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Rule #4 Buy the Business, Not the Stock Price!
Hello Luca, hello Laura. Today I want to talk to you about the stock market and how you can invest in it. The stock market was something of a mystery to me for a long time, and by a long time I mean most of my adult life. In high school I had an economics class. I still remember today how the teacher tried to explain to us the concept of buying and selling stocks. Her explanation was the following: "A contract made between two individuals or two companies that commit to tradi


Rule #1 – Know What You Need and When Enough Is Enough
Good morning, Internet! This morning, I woke up thinking about my children again. I wonder what they'll be like as teenagers and later as young adults, and about all the financial decisions they'll make along the way. Laura is currently at that stage where she'd love to own every toy on the planet, even though having them wouldn't improve her quality of life in any meaningful way. Luca has a much simpler decision to make: right boob or left boob? I wonder who their financial


#3 Don't Work for Money — Work for Assets!
Hi, my dears. How was your day? What adventures did you get up to today? I'm curious what season it is outside when you'll read these lines. Right now, here in Colmar, it's summer, early August, with temperatures around 30 degrees. In a few days you'll both get to enjoy the sandy beach in Spain, and Laura, you'll finally be able to get into the pool you've missed so much. Luca, you're still little, you still need some time before you can go in the water. Today, my dears, I wa


#2 Laura & Luca - Money
Hi there, my loves, how are you doing? I hope this post finds you well in the future. I'm curious what age you'll be when you read it. Today I want to talk to you about money. And no, this isn't a conversation about how much money we're leaving you as inheritance, but about the very notion of money. You see, your mother and I were born in Romania, to parents who were never encouraged to understand the world around them. In a communist state, that was simply normal. I don't th
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