Financial Advice and Critical Thinking

The requirements for a fiduciary focus on putting your clients interests first. The investment industry fights legislation to make this a law applicable to everyone.

Even a novice critical thinker would conclude that they fight this potential law because it will reduce their profits – which it would.

So it’s no surprise to read in today’s Politico’s Money Money by Ben White the following: Continue reading Financial Advice and Critical Thinking

How to Choose Good Passwords

Do you leave the key for your front door under the mat?

Do you leave your car doors unlocked?

The cyber equivalent of that level of security is the password “123456,” which is the number one password two years running according to Splash Data News. Click the link for the entire list.

Passwords that are obvious make them horrible protection. It’s like a hiding place that everyone would look.

Security is not an inconvenience for criminals. It’s supposed to  prevent them from getting in.

Here’s a few methods that will help… Continue reading How to Choose Good Passwords

Should we give up on privacy?

Assume that everything you type will be on the front page of the NY Times, so type wisely. Emails, texts, even snapchat instant deleted photos can/will come back to haunt you.

Fighting this seems pointless.

In facing this onslaught Sun Tzu would have suggested retreat and avoidance, but that’s not an option in today’s technological driven world.

I am writing this on a Macbook Pro with a camera pointed right at me. I’m pretty sure it’s not on, but with every passing day, I wonder a bit more about it. But at least I know about this.

What I didn’t know until recently was… Continue reading Should we give up on privacy?

Always One of the Most Successful People in the Room

The speaker will almost always be one of the most successful people in any room.

But that doesn’t come without a price.

You know the old saying, writers write? Well, speakers speak.

You have to learn the techniques of the trade and continually practice them to be a truly successful speaker – one that can captivate, educate, and motivate an audience into taking action.

You never know when you will be called on to step to the center of attention.

So start right now with… Continue reading Always One of the Most Successful People in the Room

The Critical Thinking Advantage

Sometimes students wonder why I wedge critical thinking into all of my courses.

I believe the future job market for those that can think, reason, and work though difficult issues will be strong. For those that need to be told what to do, the future lacks as much promise.

But it’s more than that. Those that don’t think for themselves fall prey to those that do.  I have no data to support my idea that critical thinking skills suggest better decision making and better decision making leads to more wealth.

To me, the root cause of wealth inequality is… Continue reading The Critical Thinking Advantage

Robbins Book Scares Me

Tony Robbins, who’s rah-rah and NLP I am okay with, has a new book that scares the daylights out of me.

He now touts himself a financial guru now and has tapped into some top financial names for his new book. While I haven’t seen is book yet, reports that seem very valid suggest that he interviewed a true financial genius, Ray Dalio of Bridewater Capital, and came away with a portfolio that has been called “All Weather.” The back testing on this portfolio from 1984 shows an average return of 7% and only four down years with a worst down year of -3.9%.

That sounds too good to be true…those who know me can finish this sentence already… Continue reading Robbins Book Scares Me