There’s an old slang term that emerged around World War II, and you still hear it today: “He bought the farm.” It referred to when a service member died. The military would pay out a death beneficiary to the family. The payout would perhaps fulfill the dream of buying a little plot of land somewhere […]
The term “flight to quality” refers to the tendency of investors to move their money from high-risk assets to low risk-assets in times of turmoil. For example, the herd might exchange high-yield bonds and volatile tech stocks for the stability of gold or the Swiss Franc. The logic behind this transfer of assets is to […]
Innovation is the mother of necessity. Some of the world’s most successful entrepreneurs built their companies to offer a product or service they couldn’t find elsewhere. It also implies that you need subject matter expertise in a particular domain before you can successfully sell to it. Today, we’re going to talk about a startup that […]
Take your life savings, invest it all in a single momentum stock, then sit back and see how easy it is to go about your normal life. See if you can go one single day without checking the price of your treasured stock. That emotional roller coaster epitomizes what it’s like to be a retail […]
In our previous piece, The Global Impact of Cheap Satellites and Launches, we talked about how there are very few trillion-dollar industries in this world. When you’re an entrepreneur, a trillion-dollar industry is pretty exciting because all you need to do is capture 0.01% of it and you’ll have $1 billion. Take the $1.7 trillion U.S. […]
Commercialized blockchain solutions are like high school sex. Everyone claims they’re doing it, for the few that are, it’s not as great as they say it is, and it’s only the teachers who actually know what they’re doing. One impediment for blockchain technology was the ICO debacle which fleeced more suckers than you can shake a stick […]
Browse through a collection of quotes from astronauts who view the earth from space and several common themes stand out. The first is why – as humans – we all haven’t done a better job of coming together and solving the world’s problems. The second, somehow related to the first, is the fragility of our […]
Ilusory superiority refers to the propensity of humans to overestimate themselves when compared to others. Take for example the survey they did of Stanford MBAs, of which 87% rated their academic performance as above the median. While that sort of ignorance can be expected from people with MBAs, it’s actually a far more widespread problem. The truth […]
Everyone knows that probably the smartest investment we could make today would be in cryptocurrency. Said no one ever. Another sure-fire way to lose money is to invest in over-the-counter stocks, something we’ve been preaching for years. Regular readers who have been paying attention know that the safest long-term bet is to find an ETF […]
While your average American doesn’t have much in the way of savings, the younger “millennial generation” is actually saving at a higher rate than any other generation. Those who do manage to save money will find a world rife with all sorts of landmines and people that will happily invest your money for “fees”. More […]