The rich and poor in 2 charts

The US Federal Reserve publishes a quarterly report called a “Distributional Financial Account” summary which at its core shows how assets (equities, real estate, consumer goods which appreciate and value, pensions) and liabilities (consumer debt, mortgages, etc) are distributed by demographic attributes like…


John’s Reading List

My reading collection is really a reflection of my limited attention span and how I jump from topic to topic over the course of a few months: from utlra running to veganism to investing to military thrillers, and everything in between. …


So I recently got into a long winded debate about the merits (or lack thereof) of Index Universal Life Insurance, “IULs” for short. This debate involved myself against 3 life insurance agents who were pitching IULs to a larger audience. It was quite entertaining (for me anyway).

Their pitch on…


I was having a conversation with a colleague who has decided to tip toe into the field of day trading penny stocks. We can collectively agree this has substantial risk, but how? His play was $MITO “Stealth BioTherapeutics Corporation”. Note that I have no position in this, long or short…


So I was listening to an interview with Howard Marks & Joel Greenblatt, called “Is It Different This Time?” and one of Joel’s talking points about the euphoria we’ve reached in the stock markets is that:

  • He took the 100 least profitable companies in 2019 (pre-covid)
  • As of early 2021…


“I used to care what people thought about me until I tried to pay my bills with their opinions” — Unknown

It has been 90 days. No, i’m not talking about sobriety, the elimination of junk food, or how many days in a row i’ve meditated (all pretty cool goals)…


“Pay off your debt first. Freedom from debt is worth more than any amount you can earn” — Mark Cuban

July 18th, 2020, 8am pacific standard time. I no longer work at an office, my commute has been reduced from a 1 hour CalTrain ride to a 30 second walk…


I recently saw an ad by Bank of America where their CEO Brian Moynihan made the following statement:

”We are focusing our resources on the number one priority — looking after people”.

This statement made me cringe and ultimately serves as the basis for this article. …


March 25th 2020, the United States Congress passed the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act”. It was a $2.2 trillion dollar tax pay funded bail out as a result of a stalled economy from shelter in place orders at the national, state and local level…


“The best time to start was yesterday, the next best time is now”

Repeat after me, “It is not too late to start blogging…it is not too late to start blogging”.

Ok I get it — blogging is sexy and it’s an awesome side hustle. The idea of having people…

John Cook

A streaming thought of consciousness. Live from San Francisco, CA. All views are my own.

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