And ongoing risk of an endemic new virus even after a vaccine is developed. Even though we have flu vaccine, it still takes its toll every year and is probably here to stay.
I draw a big rectangle with a line down the middle. On the left is Assets. On the top right is Liabilities (aka debt, the remaining lease payments for housing, etc). On the bottom right is Equity. This is the number that must compound at an acceptable rate no matter what happens to the market, my income, etc (I'll leave it up to you to decide what rate you want to commit to in the near term). I have found that drawing and redrawing this on paper beats most software approaches. If someone asks, "what if my equity number is negative?" I say take steps to get it to positive. If you get it to 1 dollar, great, your first year ROE is going to be 1000% if you happen to save 10 bucks that year. https://awwapp.com/b/uybcpyttt/
The reason is that arguably a traditional search firm is a broker, whereas an aggregator can introduce new efficiencies. This is how disintermediation typically happens. Classic example: travel agents vs expedia.
Which 30 year period you get to live and work in is what matters most, and the timing of the bad years. Which is why I recommend this calculator: https://firecalc.com/.
I enjoyed this article but I find the people rejected by Harvard more interesting than the ones who dropped out. Warren Buffett is on this list. The people who dropped out after all always had an implicit invitation to come back if things didn't work out.
Was lucky enough to hang out with him and Marvin Minsky at Marvin's home in 2014, which PHW organized as a seminar. A generally surreal experience. Some things I recall: both had great understated senses of humor. PHW and Marvin even at their ages remained interested in 'figuring things out' but also were fond of laughing at what they didn't understand, or rather maybe where their knowledge gaps were. It was immediately clear why they were friends and colleagues.
There are two types of partners in the MSFT ecosystem: those that build, and those that license. If this is a change to support the partners with product/implementation expertise, then it's a good change. But I think it's too early to tell.
It's not uncommon for up to 1/3 of usage and therefore the bill on VMs in the cloud to be consumed by garbage collection. So if you can rewrite it without a garbage collector, you can save money. A great book on this topic is "The Beast Is Back" by jetbrains. Advocating C++ in that case (written in 2015). If GC makes you more productive, that's good, but at some point rewriting things without GC makes sense.
Montessori uses clear test tube learning devices with beads. Less abstract and more easy to visualize. This is taught in 2nd grade. In your above example, the blank or variable is an empty test tube, the 4 is a tube with 4 beads, and the 9 is a tube with 9 beads.
Also, I was speaking from a leverage standpoint. If someone is worth less than the value of a house, and finances most of it, then they have effectively put their personal balance sheet book value into negative territory, effectively making an ROE calculation very ugly in the near term. The scenario described above is just the effect of leverage, not the fact that said leverage is applied to real estate.
The annual net from the house you live in I guess is arguably the benefit of living in it. Hard to compare that with the dividends produced by an index. The dividends produced by the index can be used to pay rent, for example.
So the author's parents encouraged leverage by subsidizing a down payment on real estate, an asset class which underperforms index funds. The story doesn't seem to end well; it is probably self correcting in the long run.
The reason ads for podcasts don't deserve blocking and are OK is that they are completely opt-in. You have to enter a code or go to a URL in order for the podcaster to get credit.
Sorry, was reading multiple articles on this topic at once. Yes this is a newsroom post, however they plan to let individual users know via their newsfeeds: https://www.bloomberg.com/news/articles/2018-04-04/facebook-... "Facebook says it will tell people, in a notice at the top of their news feeds starting April 9, if their information may have been improperly shared with Cambridge Analytica."