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Baggage
We all have baggage. We’re used to thinking this in the context of relationships and personal hang-ups. In recent years, there are more people talking about it in the context of money, though I suspect a majority of “serious” finance people dismiss this as snowflakey, touchy-feely nonsense. The dismissiveness is kind of a LOL for…
Frugality
I saw this screencap making the rounds on Twitter: The post reminds me of a favorite koan. The Buffalo Koan. Wuzu Fayan said, “It is like a water buffalo (an ox) that passes through a window. Its head, horns, and four legs all pass through. Why can’t the tail pass through?”From The Gateless Gate One…
Marshmellows
(apparently the correct spelling is “marshmallow.” I’m not going to go back and change it) There is a famous experiment called “the marshmellow test.” It is a popular point of reference in behavioral finance circles. Here is a summary courtesy of Wikipedia (footnote annotations removed for clarity): The Stanford marshmallow experiment was a study on…
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