Search Results for: early retirement

The FTX Crypto Exchange Collapse: Lessons We Should Learn

Something crazy just happened. FTX, formerly the second-largest cryptocurrency exchange, collapsed overnight. It went from a valuation of around $16 billion to a negative valuation due to a liquidity crunch and debt. How did this happen? FTT, a crypto coin that the FTX exchange issued, plummeted in value because Binance, the largest cryptocurrency exchange, said

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How To Have A Risk-Appropriate Asset Allocation When Investing

Since 2009, one of the things I have focused on is trying to help readers have a risk-appropriate asset allocation. A risk-appropriate investor invests according to their true risk tolerance. When you invest according to your true risk tolerance, you usually become a calmer, wealthier person. Over the long run, your investment asset allocation is

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When To Play The Status Game Again: Money, Fame, And Impact

Since 2012, I have tried hard to stop playing the status game. After all, leaving my job in banking meant losing status at age 34 when folks are usually coming into their own. After my career was over, I turned down multiple TV show appearances, podcast interviews, and speaking gigs. To be able to just

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Personal Lessons Learned Since The 2008 – 2009 Global Financial Crisis

With the Fed finally embarking on a multi-year rate cut cycle, concerns for another recession or even another global financial crisis is growing. We’ve got tariff uncertainty, geopolitical risk, a slowdown in the labor market, and stock market valuations near all-time highs. I would not be surprised if another recession comes that leads to stagnation.

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Conduct A Regret Minimization Exercise To Help You Move Forward

One of the main reasons why I wrote my WSJ bestseller, Buy This, Not That was to help readers feel less regret by making wiser choices. Regret is one of the worst feelings, especially if it is a type of regret that could have been prevented through knowledge. The easiest way to stop saying, “If

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Overcoming The Trough Of Sorrow: Defeating An Emptiness Inside

Here in the San Francisco tech startup scene, we have a term called “the trough of sorrow.” The trough of sorrow refers to the sadness that comes after a setback or a big win. After a setback, you’re tasked with finding product-market fit to survive given your company has a limited runway of cash. You

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