“Buying local” is the shortest known term for economic illiteracy. There are things that are sensible to make locally. Like bottled water. Nobody can tell the difference between Evian and decent tap water blindfolded, just like nobody can hear any difference … Continued
My friend has a problem that’s uniquely European – only through incredible effort can he avoid being given money by several government agencies. As he is currently quitting his job and preparing for impending fatherhood, the amount of cash various … Continued
I make a lot of fun of the startup culture. And to be sure, there is a lot to make fun of. However, I have a secret to share. I am actually enthusiastic that this is what young people today … Continued
They certainly are the normal places to get, develop and share great ideas. A handful of friends and I have launched a startup. I will share more info here when the time is right, so check back often or, better yet, … Continued
On watches The CEO Of TAG Heuer said that he’s “pleased about the Apple Watch“, because “Apple will get young people used to wearing a watch and later maybe they will want to buy themselves a real watch.“ Aside from … Continued
All the significant success stories that I am aware of – including firsthand – have one thing in common. If you look at Apple, Google, Facebook, Microsoft, Tesla… They did nothing radically new. Apple didn’t invent the mp3 player, the … Continued
I went to a friend’s wedding this weekend and was genuinely moved by how beautiful these things can be – when you don’t try too hard to make them beautiful. The happy couple ditched every cliché, and even though a … Continued
The internet likes to get angry at things. In the sheltered existence of the western middle classes, few things offer the adrenaline rush and community spirit of righteous indignation. The feeling is so addictive that if righteous indignation cannot be … Continued
A report by a non-profit made rounds of the media in my little country a while ago claiming that three quarters of children have experience with drugs. If your first instinct was “that doesn’t seem right”, congratulations, your common sense … Continued
I wrote another one of these economics articles, because nobody reads them which gives me freedom. Everything from pub chats through expert debate to government policy in western countries has been split roughly into two camps for the last several … Continued
If you use Facebook, you’ve seen your fair share of “Society these days” memes, where people complain about alleged societal and moral decline (in reality, usually their own injured narcissism, but we’ll get to that in a moment). All share two … Continued
If you’ve ever been on the internet, you ran into the so-called “paleo” diet – an approach to nutrition based on the notion that the healthiest possible lifestyle was practiced by people who died at twenty.
You guys, Something amazing just happened. In a time of constant competition for attention when sign-up forms force themselves on people on every website on the planet, one of you guys actually asked for a signup form for a newsletter. … Continued
An “expert” is: A person who is wrong slightly less often than non-experts, which is still most of the time. A person whom the speaker wants the listener to trust. Ultimately, when applied to soft disciplines such as economics (especially … Continued
In “alternative investment”, like in “alternative medicine”, the word “alternative” really means “not”.
Disclaimer: The following is a hypothesis based on solid observational evidence. It is, nonetheless, not rigorously tested by, for instance, analysis of blood samples post-exercise. I encourage ambitious scientists and doctors to do exactly that and report back with results, and … Continued
Following up on the first part which was mainly theoretical, let’s have a look now at a handful of tips to help you build good habits in practice: Baby steps Your brain resists abrupt changes. If you motivate yourself to a titanic … Continued
There is one principle of good writing that’s 1) rarely said, yet underlying all common advice and 2) shockingly applicable to everything else. Look at this horse painting. Really look at it: It’s a traditional genre, with thousands of results on … Continued
Today, The Wisdomination proudly presents a guest writer – a friend of almost three decades, an accomplished nuclear physicist and, most recently, a programmer of industrial robots. All his experience with coding left him convinced there is no such thing. … Continued
In this series, we’ll look at the difference between investment and speculation, and investment and spending. Even if you’re not that much into finance, it’s wise to know the basics, not just to make sense of the world and feel … Continued