Should I Be Investing In Airlines?

You’ve probably heard that joke about airlines before: “How does one become a millionaire? You start out a billionaire, and then buy an airline.” This kind of humour was well deserved given airlines’ tragic history — constantly in bankruptcy and frequently losing money for investors.

That joke used to be all the advice an investor needed to know about airlines…until recently.

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Who Wants Free Entertainment?

“All work and no play makes Jack a dull boy.” Truer words were never spoken. Maybe Jack should have tried financial independence or early retirement (FIRE).

That quote (of course) is from The Shining, a Stanley Kubrick classic. If you haven’t seen the movie, I highly suggest you put it on your “to watch” list.

Jack has a point — Without entertainment and socialization, humans can get a little nutty…

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Always Be Making Mistakes

Have you ever had one of those days when you feel like a giant failure? At times, life seems to be a giant pile of mistakes…one piled on top of another.

Today’s post is brought to you (in part) because of a mistake. Last week, my son came home from daycare with a serious look on his face. Normally he’s a happy goofy guy, but something was on his mind that day…

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Fixing Broken Stuff: Microswitches

Normally when electronic stuff breaks in our modern world, we simply throw it out and buy a new one. For most people, the idea of repairing electronics has gone the way of the dodo. Like the helpless consumers we are, we pony-up our money and buy new.

Electronics are cheap and plentiful (thanks to the China), and replacements are just a few clicks away. But I have one GIANT gripe with this situation — The quality of electronics goods has seriously declined over the past few decades, and most products are NOT repairable.

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The Weighing Machine

Besides being the father of value investing, Ben Graham is famous for creating a great number of powerful investing ideas. His tale of a deranged business partner named Mr. Market is a fantastic story frequently used to teach new investors about markets.

I’m a big fan of Graham, and I own several of his books. You’ll find his book “The Intelligent Investor” over on my book recommendations page. When it comes to investing, I believe Graham’s ideas really are that important.

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