Weekend Reading:Sad People Overpay

  • Buffett's 3hr interview on CNBC. An excellent transcript to read though -- its lengthy though. Couple nuggets I picked out:
    Muni bonds. A college buddy of me recently emailed me about interest in municipal bonds. All I know is I don't know enough to invest in them yet. I do agree yield seem to have gone up recently on them.

    Buffett still think the US has put itself in a position for the dollar to continue to weaken over time. I recently wrote about my experiences in China and the only way I have hedged myself against this is by investing in international index funds/ETFs and buying large-cap international businesses.
  • ELYM has finally finished his lakehouse. He has found a way to build a vacation home - something that is on my mind on a regular basis. Its a dream of mine to one day own a mountain lake home to escape to. I have lots of ideas on how to make it happen, maybe build it myself, maybe start out with it being a rental property, maybe buying a fixer-upper. However my wife and I still need to find and settle down into our primary home before we start to make decisions on how we want to pursue this dream.
  • Sad People Overpay - I think the section in this article regarding sad people tend to overpay an interesting find.
    A new study finds that people who spend money while sad or self-absorbed unconsciously overpay....the gloomy bidders offered as much as 300 percent more...
    I guess I need to make sure I am really happy next time I go house or car shopping.

Related in General:

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When is a SmartPhone the Right Financial Decision? (May 14, 2012) I last purchased a typical cell phone back in October 2008 with a 2 year contract when we returned from China. My old cell phone broke while we were on assignment in China and I needed something once we...

Black Friday Shopping Highlights (Nov 27, 2011) I have little interest in going out and standing in long lines to pick up a few deals on Black Friday. However we did pick up a few deals over the weekend mostly online: $159 GE Front Loading Washer @...

Comments (1)

Thanks for the mention 2Million! I appreciate the comment too. That's a great idea. Now I just need to find the time to tally the rest of the costs up and then I'll post about the total cost!

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A personal finance weblog of my journey to reach my goal of $2 million + the value of my primary residence.
Current Net Worth: $1,938,393


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