Early Retirement Extreme Forums

‘The Man Who Broke Capitalism’ by David Gelles is an excellent review of Jack Welch’s impact on employment which I think this thread highlights. @riggerjack summarizes it well I think - short term financial incentives created a situation that is sub-optimal but unfortunately understandable from the ...

Carl Rogers is definitely academic from his time period. The concept of the universal desire to be understood and the desire for a good life full of the complications that it entails is part of what he wrote about. Maslow is a rather simplistic model of human beings and the pyramid is, to me, a simp...

Not a comment on SSRI usefulness - that is a complicated interesting literature which is beyond my ability to explain in a few words But the article stating that serotonin is not causative in depression states nothing about the usefulness of SSRIs in treating depression. Assuming equivalence of caus...

Theoretically in a open market all assets will have the same risk return or else capital would flow to them. The problem is that the stock market is not the only available assets and it varies country to country as to what businesses and assets are tradeable and capital flow has limits. Therefore in...

Mom, I hate candy. I know everyone else likes candy. Mom responds, ‘Have you ever tried candy?’ I am not the kind of person who … How do you know? You can hate candy and only like broccoli. But if you never try candy especially when you have structured your life to the point that candy would not cau...

There is probably a market in people who are lost and overworked but still are making money. Show them there is another way. It would be short term and would have to find the correct group. But after working 100 plus hours that week - some people might be for a way out. By the time someone gets to s...

Cryptocurrency feels a lot like 19th century money. Bank runs and systemic crashes used to occur on a regular basis. What is surprising to me is not the crash due to a clever raid but that more runs/systemic interaction events have not occurred. The past does not repeat but it does rhyme with the fu...

Every century is bonkers. Try 1930 to 1990 - you try telling me experts would predict the US as being the only great power post war that retained money. Then the rapid rise of Germany and Japan post fall etc etc How about 1870-1930? US succeeds - Argentina and Russia goes to nothing in between 1810-...

Money is the McMansion in Sarasota that starts falling apart in ten years. Power is the old stone building that stands for centuries. I cannot respect someone who doesn't see the difference. ~Francis J Underwood I first looked at this and thought it must have been written prior to Kevin Spacey’ sta...

I think the oldest book i read was Wealth of Nations (1776) but its a tough one and not directly about investments. Book 4 part 3 is about trade and the East Indian Company vs investing in local businesses so I would argue it as a key book on investment of its time He really disliked the monopolies...

Just finished the book ‘Move’ by Parag Khanna He argues that migration will increase in the near future. There are five forces that drive it: climate change, demographics, politics, economics, and technology. A big chunk of his book is on the first. Recent European events makes me think that politic...

Any reading on crypto crimes and kidnappings make the concept of crypto making things secure without a police to protect you is a complicated one. Crypto may protect you from the state as long as the state does not threaten your person ( but then so is any other form of capital). But it does not pro...

Ego - fascinating and depressing read
Thank you for posting

Maslow is sometimes misquoted and also fixed in time. He later on indicated how some people can find enough meaning from higher levels in the pyramid to neglect the lower. Yes, there are monks who live on charity. But there are those who would rather starve than accept anything that goes against the...

https://noahpinion.substack.com/p/the-m ... e-economic

Recent article on infinite growth to follow up the last point

The question is whether the ‘elites’ provide a benefit. On some level, most jobs in the complicated system of our production are just intermediaries to physical products. We need to know how much to produce, where to produce and how to use. If you recommend a medication to a sick patient, that is ju...

Replacing like for like non consumer with a skill to consumer who buys the same thing produced by someone else all things equal would not change ecological impact. The difference is that all things are not equal. The impact goes both ways. Large scale producers benefit from economies of scale. Large...

You can get a free - no call quote
https://www.immediateannuities.com/

Some people seem to embrace FIRE or ERE because they value production and find parts of their work fulfilling. If they could just accept it as a trade of time for money, they would not get as upset with the stupidity around them. This seems to be a common theme on forums. ‘I am a highly trained empl...

Muggsy Bogues was 5’3’’ Unfortunately I cannot call him early retirement as I think he played 14 years in the NBA. So if we go by history, you have to be at least 5’3’’ to play NBA but I do not know what is the smallest amount of money anyone has ever retired on. So therefore logically if you are ta...