I did not invent the transistor, the microprocessor, object oriented programming, or most of the technology I work with.
I love and admire my species, living and dead, and am totally dependent on them for my life and well being."
An email from Steve Jobs, sent to himself, remarking on how much we all need each other:
"I grow little of the food I eat, and of the little I do grow I did not breed or perfect the seeds.
I do not make any of my own clothing.
I speak a language I did not invent or refine.
I did not discover the mathematics I use.
I am protected by freedoms and laws I did not conceive of or legislate, and do not enforce or adjudicate.
I am moved by music I did not create myself.
When I needed medical attention, I was helpless to help myself survive.
@naiivememe Is it a great monetary investment? Probably not.
But if a Porsche 911 is your thing, go for it. Owning things that make you happy is an investment too.
Learning how to save and invest is a skill. Learning when to spend money to feel happy is also a skill.
A mentor once told me: give your best, expect their best. When the run ends, no hard feelings — just two sides of a fair deal moving on.
Easier said then done I imagine.
This job market is absolutely brutal.
17 years of loyalty.
One email.
That’s how you find out you were just a number.
I'm all about hustle culture and getting ahead in life, but do not put work over your family.
But at the end of the day, we are all just a number on a spreadsheet.
Anyone, at any time, can get laid off.
Not arguing with “the poor own cars, the middle class own homes, the rich own businesses.”
Just pointing out that as wealth grows, everything else gets cheaper—relatively speaking.
At some point, a house or a car barely makes a dent.
"The poor own cars
The middle class own homes
The rich own businesses
Starting a business doesn't guarantee great wealth, but it's one of the few paths to get there." - Nick Maggiulli
In Korea, real estate prices have gone up for decades. Part of that might be because, historically, people didn’t have many other options. The stock market wasn’t as developed, so property became the main way to invest. Does that change as global investing gets easier to access?
The “stocks vs. housing” debate misses the fun part — leverage.
$200K down gets you a $1M home that’s now worth $2M, and leaves $800K to grow into $5.6M in the S&P 500.
Plus you’re prob sitting on a sub-3% mortgage.
Now that’s the American Dream.
If you bought a $1MM dollar home in San Francisco in 2010
It’s worth around $2MM today
If you had put the money in the S&P 500 instead
It’s worth about $7MM
Most arguments that homes are good investments are more related to the judicious use of leverage than the underlying performance of home prices
The decision to buy a home should be a hard one because the opportunity cost of your capital is so high
A home has to bring you immense joy compared to $7MM 😅
Absolutely agree with @dollarsanddata. One of the best part about index funds isn't just the returns, it's the psychology of it. Market dips are easier to stomach when you don’t feel like you messed up a stock pick.
The best thing about index funds isn't their returns. It's their inability to make you feel stupid.
When the S&P 500 drops 20%, you blame the market.
When a stock you own drops 20%, you blame yourself.
Ego is the enemy of returns. Index funds remove it from the equation.
One of the worst market drops in decades. Only 29 trading days since 1980 were worse.
But if you’re staying the course, not panic selling, and focusing on the long term—you’re already ahead of most.
Volatility hurts. Discipline wins.
#Investing#LongTermThinking#S&P500
"Mastery requires lots of practice. But the more you practice something, the more boring and routine it becomes.
Thus, an essential component of mastery is the ability to maintain your enthusiasm. The master continues to find the fundamentals interesting."
-@JamesClear