I recently returned from a long weekend trip to my hometown (made longer by one voluntary bump and one involuntary missed connection), and have been turning over in my head something that has come to seem more and more important to me. Here it is: small-town life is so obviously superior to big-city or suburban life that the suggestion that big cities or suburbs are better … [Read more...] about An unbridgeable divide in American life
If you follow the world of financial advice at all, you know that professional financial advisors don't have much patience for the so-called advisors you find tucked away in the corner of bank branches or affiliated with brokerage houses. Unlike fee-only Registered Investment Advisors, such firms have substantial flexibility to give "advice" that operates in the best interests … [Read more...] about Things I learned from an actual big bank advisor portfolio
Last week Noah at Money Metagame announced he and his wife were considering what he called a "gap year:" taking time off from the workforce to go on an "epic road trip across the country." I thought this was an excellent idea, and told him so on Twitter. Then I started riffing on gap years and realized the thing I liked least about it was the idea of limiting it to a … [Read more...] about If a gap year is good, a gap life is even better
Many people are saying, "sure, I love Independently Financed, but I'm upset there's no way I can express my support in tangible terms, like a monthly contribution." Other people are saying, "Independently Financed is literally the worst blog, but I don't have any way to express my disgust with its author's constant hectoring about entrepreneurship and economic … [Read more...] about Independently Financed has a Patreon page!
There is a question which I find fascinating but which everyone else seems to treat as utterly banal: why do people operate mutual funds, hedge funds, real estate investment trusts, and other investment vehicles for the benefit of other owners and shareholders? After all, if you really believed that a long/short market-neutral trading strategy will generate returns in excess … [Read more...] about Why do people operate investment vehicles?