The Worst Investment Ever: How I Lost $10,000 Catching a Falling Knife

The Worst Investment Ever: How I Lost $10,000 Catching a Falling Knife

It’s pretty embarrassing to air this story in public, but it’s for a good enough cause that I’ve decided to bite the bullet. Back in 2015, I was still picking individual stocks, and doing pretty well for myself. I probably thought I was hot shit. That is, before I made a series of really dumb mistakes which cost me US$10,000.

I would have reached my six figures savings goal much faster if I hadn’t screwed up, but I didn’t lose any sleep over the whole mess. In fact, I’m actually kind of glad it happened. I might be a slow learner, but hopefully you can wise up sooner than I did…

Hiking the Himalayas in Flip-Flops

My broken jandals are dangling by a thread; one solitary scrap of medical tape holding them to my filthy and blackened feet. They’ve carried me for 150km, over ice and snow and scree, across the highest pass in the world. For every gauntlet the Himalayas has thrown down – insomnia, gastro, altitude headaches, frozen toes – they’ve provided a constant rubbery reassurance. Now it’s all falling apart at the seams…

Throw away your television, take the noose off your ambition, reinvent your intuition - now.

Throw Away Your Television

The only thing more banal than rappers spitting rhymes about their new 50” plasma screen is smug hipsters who won’t shut up about the fact that they don’t even own a TV, man. I apologise in advance for the sanctimony you are about to receive. Like so many clichés, if you dig deep enough, there’s a lustrous pearl of truth nestled amongst the old shellfish guts. So, here goes: I haven’t ‘watched TV’, in the conventional sense, for about five years…

Use The Force to Win At Investing: Lessons From a Billionaire

How a Billionaire Fund Manager Taught Me to Invest Using the Force

Star Wars fans come in all shapes and sizes. Sometimes they look like scruffy, twenty-something writers from a small island on the arse-end of the world. Other times they look like besuited, seventy-year-old billionaire fund managers from the American mid-west. David Booth is co-founder of Dimensional Fund Advisors, which manages about $445 billion of investor cash. I didn’t get to ask him to weigh in on the Han vs Greedo controversy, but our conversation was still among the most life-changing I’ve ever had.

The best books - 2016 edition.

The Best of the Best Books I Read in 2016

Goodreads just informed me I read 65 books this year. That’s miles away from my goal – which was to crack triple figures – but it’s still been a hell of a good year. About two thirds of the books I read were really good. From those, I’m skimming off the absolute crème de la crème to recommend to you.