I first heard the fable of the Mexican Fisherman on the Tim Ferris Show (which he quotes from The Four Hour Workweek) and I have heard it referenced several times since. It is typically used as a warning against focusing too much on money. Focusing too much on money destroys people, but the premise itself […]
Basic Investing: Risk and Return
In a previous blog, we covered different types of investments, but this time let’s talk about Risk versus Return. Risk is the range of uncertainty of gain for an investment combined the likely percentage of the investment you could lose should the investment go bad. Return is the amount of gain one receives for their […]