Madrid With Kids

crispydoc Uncategorized 4 Comments

We’re baa-aack! This summer’s big trip (vacation is a term my wife and I reserve for travel without children; trip refers to travel with children) was to Spain. I thought it might be worthwhile to share the tips and tricks that made this one wonderful, as well as the fails that we’ll learn from going forward. We had just under …

What I Do About Orphans

crispydoc Uncategorized 2 Comments

A newbie undergoing his inaugural financial literacy conversion experience is disheartened a few years out of residency. His taxable account reads like a sloppy record of investing mistakes, littered with individual stocks and actively managed, high expense ratio funds. Like many of us, he made his share of mistakes trying to beat the market before realizing that high active management …

Deferred Maintenance

crispydoc Uncategorized 7 Comments

Maintenance is a requirement and not a luxury by definition. Proper maintenance reduces the rate of depreciation of an asset like real estate by slowing the approach of entropy. Dilapidation is delayed if undeterred. Increasing control over my time has better enabled me to address the long-deferred maintenance of my health in a number of ways. I am not making …

Malpractice Experience And Lessons Learned

crispydoc Uncategorized 6 Comments

A reader, Carla, inquired if I might provide some closure to the malpractice lawsuit I’ve referred to previously (see here and here for the original posts). In addition to wanting to know the ending, there’s value in reflecting on where I am now, where I was then, and how I bridged the gap. The case dragged on for several years. …

What Might Have Been Is An Essential Component Of Misery

crispydoc Uncategorized 6 Comments

The title of the post comes from correspondence from Danny Kahneman to Amos Tversky regarding insights into irrational human decision-making processes. It was during their collaboration in elucidating the concept of loss aversion. Regret minimization is a related but distinct concept. Given dual-choice gambles where a rational actor should choose the option with greater statistical odds of benefit according to …

What Behavioral Economics Taught Me About Watching The News

crispydoc Uncategorized 3 Comments

At the time of writing, I’m deep into Michael Lewis’ latest book, The Undoing Project. It’s a profile of the unlikely friendship and rich academic collaboration between two psychologists, Daniel Kahneman and Amos Tversky, whose interest in the systematic flaws of human decision-making gave rise to the field of behavioral economics. A result cited from their studies felt particularly relevant …

Risk Tolerance As A Form Of Sacred Fear

crispydoc Uncategorized 7 Comments

I heard a sermon last weekend based on the concept of sacred fear, explained through the analogy of standing at the edge of the Grand Canyon as a simultaneously beautiful and terrifying experience. On the one hand, you are filled with a sense of the sublime in tandem with a rare perspective of your insignificance in the greater world. At …

De-Risking The Portfolio

crispydoc Uncategorized 7 Comments

Me: “I’m so relieved you came straight to the Emergency Department.” Patient: “I’ll take lucky over smart any day, Doc!” This comment came from a patient with a long and checkered cardiac history who walked into a smaller local ED complaining of chest pain, only to experience a witnessed cardiac arrest from a typically lethal arrhythmia (ventricular fibrillation). The emergency …