I left school at 18, and in the absence of any grander plans, took a gap year to play cricket and earn some dosh, taking a job in the local timber factory to earn £4 per hour, or a full-time salary of £8,000 a year. By working the full allocation… full article

Majoring in minor decisions I can remember when I was at University agonising over which modules to study, even though the end result would've almost certainly been the same for my degree. Looking back, zeroing in such details missed some potentially far more important questions about making the best use… full article

Charles Munger (1924-2023) The world lost an icon this week, as Charlie Munger of Berkshire Hathaway sadly passed at the age of 99. As recently as last month he revealed a few unexpected insights with Becky Quick of CNBC... On health... Munger quickly realised at a young age that smoking… full article

Life memberships About 15 years ago, I all but spat out my coffee when my wife mentioned in passing that she'd bought us a joint life membership for the UK National Trust at a cost of £1,380 (we subsequently also joined English Heritage on pretty similar terms). Personally, I felt… full article

Elite school fees Each year, our kids are inching closer to high school age, bringing "that conversation" inexorably closer...private schooling. I didn't go to a private school (nor did my wife, for that matter), so I've generally leaned against the idea, though I can also see that in many cases… full article

From shortage to surplus A true story. I might've previously mentioned in my predilection for Guinness as a youth and young man. Once a year, me, my many brothers (Catholic family), my then business partner Paddy Allen, and a range of related associates used to get back together for Xmas… full article

Lockdown exodus Through 2021 there was a mass exodus from America's major Democrat stronghold states, including California (-367, 299), New York (-352,185), and Illinois (-122,460), as well as from Massachusetts, New Jersey, and others. According to U.S. Census Bureau estimates, the district population of Washington D.C. declined by -2.9 per… full article

The divine right of kings The majestic ancient pyramids were built to allow kings a divine voyage to the heavens, to make their transition to the afterlife as smooth as possible. It wasn't only in ancient Egypt that civilisations sought to build as close to the heavens they could -… full article

Tales of the South Seas In the South Sea mania of the early 1700s the public was encouraged to buy stock in a venture at prices far beyond what the profits of the business could ever justify, while a raft of 'bubble companies' sprung up around the South Sea Company… full article

Scratching the itch Never in my whole life did I think I'd do as many Zoom/Skype/Teams calls as I have over the past year. They've generally worked pretty well, though I sometimes find myself fighting an irresistible urge to do other things at the same time (clearing emails, reading finance… full article