This is a stock market blog about portfolio management,foreign stocks, exchange traded funds and the occasional musing about my wildland firefighting experiences. The point here is to share process.
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Posted on November 26, 2010
Jonathan Hoenig has a wonderful post up about his oft mentioned grandmother who recently passed away at age 106. In the article Jonathan mentions a bit of wisdom that is similar to something Nassim Taleb has said. Taleb has talked about people learning everything they need about finance from their grandmother in terms of saving a lot of money and avoiding debt (both sides of the transaction).Specifically he writes;The most often-repeated financial advice she gave me was also the simplest: Save your money. Long before Suze Orman and Dave Ramsey made fortunes selling books about living beneath y...Original article link