Blog
Professional athletes require unique financial planning due to the amount of compensation and timing of the earning career. Athletes, with their families, should create a financial plan that spans the playing career, transition to post-play career and long-term life goals.
Information for educational purposes only.
“What is it you think you have that’s made you successful?” (Minute 10:00)
Andy Grove, "Only the Paranoid Survive" https://t.co/jQGPpVdXlv via @charlieroseshow
— Li Chang, CFP® (@LiChang8) May 28, 2018
Race to the South Pole (1911): Roald Amundsen v. Robert Falcon Scott (Minute 7:10)
Jim Collins, "Great by Choice" | https://t.co/CwZ5IPoOuq via @charlieroseshow
— Li Chang, CFP® (@LiChang8) May 28, 2018
“It requires insulating yourself from popular opinion.” Warren Buffett
Buffett on the qualities needed to be a great investor https://t.co/hu19V2mu8i
— Li Chang, CFP® (@LiChang8) May 27, 2018
Circle of Competence: Buffett and Munger
How to know when you're in your "circle of competence" https://t.co/14UXkl6lc1
— Li Chang, CFP® (@LiChang8) May 27, 2018
On Competitive Advantage: Warren Buffett
How Buffett decides it’s a time to sell a stock https://t.co/uWfoTWZIdg
— Li Chang, CFP® (@LiChang8) May 27, 2018
“Everytime you appoint a new person that’s never had big capital allocation experience it’s like rolling the dice. We are way better off having done it for so long. The decisions blend. The one feature that comes through is the continuous learning.” Charlie Munger
An excellent read is the The Tao of Charlie Munger, by David Clark, which is a compilation of quotes by Mr. Munger. The title is available on Audible.com.
Munger: "A life properly lived is just learn, learn, learn" https://t.co/N3sOeXM14Z
— Li Chang, CFP® (@LiChang8) May 27, 2018
“The decisions blend. The one feature that comes through is the continuous learning.” Charlie Munger
Munger: "A life properly lived is just learn, learn, learn" https://t.co/N3sOeXM14Z
— Li Chang, CFP® (@LiChang8) May 27, 2018
“You guys, got to be ready. I mean like I said, I don’t care if you get slapped in the face, clawed in the eye. You got to remember, hey, I am not going to try it next year. This is the one you have to get after.” Dan Gable
Was Dan Gable talking about having fun in 1981?
Dan Gable pep talk to team before NCAA finals 1981.wmv https://t.co/3ZmPCHMJdo via @YouTube
— Dan Gable Museum (@wrestlingmuseum) March 23, 2018
“But you wrestle harder because of it, then you have a very good chance.” Dan Gable
Dan Gable on respecting your opponent. pic.twitter.com/V0ptfnTvqj
— Dan Gable Museum (@wrestlingmuseum) March 6, 2018
On Ego and Cultivating Quality: Josh Waitzkin
Mr. Waitzkin’s book, The Art of Learning: An Inner Journey to Optimal Performance, is on my top five book list. Available on Audible.com.
“What is the one psychological test that correlates with success in life?” The Marshmallow Test with Dr. Michio Kaku
Market, Industry, Company.
In 1996 Warren Buffett shared what he looks for when he reads annual reports. Dig deeper into the mind of the Oracle of Omaha in the Warren Buffett Archive. #AllThingsBuffett https://t.co/zHlyGB66PF pic.twitter.com/GzhIpX4xzy
— CNBC (@CNBC) May 8, 2018
On Choosing Managers: Warren Buffett (1994)
Warren Buffett on how he chooses managers, the danger of derivatives and more highlights from the 1994 Berkshire Hathaway annual shareholders meeting. See highlights from the past 24 years of meetings here: https://t.co/zHlyGBnIef #AllThingsBuffett pic.twitter.com/PVEK7w5rbh
— CNBC (@CNBC) May 5, 2018
“You’ll never outperform your inner circle.” Coach John Wooden
It was my honor to know Coach. Of all the wisdom he shared with me, this piece of advice changed my life. It will change your life too. https://t.co/eGVBC6lwv5
— Don Yaeger (@DonYaeger) May 2, 2018
On Business Moats: Warren Buffett (1999)
"We recognize, that the internet, in many forms of retailing, is likely to pose such a threat, that we simply wouldn't want to get into the business," See Warren Buffett's predictions through the years: https://t.co/zHlyGBnIef #AllThingsBuffett pic.twitter.com/QRwOtI3oB3
— CNBC (@CNBC) May 20, 2018
How Do Cyclists Fuel?
On Building Teams: Steve Jobs
Fears can be false constructs. What you want maybe on the other side of fear.
We asked @omaze CEO @mattpohlson what his best entrepreneur advice is in 60 seconds or less pic.twitter.com/wQuElq06zh
— NYSE ? We Are Living Tech (@NYSE) May 16, 2018
“Train low, compete high.”
With scrambled eggs you have to regulate the heat. Fold in some shredded Parmesan cheese for extra yum.
How to perfectly scramble eggs, according to a #TopChef judge pic.twitter.com/WQBuohBK8Z
— Business Insider (@businessinsider) May 16, 2018