It’s been a while since entrepreneurs have HAD to be resourceful. We just wrapped up a decade-long bull market, the longest in human history, and capital was cheap and relatively easy to come by if your company showed promise. Times have changed, though. Entrepreneurs are now forced to make more with less. Elon Musk laid…
We tend to oppose our parents during adolescence and young adulthood. For whatever reason, maybe it’s defiance, we have a distaste for their choice of music, fashion, and sometimes vocation, and we significantly differ in social habits. The contradictory preferences younger generations have relative to the group one or two generations above them (their parents)…
Building a successful business should not be overly complex. Hard work? Yes. Complex? Not if founders are focused on what matters. Suppose founders remain focused on the reputation they want to have with their customers (i.e. trustworthy, ultra high-end, caring, efficient, intelligent, funny, etc.) and execute exclusively based on that vision. In that case, the…
A landlord pursues passive income while patiently waiting for the underlying asset (condo, townhouse, detached home) to appreciate. That’s the model. Pretty simple. You want to get paid to wait and not allow asset ownership to consume much of your time. The more time the investment property consumes, the less passive it is, and the…
Over the last thirteen years, since the Great Recession, the economy has been rigged. Yes, rigged. To spur the economy back into a growth phase after 2008’s near depression, the Federal Reserve created a loose monetary policy that made money very cheap (near-zero interest rates and the central bank bought assets, otherwise known as quantitative…
For the most part, I avoid watching TV. Sitting down to watch a show often gives me anxiety, likely because I know there are numerous better things to do with my time. Having said that, one show I’ve been able to watch guilt-free is Netflix’s ‘Formula 1: Drive to Survive’. It’s an inspiring series full…
Driving through a rural part of the Rocky Mountains for a hike, I noticed on the side of the road, in the middle of a field with caribou grazing off to the left, three younger women decked out to the nines. Odd, I thought. This isn’t the type of place you go dressed up… it’s…
I recently spent some time in Jordan. What a place! The rich history, delicious food, friendly people, and diverse landscapes make it a spot to put on your bucket list. Although on vacation with my family, while there, I wanted to learn more about the country’s water crisis, given that Jordan is among the most…
Written in 1968, ‘The Lessons of History’ is very much relevant in the 2020s… as with all great history books, they never expire. The book was written by wife and husband Ariel and Will Durant, two Pulitzer Prize-winning historians with philosophical leanings and a fantastic ability to provide lessons from empires and famous (sometimes infamous)…