A nice/weird post about shrimp and investing
A nice post from the Kiplinger blog about boiled shrimp and investing (huh?):
Boiled Shrimp and the Sunk-Cost Fallacy
$1,626,770.00
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A nice post from the Kiplinger blog about boiled shrimp and investing (huh?):
Boiled Shrimp and the Sunk-Cost Fallacy
I’m writing a document on how young people like us use technology (cell phones, TV, Tivo, MP3s, etc), and I want to get comments from everybody before I send it out to VCs, entrepreneurs, and a bunch of other people.
If you use a cellphone, TV, etc, please help me fill in the gaps!
Go here: [...]
From an IM chat with a friend yesterday:
Friend: i feel like i should do some research on what to invest in before i open up an account?
Ramit: why?
Friend: when i open the account, won’t i have to buy something?
Ramit: that is an interesting question
Ramit: no
Ramit: your money just sits there in an account
Friend: but the [...]
If you want to see my 1-hour personal-finance talk, I’m speaking on the Stanford campus tonight at 7:30pm. Details here.
Oh, in case you didn’t catch it over the weekend…the 4th step in the 2006 financial makeover is about opening your retirement accounts. Check out The World’s Easiest Guide To Understanding Retirement Accounts.
Previously:
Step 1: Get your accounts in order
Step 2: Budgeting and saving
Step 3: Thinking about investing
I want to be clear about something: I’m sincerely interested in doing less and less work as I go through my life. That’s why I’m always puzzled when I meet people on a career path that will have them working more, not less. That’s like being a real-life Mario Brother, where every progressive level you [...]