The Matthew Effect: For to everyone who has will more be given, and he will have an abundance. But from the one who has not, even what he has will be taken away.

Meditations on Momentum

What’s the difference between Robert Galbraith and J.K. Rowling? Clearly, being a talented writer is necessary, but not sufficient. Rowling has momentum on her side. At this point, she could publish the contents of a bowl of alphabet soup, and it would still sell better than 99 per cent of novels by hopeful first-time authors.

This is a ‘no duh’ example, designed to get you nodding your head along. But momentum is everywhere, and it’s rarely in plain sight. Without being consciously aware of doing so, I’ve written about it in four domains…

Fuck-You Money Part II

If you ever need a refresher on the importance of fuck-you frugality, go peel off a $100 bill, and subject yourself to the silent, brooding judgment of Benjamin Franklin.

The side-eye is so doleful it traverses time and space. It’s almost as if Franklin knows his face is about to be a) rolled into a tube and stuck up some degenerate’s nostril, or b) used to purchase another superfluous piece of junk that will, in short order, be discarded upon a mountain of previously purchased superfluous junk.

Franklin’s not mad; he’s just disappointed. He wants us to be better…

Somebody wants you to do something, fuck you. Boss pisses you off, fuck you! Own your house. Have a couple bucks in the bank. Don't drink. That's all I have to say to anybody on any social level. Did your grandfather take risks? I guarantee he did it from a position of fuck you. A wise man's life is based around fuck you.

The Joy of Fuck-You Money

Humphrey Bogart used to keep a $100 bill in his dresser drawer at all times—a decent chunk of change in the 1920s. He referred to it as his ‘fuck-you money’, because it meant he’d never be forced to take a crappy part. According to Bogie, the only good reason for making money was “so you can tell any son-of-a-bitch in the world to go to hell”.

Unlike Bogart, I am not a tough guy. One time I cried in front of my boss. She gave me the rest of the day off. In fact, all my bosses have been great. I’m struggling to think of a single person I’d like to say ‘fuck you’ to.

But there are plenty of people who I’d like to politely say ‘no thanks’ to. And I say it all the time! It’s great. If I think back on the last few years, fuck-you money has changed my life.

Best books 2017

The Best of the Best Books I Read in 2017

It’s been another self-indulgent year of funemployment for yours truly, which means I’ve had the time to read as much as I want; basically cruising around the library with my mouth open like some sort of bibliophilic basking shark. Since most people don’t have this luxury, I hope I can provide a small public service in filtering out the tastiest morsels that have passed through the bristle-like gill rakers encircling my giant, unhinged jaw…

Advanced Investing: The Barbell Strategy for Investing

Advanced Investing: The Barbell Strategy for Bastards

Marry an accountant, but have occasional flings with rock stars. Lift very heavy weights for a few repetitions, then do lots of low-impact cardio. Work a secure and boring job, while pursuing highly speculative ventures on the side.
The common thread running through all these ideas is called the ‘Barbell Strategy’, and it’s useful for all sorts of big decisions – from your career and work, to health and fitness, and of course, your investment portfolio…

The Barbell Strategy: How Not to Be a Starving Artist

The chances of making it big as an artist, writer, or entrepreneur are vanishingly small. However, there is one way to not only give yourself the best shot possible at succeeding, but avoid a bone-crunching existential crisis if things don’t go according to plan.