High inflation is the best health policy since Obamacare!
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If you want to eat steak you have to pull yourself up by your bootstraps and put in the hard work to make it happen. That’s what my dad taught me before I inherited the car dealership from him.
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Lol true but not the way they said it. Here’s more on why it’s a blessing in disguise to be too poor to afford normal food:
Scientists tell us our brain plasticity will improve by trying novel things. There’s an advantage to mixing up what you consume to cope with unusual price spikes: You become more resilient as you create a locus of control and interrogate your habits.
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That can’t be real.
I am genuinely impressed that they came up with a stupid reason to eat lentils. Finding a good reason to eat lentils is an incredible layup for people that can think in terms other than corporate buzzwords. But sure, we can improve our resilience by eating lentils, why not. It probably improves my Diversity, Equity & Inclusion KPIs as well. Lentils also help me lead with empathy.
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Every last bit of it.
as opposed to checks notes pet chemotherapy
I ain’t doing that
all of those reasons are SOCIALISM!!!
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The reasons they give for not buying in bulk actually dont have anything to do with whether you buy in bulk or not. Basically yeah you can buy in bulk but you’re gonna waste money anyway on other things cuz reasons so don’t even bother
And stay away from buying in bulk — you usually don’t save any money by buying more. Sure, there may be great deals, but most consumers wind up falling for the tricks that entice them to spend more — things like offering free samples, which often leads to impulse buying, or placing discounted big-ticket items near the entrance. If you absolutely must buy in bulk, try to do it with a friend, so you can split some of the costs and ensure everything gets eaten or used.
Save money by not buying things. Big brain time from Bloomberg here, I’m impressed.
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I buy in bulk because I’m lazy and I hate running out of stuff. You know who had plenty of toilet paper two years ago? This guy.
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As my friend who runs his parents restaurant empire said “people who are making minimum wage have the same access to capital as everyone else”
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Man I like Chris Hayes a lot but yikes.
I’m not going to make myself listen but maybe she has good takes on innovation and terrible takes on valuation of the underlying stocks?
Meh, If it helps people adhere to buy and forget as oppose to panic selling or swing/day trading than maybe, - but there is nothing revolutionary there. It’s like a fish asking if he should read super system or NLHTaP to help curb his poker losses even though he runs over to the Pai Gow table and blows it all away after he takes a single bad beat.
What’s crazy about the robo advisor platform that @CaffeineNeeded linked to is that they hold 30% of your portfolio in cash. That’s stupid and completely blows up their value proposition. They will be surrendering so much expected return with a 30% weighting to cash that you might as well pay higher fees to be fully invested. For most investors as simple low cost 100% stock index ETF or even 50% stock/50% bond index ETF mix will outperform their portfolio most of the time.
Well, I mentally tapped out about 15-20 minutes in. To the best of my memory:
Her big theme seemed to be that there are multiple pillars of innovations (e.g., AI and solar energy), and the really exciting part is going to be when those pillars start to merge. Here’s the example where I threw my phone in the street:
Right now, there are places where solar energy is useful to the point of being over-abundant. I believe she’s now headquartered in St. Petersburg, where she says that the weather is such that a given location’s solar panels can generate more than the daily energy use of that location. And until there’s better storage and transmission available, that excess is kind of wasted.
BUT, and this is where it gets exciting, that excess energy instead of being wasted could be used for:
mining bitcoin
She had very little to say about investing or valuations, which is good. But she did say that, in aggregate, the market cap of the 5 pillars of innovation or whatever was likely to increase by 30% per year for the forseeable future. And that a skilled investor could earn much more than that by judicious selection of stock within that group.
I obviously had a pretty strong opinion about her before I listened, but this did nothing but make me think she is a doofus (at least in terms of investing).
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I actually know nothing about her other than @Riverman likes to dunk on her. So I went and read her Wikipedia entry and literally burst of our laughing.
I don’t know about you, but when I hear that someone is a mentee of Arthur Laffer my confidence in them goes through the roof!
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I own shares of a public company that was just bought by a PE firm. They are paying out at $66 per share, those share won’t be tradable on exchanges when the deal is done so do I have to sell them now or do they send me a check for whatever I’m owed?