I drive a Pareto

Not an Italian luxury car.
No. Pareto was the Italian economist that came up with the 80/20 rule. He figured out 20% of the richest families held 80% of the wealth (this is probably worse nowadays). More generally stated, the 80/20 rule says that 80% of the results come from 20% of the inputs, you spend 80% of your time doing 20% of your tasks, etc, etc.

i drive a pareto
My 1997 Honda Civic on the Skyline Drive in Colorado
Continue reading “I drive a Pareto”

The (book in the) 2020 letter from Warren Buffett to Berkshire Hathaway investors

I’ve already blogged about Buffet’s annual letters twice: in 2018 I wrote about a few quotes, and in 2019 I wrote about some lessons learned.

Now I have to confess that after some six or seven years of reading them they are getting a bit repetitive, although there is always something new. This year the new thing is some interesting idea Buffett shares from a quasi-obscure book from 1924 I had never heard about before: “Common stocks as Long Term Investments” by Edgar Lawrence Smith.

Warren Buffett 2020 Letter
Warren Buffett 2020 Letter
Continue reading “The (book in the) 2020 letter from Warren Buffett to Berkshire Hathaway investors”

What is a CPN

A CPN, or Credit Privacy Number, is a unique nine-digit identifier used as an alternative to a Social Security Number (SSN) for credit reporting purposes. This number is used by individuals who wish to keep their personal and financial information private, or who have been victims of identity theft or fraud and need to start fresh with a new credit history.

what is a CPN
Continue reading “What is a CPN”

The business of busyness

Let’s face it, we live in a culture that glorifies busyness. The business of busyness. It’s as if being busy is a badge of honor that we wear with pride. We fill our schedules to the brim with meetings, appointments, and endless to-do lists. But why? Are we really accomplishing anything or are we just spinning our wheels?

the business of busyness
Continue reading “The business of busyness”