April 23, 2018

About ingenuity, persistence, and how Africans live day-to-day.

No better book to teach kids about character, and for adults to learn about life in Africa. These are the 5 topics I enjoyed the most in the book:

1.Ingenuity. William was so poor that many days his family c...

April 8, 2018

Cash 1. Cash is expensive. It costs 10% in bad exchange rates and fees 2. Cash can get lost or stolen 3. Cash doesn’t give you cash back and insurance like credit cards do Debit cards 1. Debit cards get you the best exchange rate. 2. Debit cards minimize the amount...

March 31, 2018

1. Best exchange rate. The spread (difference between the buying and selling rate) charged by Visa and Master Card is 0.4% for the Euro. Exchange rate kiosks located at airports charge close to 10%. While the spread varies by currency, the rates charged by Visa/Master...

March 30, 2018

1. Cash is expensive. 2. Cash can get lost or stolen. 3. No insurance or cash back.

March 8, 2018

I love processes. I only use white shirts to work to save time. Good processes enable 3.5 million passengers per day to use Shinjuku station and drivers in Switzerland and Dubai to report minor car accidents in less than 3 minutes, with no need to wait for the police t...

March 8, 2018

Globally, 6 bags are mishandled per 1,000 passengers.  That works out to 3 pieces of luggage lost on an average Boeing 747 or Airbus 380 carrying 500 passengers. That is on each flight.

Smaller carriers, which also fly smaller airplanes, have a much worse ratio. At Amer...

February 4, 2018

Article link  https://goo.gl/q8JhT6

-Credit card issuers have a right to limit their credit risk and fraud losses.

-Bitcoin is behaving like a speculative bubble. The definition of which is:

“A large upward move in an asset’s price driven not by the asset’s fundament...

September 29, 2017

I noticed the picture on this article in the WSJ shows Sweden as one of the best. I lived in Sweden for a couple of years 10 years ago.

Back then, their IRS system collected my earnings from my employer, and mortgage interest from my bank. Then it sent me a text. I coul...

September 28, 2017

Although it is believed that it will be used to invest or buy back shares, Companies repatriating cash will use it to pay down debt. This will be a purely accounting transaction.

Currently, the cash companies have overseas is used to back-up debt and thus reduce borrowi...

July 23, 2017

Yes, I would save $500 per month and invest it on SPY. This is an ETF wich resembles the S&P 500 and has some of the lowest expenses. It is reasonable to assume a return of 7% per year over 30–40 years. With that, you will have over a million dollars.

Also consider:


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