…Financial fools

9th August 2023. The financial illiteracy of our youth is appalling. An indictment of an education system with priorities in the wrong direction. Any kid leaving high school without a knowledge of basic accounting, investment, tax etc are setting themselves up for failure. ‘ Debt is one person’s liability, but another person’s asset’.

…Little Interest

8th April 2023. Quite a few years of observing financial markets has indicated to me that you can have either reasonably high interest rates about 6% or you can have inflation. To those living in a fools paradise of low interest rates in recent years and making long term investment decisions based on low rates, I have little sympathy. ‘The only difference between a rich person and a poor person is how they use their time‘