Quotes of the Day

There are three general strategies for rebalancing: 1) By the calendar - e.g. once a year; 2) By thresholds - rebalance only when an asset class is off by an absolute 5% or a relative 2.5% (for asset classes with smaller targets like 10% allocation to emerging markets); 3) With cash flow - whenever you add new money or make withdrawals. If you're in the drawdown stage and no longer adding money to the portfolio, you can also rebalance with cash outflows. For example, if you're taking income from a RRIF in retirement, you'll be required to make prescribed withdrawals from the account each year. You can use this opportunity to rebalance the portfolio at the same time. [2021] - Dan Bortolotti

One simple but invaluable technique is to listen carefully to the words people use. People tend to use over and over key words that denote the values at the top of their hierarchy. [1989] - Anthony Robbins

The prime booking window for airline tickets is somewhere between 20 to 120 days, with the best rates occurring around the 80 to 90 days from the flight. Airbnb pricing has a similar dynamic when you optimize for temporarily during dates with unusually high travel demand, such as when your city has a special event that draws a sudden influx of travelers. Unlike the airline industry however, you won't typically see a large price hike for Airbnb bookings within the final 2 weeks prior to a special event. As the event approaches, you should reduce your pricing to ensure a booking rather than risk having an empty listing during an otherwise busy weekend. For pricing your Airbnb during special events, start high and then steadily reduce your pricing as the date of the event approaches. [2023] - Symon He

Just living alone, or feeling lonely, is linked to a much higher risk of mortality. While most issues around emotional health are not age dependent, this is the one emotional health "risk factor" that does seem to grow worse with increasing age. Surveys show that older Americans report spending more time alone every day-an average of about 7 hours daily, for those age 75-and are far more likely to live alone than people in middle age and younger. Feeling connected and having healthy relationships with others, and with oneself, is as imperative as maintaining efficient glucose metabolism or a optimal lipoprotein profile. [2023] - Peter Attia

A great ploy is going to places where men are supposed to be helpless and look helpless. If a chick doesn't take pity on you and offer her help, ask for it. In the supermarket (women love men who cook), you might ask her for example, "Uh, excuse me, do you know if this mango has to be cooked before eating?" In the laundromat (women also adore men who do their laundry), you might say, for example, "Gosh, do you think it's OK if I put this red T-shirt in with my white dress shirts?" [2006] - Leil Lowndes