Why I like Warren Buffett.

He understands that Americans will root for rich men only as long as rich men seem to have a rooting interest in America.

Warren Buffett: Stop Coddling the Super-Rich.

When Anne Hathaway is in the news, Warren Buffett’s Berkshire-Hathaway stock price increases.

More financial trading irresponsibility?

By 10am it emerged that Mr Perkins had single-handedly moved the global price of oil to an eight-month high during a “drunken blackout”.

The most innovative product for a financial firm is one that always has volume and, sometimes, always has volatility. Many investors would prefer neither, they would prefer their investments boring. So there’s a clash here.

Similar sentiments were what I gathered from my reading of The Big Short by Michael Lewis. While there was a lot of common sense ignored in some of the large investment firms, it seems that the more transactions you can skim fees off of the better (if you’re a banker) and little thought was placed on the outcome or the quality of investment vehicle.

To me, I take the Warren Buffett philosophy on investing when I think of finance; it should be boring.

Eating Well (healthy) on $1 a Day really is possible. If you’re interested in lowering your grocery bills I’d recommending reading through this 30-day experiment. All it takes is a little bit of planning, some coupons and smart use of coupon overages.

I’ve tried to do this sort of thing once before and frankly I don’t think I’m smart enough to do it. But, I’m inspired again and will put some of these practices to use. Maybe I’ll even report back with my results…

As I’m reading The Big Short by Michael Lewis, my mind can’t help but wander to his other book on the financial world, Liar’s Poker. This morning I was thinking about Dr. Mike Burry and I remembered reading this update on Liar’s Poker and thought it was worth mentioning.

Two alternative routes to banking have passed by my radar: BankSimple (no confusing products or hidden fees) and On Deck Capital (small business loans based on cash flow with no loan officer). On Deck Capital has been around for a couple years (I’ve had the site bookmarked for 2+ years) and BankSimple is soon to launch. It’s interesting to see these new players in the money world. I hope they both are successful as I think we need a swift kick in the pants with how we manage money.

One other “money” product to consider is Square, the mobile phone add-on device that allows anyone to take credit card payments on their phone. What’s interesting about Square and BankSimple is that both are founded by early Twitter employees.

David Swensen was pretty revolutionary in his methods for investing the Yale Endowment fund (it’s worth noting this great Fortune article on the Harvard/Yale Investment rivalry), earning higher returns than the S&P. Recently his portfolio, like many others, has taken a hit. I think it’s too quick to judge his philosophy and whether it works. Personally, I think it will/does as his approach makes sense.

Read Pioneering Portfolio Management and you see very quickly that his approach calls for constant thinking and retesting of assumptions and changing of allocations

Actually, shouldn’t our approach to life follow this theory?

I bought the wrong damn stock(s) right out of college (2001). AAPL would have brought some pretty sweet returns.