Monte Carlo Simulation
From roulette wheels to hurricane paths, Monte Carlo simulations help us model random scenarios, pulling signal from the noise.
The Best Interest » Archives for 2020 »
2020
The Stupidly Simple Secret Sauce of Personal Finance
People yearn for hidden knowledge–the secret sauce! But personal finance doesn’t have to be complicated. The secret sauce of personal finance is simple.
Living on Minimum Wage
I assumed I’d need to “trim some fat,” but that my thrifty budgeting habits would largely be adaptable to a significantly lower income. I was very wrong.
Do You Know Dave?
Dave’s a simple guy with an average lifestyle. He’s also in a financial death spiral. Do you know Dave?
Chess, Rice…and Investing
Do you know how the inventor of chess was rewarded? The answer might help you retire early.
Preparing For a Second Wave
History suggests we need to plan for a second wave of the pandemic. Or don’t—it’s your call. I hope you’re right. But I’m not planning on it.
Simple Financial Goals
Attention is expensive. I won’t waste yours—at least not today. If you meet these ten financial goals, you’ll be better for it. That’s it.
What is a Debt Crisis?
While “debt crisis” might sound like economic jargon, the fact is that it hurts individual lives. A global COVID debt crisis would be crippling.
Jeff Bezos and the Meritocracy Kings
The cream rises to the top. The most fit deserve the most reward. Bah! That’s rubbish. Meritocracy ignores luck and survivorship bias, and we need to fix it
How to Trust Someone? Ask for Proof
It’s a lesson in personal finance and a lesson for life. If you don’t know how to trust someone, start by asking for proof.