap. These are just my opinions, but here's what I think differentiates the two: Cheap people care about the cost of something. Frugal people care about the value of something. Cheap people try to get the lowest price on everything. Frugal people try ...

My Free Insider's Kit will show you how to earn more money

The world is not Darwinian

There seems to be this belief among a lot of people that the world is rational and that bad ideas won't last long because they'll be extinguished by good ones. I think this leaves out one big thing: incompetence. And, sometimes, a lack of experience. You'll hear people say "That was a stupid commercial" and then some smartass will reply, "...

I’m teaching a finance class this Wednesday, 7pm, on the Stanford campus

I'm teaching my finance class this Wednesday, September 21, at 7pm on the Stanford campus. This one is open to anyone, so come by if you're in the area... CLASS DESCRIPTION -- I Will Teach You To Be Rich (1 hour long) ------------------------ I teach a 1-hour class on personal finance including banking, budgeting, and saving. It REALLY pays to ...