I read a lot of books about finance and investing, and this is one of the best. I seriously put this on par with Benjamin Graham (The Intelligent Investor and Security Analysis, Warren Buffett (Berkshire Hathaway shareholder letters), and John Mihaljevic (The Manual of Ideas). It is that good.Continue reading “Book Review: Active Value Investing”
A Christmas Carol Is a Lesson in Opportunity Cost
Opportunity cost is the how you would spend your time or money if you chose your favorite alternative to the choice you are making. For example, I am tempted to add the extra sports package to my Sling TV account, but it costs an additional $11 per month. $11 doesn’t seem like much, but if put into my retirement account instead, $11 per month is $6,000-8,000 in future value. Using the 4% rule, that’s about $300 in future annual income, or about $25 per month in retirement income. So an $11 per month now costs me $25 per month later. That’s a heavy opportunity cost that one might not consider before making a seemingly small financial decision.Continue reading “A Christmas Carol Is a Lesson in Opportunity Cost”
Book Review: How to Prepare for Climate Change
I enjoy watching David Pogue host episodes of Nova on PBS. He is great at taking complex science and making it accessible and interesting to the view. His new book, How to Prepare for Climate ChangeL A Practical Guide to Surviving the Chaos, is along those same lines.Continue reading “Book Review: How to Prepare for Climate Change”
How Much Energy Do You Save with a Heat Pump?
Quartz published an article today titled “Want to cool your home, save money, and curb climate change? Try a heat pump“, which has some helpful tips about what a heat pump is and why it may be worth considering for your home. About a year after we bought our Central Indiana home, we converted our HVAC system from an all-electric furnace and central air system to a heat pump. Now that I have a few months worth of data, I thought today would be a great day to see what a difference it made.Continue reading “How Much Energy Do You Save with a Heat Pump?”