Quotes of the Day

Most businesses must use the accrual method of accounting. Income is reported when "earned" (rather than received), and expenses are deducted as they're "incurred" (rather than actually paid). [2020] - Evelyn Jacks

DBT (dialectical behavior therapy) consists of four pillars joined by one overarching theme. The overarching theme is mindfulness, which gives you the ability to work through the other four: emotional regulation (getting control over our emotions), distress tolerance (our ability to handle emotional stressors), interpersonal effectiveness (how well we make our needs and feelings known to others), and self-management (taking care of ourselves, beginning with basic tasks like getting up in time to go to work or school).  [2023] - Peter Attia

Beacon Score: Credit scores range from 400 to 850; The average consumer has a score of 700; First-rate bankers want a score of at least 640; Second-level bankers want a minimum score of 600 or higher. The number of inquiries on your file can negatively impact your score. Unsophisticated investors who shop loans to many institutions, or apply for a bunch of credit cards as a way to invest in real estate, will have lower scores. [2009] - Don R. Campbell

Your saliva contains DNA, and you can send it away to test for risk markers of cancers, Parkinson’s disease, late-onset Alzheimer’s disease, celiac disease, and rare disorders (hereditary thrombophilia, hereditary hemochromatosis, glucose-6-phosphate dehydrogenase deficiency, Gaucher’s disease type 1, Factor XI deficiency, early-onset primary dystonia, and alpha-1-antitrysin deficiency). While only 5–10% of cancers are hereditary in nature, they can be identified through genetic testing. These are breast (female and male), colorectal, melanoma, ovarian, pancreatic, prostate, stomach, and uterine. The risk for some heart conditions can also be detected through DNA tests. Familial hypercholesterolemia, arteriopathies, arrhythmias, and cardiomyopathies are all detectable. [2019] - William W Li

Chasing a breakout is not a great idea. For every successful breakout, there’s a false breakout. Staying solvent means protecting yourself from false breakouts. The best way to do that is to buy at the breakout point and set a stop-loss to make sure if the price falls much below the breakout point, you get out with no more than a small loss. A good rule of thumb many professional traders use is to only buy within 5% of the breakout point. If the price has risen further than that by the time I’m at my trading screen, then I usually disregard the breakout and wait for the next opportunity. [2019] - Glen Goodman