brc

31 ms·

331.
by brc 11y ago
Well, yes. But that dies to fit the narrative of markets bad! Capitalism bad!
332.
by brc 11y ago
Actually, it really is that simple. Save 50% of you income for ten years and invest it sanely and you will become rich. It's a pretty simple mathematical equation. Most people don't want to admit that it works because they can&#x2
333.
by brc 11y ago
I would argue the point of Sarbox was to squish the IPO market. Not an unintended consequence at all. It was done with the bigger picture of restoring retail confidence in the market. That could only be achieved by damping the oscillati
334.
by brc 11y ago
I've never understood why roaming charges are so scandalous. Surely the telecoms know if they dropped their prices they would make a lot more money?
335.
by brc 11y ago
Money brings choices. Lack of money means lack of choices. Negative money (debt) means choices forced upon you. My neighbour is financially independent. I don't know how much money he has, but he certainly doesn't have a job. I
336.
by brc 11y ago
Ha. I variously did several hard labour jobs including summer time lawn mowing (not ride-on, the supervisor did all those jobs), working as a cleanup-boy at a butcher, returning supermarket trolleys, and working in a timber and hardware yar
337.
by brc 11y ago
The big mines in Australia are all open cut and it's all done with monstrous size machinery. When they are done they fill it all back in again and nature reclaims the land. A much better way.
338.
by brc 11y ago
You need to read up on hedonistic adaption. If you think you 'need things' will give you social disability, well, you're in for a long, tough life. Because there's always someone and some social group with more things
339.
by brc 11y ago
While it may be possible that their is an increase in colds after flights, it's probably down to a combination of factors - the cold, dry air in planes makes the ideal conditions for cold viruses in your nose and sinus, the shared bath
340.
by brc 11y ago
Sarbox rules have made it very difficult to list a company. No more pets.com because no more floats. When was the last time you heard about a small operation with little revenue, no profits and not much of a business model getting floated ?
341.
by brc 11y ago
For confirmation of this, stop a car sometime on a highway flyover bridge. These are mostly reinforced concrete. Even normal traffic makes it jump and rumble. A big truck going past makes them positively wobble. Concrete can be quite ben
342.
by brc 11y ago
Exactly! They never smell like a fresh bread/sandwich shop should. I think I've had two in my life.
343.
by brc 11y ago
You're correct. Keeping cash on hand and paying down debt is healthy. A high savings rate encourages investment, which encourages productivity increases, which increases quality of life. It's hard to think clearly against the bl
344.
by brc 11y ago
>The only thing you need to prevent is people and organisations sitting on idle cash or cash like investments. That's what destroys the economy. Not true. Cash kept in banks is reinvested in the economy. If companies like Apple ke
345.
by brc 11y ago
>Definitions are boringly pedantic and beside the point. I'm saying the bigger issue is the lack of output on a national level due to undertraining, underemployment, etc. Come on. You were wrong, the difference between production a
346.
by brc 11y ago
This is an important point. Just being punctual and efficient and not stealing is a bar many people can't clear because they didn't start in a low paid job and get experience.
347.
by brc 11y ago
You're leading with a consumption=everything view on the economy. This is wrong. Growth and employment comes with investment in increasing productivity, not from consumer spending. I would read some books that take an opposite view to
348.
by brc 11y ago
Is there a general reason why, to an outsider, most South American currencies seem very unstable and periodically afflicted by very high inflation?
349.
by brc 11y ago
I think if I concentrate and think hard, I could probably remember all the times my family went to a fast food place. It would be once a year or less, and only when all other options were exhausted. I have friend that take their kids more
350.
by brc 11y ago
And the rather wild rides - the big drops and lack of 'one at a time please'. It's almost like the photos are from a time when people were able to measure risk themselves! On the obesity thing - I guess all the modern junk fo
351.
by brc 11y ago
It's just depressing reading this that the solution to a labor shortage was to buy bonded slaves. I know it's something certainly not unique to the american south and it's still going on today. I guess the contrast to the de
352.
by brc 11y ago
"According to your thesis, these studies will show that everyone will obtain approximately the same outcome, because in all cases we have controlled for luck, starting position, income, and management strategy. Only the choice of manag
353.
by brc 11y ago
I actually stole it. The original quote is 'everyone gets what they want from the financial markets' Everyone can unpack the statement in different ways, but essentially your financial position is a result of how much effort you
354.
by brc 11y ago
I have friends who are long established investors. They won't buy unless there is an expected 20% return either in yield or flip. They are mostly retired now and don't buy much anymore.
355.
by brc 11y ago
I'm an investor myself. I have gone the route of industrial property. Still learning as well. Not much multi-family where I am, maybe a few duplexes but they still sell too high for the yield. So no worries about taking advice!
356.
by brc 11y ago
Mr money mustache needs to spend some of that dosh on a properly scalable server, I think.
357.
by brc 11y ago
What sort of area are you buying in? Where I live you cannot buy any real estate of any type for $200k. Are you buying out of state or out of country? How do you manage the risk?
358.
by brc 11y ago
The 'expand your means' concept is really to break the scarcity mindset that many people have. There is a difference between being frugal - not wasting money by buying crap on credit - and being cheap, like wasting your time shopp
359.
by brc 11y ago
Just absorbing the difference between the circle of influence and the circle of concern is a massive win for most people.
360.
by brc 11y ago
A strange attitude to have and display. Yes, the 'game' is rigged to a certain extent. Everyone knows this. Every age has had the rules set by someone other than them. My answer is : so what? Either you want financial independ

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