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Are you ready for a major financial event?

Catastrophes are hard to predict. If an undesirable event is predictable—like the exhaustion of the sun’s fuel reserves, or the eventual erosion of the earth’s atmosphere, then those aren’t usually thought of as “catastrophes”. A catastrophe is when a complex system suddenly changes state. The complexity of the system and the suddenness of the transition …

Had enough of being called “white trash”?

Something that puzzled me for a long time was how I managed to be a low-status man. I made good money, worked for a name-recognition company, owned our family home and some investment rental property free-and-clear. I have a marketable degree from an admittedly 2nd-tier public university; it’s all I could have afforded. I have …

Here is an article on Bloomberg about over-consumption by the wealthy. Too many people want to be wealthy so that they can over-consume. They assume that happiness is getting what they want, and wealth is the means to get what they want. If you’re not happy with 3 wholesome meals a day, playing with your …