Josh D’Amaro is certainly making a splash on his first day as Chief Executive Officer of the Walt Disney Company. Amidst the most ambitious expansion yet of Disney Cruise Line, D’Amaro shared his recent experience on the launch of the Disney Adventure, the first ever Disney Cruise Line ship to be home ported in Asia. […]
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Most people think financial freedom is a vague dream reserved for the lucky or the born-wealthy. It sounds like something that happens to other people, in other tax brackets, in other lifetimes. But at its core, financial freedom is not a mystery. It is arithmetic. Once you understand the basic equation that governs wealth, everything […]
This is one of the news-iest Disney theme park roundups we’ve had in quite some time! It makes sense when you think about it: families are starting to think about their summer travel plans, and, as we’ll see when we talk about the latest discounts, now is the time to book that Disney World summer […]
Warren Buffett is widely regarded as the greatest investor of all time, but the version of Buffett most people know was not the one who started. The early Buffett was a disciplined disciple of Benjamin Graham, buying stocks that were statistically cheap with little regard for business quality. It was the late Charlie Munger who […]
After a long winter’s hibernation, visiting a national park with the kids is one of the best family vacation ideas for spring. In March, April, and May, national parks tend to be less crowded and not as hot as they are during the peak summer vacation months, which means plenty of outdoor space to stretch […]
Financial markets are not driven purely by logic and spreadsheets. Behind every historic boom and every devastating crash lies a tangle of human psychology, irrational behavior, and self-reinforcing forces that compound together until the results become extreme. Charlie Munger, the legendary investor and longtime partner of Warren Buffett at Berkshire Hathaway, developed a framework to […]
Teens can be notoriously moody and hard-to-please. When my own kids were teenagers, vacationing with their boring parents (that would include moi) wasn’t exactly on their list of favorite activities. What’s a parent to do? In the name of family togetherness, I tempted them with out-of-the-box vacation activities that were cool, even if I wasn’t. Here […]
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Charlie Munger was famous for thinking in reverse. Where most people ask, “How do I succeed?” Munger preferred to ask, “How do I guarantee failure?” then avoid it. He called this approach “inversion” and applied it to nearly every problem he encountered. Nowhere did he use it more memorably than in his 1986 commencement address, […]