I Flirted With Complexity. Here’s What She Taught Me

crispydoc Uncategorized 6 Comments

It was late at night when the bartender called last round. She was wearing a sophisticated little black dress, seated alone at a small table, when our eyes met across the room. Full of liquid courage, I made my way over, asked what she was drinking, and ordered two. I’d heard rumors about her before in the books I was …

Is The Financial Independence Movement A Triple Package Group?

crispydoc Uncategorized 5 Comments

I recently spent a weekend visiting my parents, and as other compulsive readers may relate to, I found myself sifting through their bookshelves in search of brain fodder. I became intrigued by the book, The Triple Package: How Three Unlikely Traits Explain The Rise And Fall Of Cultural Groups In America. The authors were Yale Law professors Amy Chua (who …

Armor Or Agility?

crispydoc Uncategorized 10 Comments

We recently hosted a friend of decades who had a fly-by-night trip through town. We collect weird friends like elderly mid-western matrons collect Hummel Figurines. We regard this label as high praise. One of the blessings of time is a loss of inhibition. This can be awkward, as in the dementia patient who grabs at anatomy he or she should …

Aspirations And Exasperations, Then And Now

crispydoc Uncategorized 14 Comments

Middle age shifts your perspective and broadens your frame of reference. Time has helped me accumulate multiple examples that demonstrate the evolution of both aspirations and exasperations. Then: Stasis is death. Seek novelty in every experience. Always keep moving. Now: Repetition creates opportunity for eventual mastery. Ritual lends comfort. Routine is a blessing. Roots form only when a seed stays …

Naive Diversification, Robo Advisors, And Splitting The Baby In Half

crispydoc Uncategorized 8 Comments

I recently listened to the always engaging Jonathan Clements being interviewed on the White Coat Investor podcast, during which he explained a neologism I’d not heard before to refer to a type of rookie mistake I recognized for having committed it: naive diversification. As a quick review, diversification is a means of reducing portfolio risk. I own exclusively Apple stock …

Financial Intermittent Fasting (Guest Riposte by Gasem)

crispydoc Uncategorized 10 Comments

If you’ve read this or any other physician finance blog, odds are you’ve come encountered Gasem. He is a retired anesthesiologist, a prolific writer with guest posts spanning the blogosphere, and his ubiquity and depth as a commentator has few rivals. One of the great pleasures of blogging is connecting with peersĀ  and mentors and following ideas that germinate from …

Someday We’ll All Be Widows And Orphans

crispydoc Uncategorized 6 Comments

Memorial Day weekend means many things to me. It’s a chance to remember and honor men and women who gave their lives to protect our freedoms. It’s a chance to gather with family. It’s the unofficial start of summer and winding down of the school year. It’s also the weekend when many towns plan their most popular local events. My …