If you're new here, this blog will give you the tools to become financially independent in 5 years. Here is how I did it and here is how I currently do it. The method is robust and replicable (no need to win the lottery, start a blogging business, or win at real estate), but not easy; much in the same way that a diet results in weight loss but is hard to follow persistently unless you set your mind to it. The key is to save 75%+ of your net income and invest it in income producing assets (bonds and dividend stocks). There is a "step-by-step" plan for how to get to 75% in the right side bar. I try not to be too trite, so if I cover a topic, you will probably not see it again for a very long time, thus you may want to read the older posts here and here.

In reality, what happens happens. However, once an observer or an agent is introduced, the agent will try to model, mold, or change reality. Any modeling or molding of reality has known-knowns, known-unknows, unknown-knowns, and unknown-unknowns (Read more here). Known-knowns follow from certitude. Unknown-knowns follow from incompetence. Risk deals with uncertainty in the form of known-unknowns, which are usually handled statistically, and unknown-unknowns or so-called black swans. With that in mind, I proudly present The Cavalcade of Risk #49.

GENERAL

INVESTING

FINANCE (BEAR STEARNS)

INSURANCE

STARTUPS