On social media any comment about wealth inequality results politicized diatribes.
When really it's more about time + compounding.
Everything you say seems obvious in hindsight but differs from the tribal cant that fills the internet. That's the mark of original thinking and good ideas.
If there are links to your appearances on C-Span or Squawk Box, would love to see them.
I haven't really watched CNBC for years since we ditched cable. At least watching on the phone it's a more distracting experience now (like navigating through various pop-up ads on other websites). More interesting was how people were sequestering into their political camps, which is something I don't recall being so evident back in the day (I never knew Kernan and Bartiromo were conservatives until the last decade). Anyway, I like your pragmatism and willingness to venture outside either party's preferences.
Great insights. Considering the marginal utility of money, as a wealthy older person with kids, it makes great sense to give your kids resources when they need it most.
I really like your idea of proof of knowledge being more important than proof of income. I am in my last years of work and only in the last decade became accredited and then only used it for investing purposes the last few years. I have always been frustrated that really good tools and opportunities are locked away to a special class, and it still feels this way. IMHO I would rather carry a senior, asset based note to a company with strong financials than play what feels like the Lotto on some stocks lately, especially when stability and capital preservation are my highest objectives.
I really hope all the smart people get the right regulatory framework in place. Lack of pricing or liquidity never bothered me when investing long term, and I hope they don’t force something that feels wrong on private credit funds (mark to markets has pros and cons).
What I really would like to see is more transparent and standardized books, because the money trails in these funds are so convoluted and opaque, daylight will be the ultimate tool in keeping the average investor safer.
Can always count on you for some very helpful insights
On social media any comment about wealth inequality results politicized diatribes.
When really it's more about time + compounding.
Everything you say seems obvious in hindsight but differs from the tribal cant that fills the internet. That's the mark of original thinking and good ideas.
If there are links to your appearances on C-Span or Squawk Box, would love to see them.
I did link to them, should be underlined!
I haven't really watched CNBC for years since we ditched cable. At least watching on the phone it's a more distracting experience now (like navigating through various pop-up ads on other websites). More interesting was how people were sequestering into their political camps, which is something I don't recall being so evident back in the day (I never knew Kernan and Bartiromo were conservatives until the last decade). Anyway, I like your pragmatism and willingness to venture outside either party's preferences.
Great insights. Considering the marginal utility of money, as a wealthy older person with kids, it makes great sense to give your kids resources when they need it most.
I really like your idea of proof of knowledge being more important than proof of income. I am in my last years of work and only in the last decade became accredited and then only used it for investing purposes the last few years. I have always been frustrated that really good tools and opportunities are locked away to a special class, and it still feels this way. IMHO I would rather carry a senior, asset based note to a company with strong financials than play what feels like the Lotto on some stocks lately, especially when stability and capital preservation are my highest objectives.
I really hope all the smart people get the right regulatory framework in place. Lack of pricing or liquidity never bothered me when investing long term, and I hope they don’t force something that feels wrong on private credit funds (mark to markets has pros and cons).
What I really would like to see is more transparent and standardized books, because the money trails in these funds are so convoluted and opaque, daylight will be the ultimate tool in keeping the average investor safer.