What You’ll Wish You’d Known [Paul Graham] – “I’ll start by telling you something you don’t have to know in high school: what you want to do with your life. People are always asking you this, so you think you’re supposed to have an answer. But adults ask this mainly as a conversation starter. They want to know what sort of person you are, and this question is just to get you talking. They ask it the way you might poke a hermit crab in a tide pool, to see what it does.”
We do not know which events will make history [Klement on Investing] – “Similarly, I dare say that the events of 2022 will largely be forgotten in the future. We may think that this year has brought with it the re-emergence of high inflation, but I am not so sure about that. We may think that we may have seen a major war in Europe, but I am not so sure anyone will remember this event in a couple of decades from now.”
Maximize Your Savings: Top Savings Rates ‘Soar’ Past 4.00% [The College Investor] – “The FDIC reports that the average savings interest rate nationwide is 0.24% APY (annual percentage yield), which is up 4x from a year ago (when it was just 0.06%). However, the best savings account rates and money market account rates are all at 4.00% or higher.” Interest rates are high right now, which is bad for borrowers but great for savers!
Have a great weekend!