by elmads “Ultimately, there’s one investment that supersedes all others: Invest in yourself (1), nobody can take away what you’ve got in yourself (3), and everybody has potential they haven’t used yet (2).” -Warren Buffett “Invest in yourself…” “Invest in yourself” you’ll always get to read and hear those words Read more…
by elmads Introduction “There is something magical about running: after a certain distance, it transcends the body. Then a bit further, it transcends the mind. A bit further yet, and what you have before you, laid bare, is the soul.” -Kristin Armstrong I’ve been intentionally running for health purposes since Read more…
by elmads Introduction This is a hypothetical question that some would think as a useless exercise. I couldn’t blame them because this a highly impossible scenario to happen, but what others don’t actually see is what lies beneath this question. It delves deeper into our own personal money decision making Read more…
by elmads Probabilistic Thinking “If you don’t get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest.” -Charlie Munger Everyone of us has been doing probabilistic thinking since we were young, and Read more…
by elmads “The more models we have, the better able we are to solve problems. But if we don’t have the models, we become the proverbial man with a hammer. To the man with a hammer, everything looks like a nail. If you only have one model, you will fit Read more…
by elmads Introduction It might seem weird to see such a title for an article, because how can investing money teach us about life? when it mostly correlates with numbers, finances, money strategies, capital allocation and economics? Yet, there’s this one factor that most of us forget about this endeavour. Read more…
by elmads DISCLAIMER 1: This is a work of fiction. Unless otherwise indicated, all the names, characters, businesses, places, events and incidents in this blog are either the product of the writer’s imagination or used in a fictitious manner. Any resemblance to actual persons, living or dead, or actual events Read more…
by elmads This might be a confusing blog for my readers, because just recently, I posted a blog titled “Is the home we live in an investment?”, and I emphasized there that most homes can still be an investment, but its returns will most likely disappoint most people when compared Read more…
by elmads Introduction This is a very controversial topic that has been talked about for decades. Two sides argue that a home you live in is not an investment, while the other side begs to differ. The actual confusion here comes from the main subject of this topic. What do Read more…
by elmads Introduction In my previous blog “The Creation of Money Part 1” I’ve discussed two ways how money is created. One is to through “seigniorage” (Central bank printing money then the difference between the face value of money and the production costs which also becomes the income of the Read more…