Former mail delivery boy turned multi-asset investment manager, author, Ironman & chicken farmer. Probably should have stayed with mail delivery....
One of the worst takes ever on this website. And that includes all 82 of Donald Trump's tweets from yesterday.
They installed special ATMs at my bank where your money goes into the machine and disappears forever.
@DavidSchawel In my book I wrote a chapter about how a house is a bad investment. Then I bought a house and invested a shitload of money into it.
@morganhousel This prediction has been exactly right. The Global Financial Asset Portfolio has generated lower returns on a 3 and 5 year rolling basis pretty consistently. The only market that has bucked the trend is US stocks. #homebias
Amazing chart here from Merrill showing the various bearish narratives that have evolved over the course of this bull market:
This is a sad stat: "[Americans] spent more than $80 billion on [lottery tickets] in 2016. That's more than they spent on movies, video games, music, sports tickets and books -- combined."