“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” — Maimonides I love microlending. Here’s how it works: You give an entrepreneur in a developing country a loan for his business, e.g. to buy a water irrigation system for his…
Month: June 2019
“Margin of Safety” as a Principle of Life
In my last post I talked about the key principles of value investing. The one principle I keep using almost daily is the “Margin of Safety” principle. It’s such a powerful concept that I try to apply it almost everywhere in my life, especially to time management. When I have an appointment, I give myself…
The Key Principles of Value Investing
The style of investing that speaks most to me is value investing, as practiced by Warren Buffett and Benjamin Graham. I’m often asked: “What is value investing exactly?” Here is my understanding of the core principles: Have more purchasing power in the futureThe goal of all investing is laying out money today, so that you…
Practical Wisdom for Relationships: Read to Each Other
A friend recently brought up this topic: He is regularly reading to his partner in the evening, and they are both enjoying it very much. I told him that my partner and I have discovered the same thing. Pick something that interests you both. It’s wonderful quality time. You are near each other. You learn…