“Where did your mother go into labor?”
That is how Pete Sisco, an internet business owner and long-time nomad, greeted Henderson on a Skype call from Hanoi. It was his little libertarian calling card. A cheeky way to remind people that their entire identity, taxes, passport privileges, and life trajectory got decided by one random event. Where your mom happened to be when you showed up.
Picture this. A 30-year-old guy from Massachusetts moves to Chicago with no connections and no fortune. Within a few decades, he becomes the most feared trader on the floor of the Chicago Board of Trade. They called him “Old Hutch.” And he figured out how to squeeze money from wheat like nobody had done before.
Picture this. A 30-year-old guy from Massachusetts moves to Chicago with no connections and no fortune. Within a few decades, he becomes the most feared trader on the floor of the Chicago Board of Trade. They called him “Old Hutch.” And he figured out how to squeeze money from wheat like nobody had done before.
Here is a question that sounds simple but trips up most people: how do you know if a company with $175 billion in debt is in trouble? The answer might surprise you. This is post 6 in my 12-Week MBA retelling series.
So you read the five rules of the Slow-Carb Diet. Simple enough. But now you’re a week in and you have questions. Why am I starving at 3pm? Can I eat cheese? What the hell do I order at a restaurant?
So you read the five rules of the Slow-Carb Diet. Simple enough. But now you’re a week in and you have questions. Why am I starving at 3pm? Can I eat cheese? What the hell do I order at a restaurant?
You know what is funny about the California Gold Rush? The guy who found the gold died broke. The guy who sold shovels became rich. If that does not tell you everything about how money works, I do not know what does.
You know what is funny about the California Gold Rush? The guy who found the gold died broke. The guy who sold shovels became rich. If that does not tell you everything about how money works, I do not know what does.
In Part 1 we covered why people consider renouncing US citizenship. The reasons range from philosophical identity issues to brutal financial realities like $330,000 annual tax bills. Now Henderson walks us through how renunciation actually works, what it costs, and what life looks like on the other side.
Here is something that surprised me in this book. You can actually create value without making a single extra dollar. How? By making your business more predictable. Chapter 4 explains why, and it changed how I think about risk.