There are two types of people in life, radiators and drains. When you are around "radiators," you feel energized, positive, and encouraged. They radiate good energy. But when you are in the company of "drains," well, you feel drained. Your energy is sapped. You feel depleted.
It has always amazed me when I meet people who have not left their home countries, let alone traveled overseas. Why is that? Why are some people driven to explore the world, while others are content with their lot at home? It turns out wanderlust may be in our genes.
Take time to pause this weekend, even if it's to read an article or two you didn't get around to earlier in the week, or to carve out some time to just "be" and not "do."
This week's round-up of interesting papers, articles, tweets, and blog posts covering economics, investor behavior, retirement, and more.
Charlie Munger once said: "In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none. Zero. You’d be amazed at how much Warren reads — and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”
This week’s roundup of interesting bits of news and analysis comes to you via Hong Kong, where all eyes (and ears) were on the opening of China’s annual session of parliament. One of the top stories to emerge was… READ MORE ›
I was in Garden Grove, California, this week for CFA Institute's Wealth Management 2014 conference. There were many great presentations, but one loomed large for me: the session on elder care planning. At the outset, we polled delegates on the percentage of their clients that have a plan in place for long-term care costs. Fifty-five percent said "less than 25%." That's a very worrisome — although not altogether surprising — result when you consider that at least 70 percent of people over 65 will need long-term care services and the fact that most people don't realize Medicaid does not cover long-term care expenses.
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