Early Retirement Extreme

Becoming debt-free is the first step to building a better world. Financial independence is the second. Doing what YOU want is the third.

Market professionals and market efficiency

Published in July 30th, 2011
Posted by in Finance
17 Comments

There’s a relatively small group of market professionals that run most of the market. Each person controls tens or hundreds of millions of dollars or more. Far more than their personal wealth. These people are salaried professionals who work for mutual funds, pension funds, and insurance funds. They all ride the same subway to Wall [...]

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The climate science debate

Published in July 30th, 2011
Posted by in Philosophy
52 Comments

I just watched this debate on climate change (thanks to T_ from pointing it out) … and now I feel a rant is coming on. I’m happy that some are still willing to debate. Then again, maybe I’m not. I think it’s sad when science is being “debated” in a “fair and balanced” manner. It [...]

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Price and value

Published in July 29th, 2011
Posted by in Finance
8 Comments

There is an enormous amount of confusion between price and value; this problem was resolved a couple of centuries ago. I’m sure someone with a recent college degree in economics can tell me who finally solved it, but for a long time there was great debate over whether price and value were the same thing, [...]

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