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Cake day: June 15th, 2023

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  • The ‘dollar cost averaging’ narrative started as a response to people who wanted to hoard a portion of their monthly paycheck waiting for a good time/correction to buy into the market. It’s essentially a corollary of ‘time in market beats timing market,’ and both could be stated as ‘invest it all, right now.’ Especially if your horizon is 10+ years out: a few percentage points today is nothing to the doubling you can expect in a decade.



  • Elon Musk & Sergei Brin are Gen X, but Bezos, Gates, Tim Berners-Lee, Steve Wozniak, and most of the people who built the technology GenX grew up with are Boomers. Zuck is a Millenial, but just barely. You could make a decent start of life as GenX knowing nothing about the technology, but they were still young enough to learn new developments easily.