career risk

1. 29 January 2021

   What your balance sheet omits [human capital]

   Your balance sheet shows assets you can sell and value easily. The most important thing it omits is human capital — your own ability to generate an income over the coming decades. For most households,…

2. 24 April 2020

   What are your shadow assets worth?

   A typical balance sheet misses something important. Most households have "shadow assets" — things that can't really be liquidated but have the potential to be valuable. Speculative investments, antici…

3. 29 October 2017

   How to get better-than-market returns

   For most people, I recommend low-cost, index-based funds — don't try to beat the market, just make sure the market doesn't beat you. But the honest answer is that you can get better-than-market return…

4. 17 August 2017

   Career risk and how to manage it

   Retirement is often a euphemism for being displaced from the workforce — and involuntary unemployment is one of the few things with an enduring negative impact on life satisfaction. Career risk is rea…