Today’s Apex won’t have a theme, it’s just a collection of posts I thought would make you think a little bit.
The last one is meant to make you think more than a little bit.
Let’s just jump into it:
The booming stock market shows America is diseased [The Week] – “The first thing to know about stocks is that a huge fraction of the population owns no stock at all, and only the rich own them in significant quantities. A Gallup poll found that 55 percent of people own any stock — a majority, but most of them own only small amounts. If we break the population into 10 groups (or deciles) based on how much stock they own, as Matt Bruenig does with the Survey of Consumer Finances of 2013, we find that the top decile accounts for 86.8 percent of all stocks. The next decile owns 9.5 percent, the third 2.8 percent, and the rest little or nothing.” I did not know the top 10% accounts for 86.8% ownership of all stocks. Wow.
7 Unexpected Habits Of A Frugal Millionaire [Debt-Free Doctor] – “When you hear about someone being a millionaire, you typically don’t picture them as being frugal. The phrase, “Frugal millionaire” is not something that typically goes together such as a peanut butter and jelly sandwich does.
But, if you’ve read books such as “The Millionaire Next Door” and Chris Hogan’s new book, “Everyday Millionaires,” you’d have a different outlook on how millionaires actually live.”
Who doesn’t like free?
11 Things You Are Paying For That You Can Get For FREE! [Budgets Made Easy] – College courses, sample products, books, furniture, shoes, and more. “I scoured the web to give you tips on how to get free stuff — no junk – only quality goods and services that you would gladly pay good money to receive.”
The last one I want to leave you with is actually a commencement speech by John C. Bogle (founder of Vanguard). He gave this speech to the MBA graduates of the McDonough School of Business at Georgetown University in May 2007 and it’s been reproduced on James Clear’s site.
“Enough” by John C. Bogle [JamesClear.com] – “Here’s how I recall the wonderful story that sets the theme for my remarks today: At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch 22 over its whole history. Heller responds, “Yes, but I have something he will never have . . . Enough.””
It’s worth taking note of.