The Sunday Drive - 05/21/2023 Edition
Musings and Meanderings of a Financial Provocateur
👋🏼 Hello friends,
Greetings from Villanova University!
Our youngest child, aka “the boy”, graduated from Villanova University this weekend, so my wife and I finally have exactly ZERO children in college. 🎉🍾🎊
Now, let's take it easy and enjoy a leisurely Sunday Drive around the internet.
Vibin'
In celebration of our son’s college graduation and given our excitement to see where his post-college road might lead, this week I’m vibin’ to Go Your Own Way from Fleetwood Mac’s 1977 album, Rumours.
💭 Quote of the Week
“Don’t cry because it’s over. Smile because it happened.”
- Dr. Seuss
📈 Chart of the Week
When pondering the potential impact of Artificial Intelligence (“AI”) and the human facing necessities of various industries and lines of work, it’s interesting to contemplate how the value of our collective human capital might be re-allocated over the coming years.
Might a bar tender earn more than a computer programmer in the future? Worth giving some thought to, for sure. 🤔
🚙 Interesting Drive-By's
🤔 The Spectrum of Financial Dependence and Independence - from Morgan Housel
“I did not intend to get rich. I just wanted to get independent.” – Charlie Munger
📈 How Scalable is Your Job? - from Dror Poleg
Whatever job you're in, technology can multiply your productivity, reach, and rewards. Here's a simple formula to help you get started.
🤓 Meet Your New Finance Intern: GPT-4 - from Evan Armstrong
The finance intern—a tale as old as time. They work 100 hours a week, snort Adderall in the bathroom, and wear boat shoes in December. For this, they demand $160K a year. Now there is a new breed of intern that'll get you the numbers you need without the snarky attitude.
💰 Game of Chicken - from Blair duQuesnay
The debt ceiling debate is about to take over the news cycle. House Republicans are dug in and demanding spending cuts in exchange for raising the debt limit. President Biden is adamant that the debate about spending cannot be tied to a debt ceiling increase. And Treasury Secretary Janet Yellen has warned that the country will not have enough cash to pay the bills as early as June 1, in less than two weeks.
🙌🏼 102 Year Old Doctor Shares Her Tips for a Happy Long Life - from A. Pawlowski
Dr. Gladys McGarey defines young people as anyone under 99.
At 102, she’s a little bit older but is still working as a consulting doctor, exercising daily and living mostly independently at her home in Scottsdale, Arizona.
👋🏼 Parting Thought
If you have any cool articles or ideas that might be interesting for future Sunday Drive-by's, please send them along or tweet 'em at me.
I hope you have a relaxing weekend and a great week ahead. See you next Sunday...
Your faithful financial provocateur,
-Mike
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