Mental Model: Thoughts and Notes on Influence by Robert Cialdini

influence-by-robert-cialdiniThis is a really long read. I’ve basically taken all the quotes I found interesting from the book Influence by Robert Cialdini and just typed them out here, along with some of my own notes and commentary in bold italics. If you’ve never read the book, this is probably going to give an overview of what the book is about and its six main sections. I think this is a highly valuable book, with lots of insights on human psychology that is relevant whether you are operating in the markets or going to a party. Going through the book again and writing all of this helped further solidify my own takeaways from this amazing book.

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Summer 2016 Edition: The Time-Money Paradox, with Pictures!

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I seem to apologize around the same time every year about the awkward silence going on around here. Just like every other year, at the height of summer, there is just too much to do out in the real world beyond reading, analyzing, and regurgitating finance stuff online. As time wistfully passes by, I’m becoming more certain of that particularly tricky paradox where “time is more important than money… but money is important as well.” Trying to strike a balance between living life now and saving money for the future can be a tightrope that sways ominously in the wind. However, once you find your groove and your style, living life and saving for the future all seems to fall in place. It takes money to do stuff, but what’s the point of money if you have it and can’t do what you want? Heaven forbid I won’t be doing none of the stuff I did this August when I’m wearing incontinence skivvies and telling your kids to get off my lawn. Excuse my wandering thoughts. Like I said, it’s been awhile since I posted here. This is the warm up. Warm ups involving pretty pictures and some words.

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The DuPont Return on Equity Model: Boston Beer & Brown-Forman as Case Studies

The DuPont Return on Equity Model: Boston Beer & Brown-Forman as Case Studies

The financial ratios that make up the Return on Equity (ROE), Return on Assets (ROA), and Return on Invested Capital (ROIC) have been on my mind lately. Today I wanted to touch on Return on Equity. The DuPont return on Equity Model breaks down the components that drive profitability in a businesses. Let’s take a closer look at two businesses that generate fantastic Returns on Equity to see what makes them tick.

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Random Musings on Wage Stagnation, Inflation, and Vancouver Housing

Random Musings on Wage Stagnation, Inflation, and Vancouver Housing

I was looking at the hourly wages at my job back in 1992 in an old contract. When you adjust the hourly wage to 2016 dollars, there has literally been no real – i.e. inflation adjusted – growth in the hourly wage for over 24 years. What you could buy with an hours’ worth of work back in 1992 buys you the same amount of goods with 2016 dollars. Or put another way…

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