Kevin Kelly, co-founder of Wired magazine, recently turned 70 and shared 103 bits of advice for young people. I picked out the 7 that resonated with me: 1. About 99% of the time, the right time is right now. 2. Whenever there is an argument between two sides, find the third side. 3. Speak confidently as if you are right, but listen carefully as if you are wrong. 4. Nothing beats small things done every day, which is way more important than what you do occasionally.

Markets can stay irrational longer than you can stay solvent. This famous quip from Keynes is great advice for anyone in many situations. Sometimes, I’ve been in a position where I succeed if things happen the way I think they should happen. Other times, I’ve been in a position where I succeed even if things happen contrary to my expectations. You always want the latter, especially when it’s something beyond your control.

Many of the young investors I speak to regularly think successful investing is about being a talented stock-picker. They usually don’t have much experience with investing. Extreme cases are top of mind, whether it’s an aunt who had a successful fluke or stories of people losing money in a crash…

In the 10th and 11th centuries, anything that meant “Russia” was mainly centered around Kiev and surrounding regions. Christianity came to the region, through its Greek branch, from Constantinople, which was the center of the action and the seat of the Roman empire. Unlike the Western Church, Russian clergy and…

It’s easy to be smart and talented yet feel horrible about their money. But the results you see are perfect for the system you’ve created. All it takes is a slight shift in focus to change the results. The high performers with secrets High performers are great at what they do. They have developed an…

It’s easy to see when someone lacks focus because I struggle with it myself. For years, I believed that busy-ness was a virtue, and I’ve had plenty of help from others. The virtue signal of “I’m so busy!” Is just bragging wrapped in a fake complaint. …

Millennials and Gen Z investors are discovering an industry that is not prepared to serve them adequately. The coming changes will reveal the stark contrast between business as usual and a developing model for a newer generation of clients. The industry even demographically isn’t representative of the investing public, which…

In 2004, I got a piece of advice in a gym I still apply to this day. I was chatting with a guy about why I use the gym on base, jokingly saying that it’s free. As he politely laughed off my remark I added that the regular workout schedule…

Thousands of years ago, as the people of Israel approached the promised land, 12 spies went on a recon mission and cam back with conflicting reports. Two of the men, Joshua and Caleb, saw a land flowing with milk and honey. The other ten saw frightening giants who would certainly…