@theallinpod@SECGov@tiktok_us I would argue that the better comparison is how people can bet on sports but not on companies that could create value and wealth for the country and the world.
@MichaelKitces @Onrampinvest Are we talking about “advising” from an asset class perspective or an active trading strategy? At the very least, clients should understand the relative standard deviation and volatility which I would call “advising” from a pure education standpoint.
Recently asked, “What are the ten biggest ideas that changed your life?” Great/hard question. Here's where I landed...
1) Imago Dei: Every person is inherently valuable independent of behavior and beliefs. Everyone matters. Treat people accordingly, without exception.
“The dead outnumber the living 14 to 1, and we ignore the accumulated experience of such a huge majority of mankind at our peril.”
~Niall Ferguson
H/T @morganhousel
Saving is harder than spending.
Protecting is harder than risking.
Lending is harder than borrowing.
Investing is harder than gambling.
Planning is harder than improvising.
Personal finance is hard.