Friday, August 23, 2013

Investing Philosophy from "The Hobbit"

An interesting book on investing philosophy that I read recently was The Hobbit by JRR Tolkein.  It's an epic allegory for focusing on your potential human capital and taking a "Rule Breaker" approach to your retirement planning.

Rather than spending your days sitting in your little hole in the ground over-analyzing things, investors should set out with a company of dwarves and a wizard to focus their investing energy on liberating ancient dwarven treasure from an evil dragon's lair in a far away land.  Obviously, you'll have an opportunity for huge wealth accumulation -- and as far as I can tell from the book, untaxed wealth!  But don't overlook other smaller benefits like meeting powerful elves who can help you with retirement living arrangements later in life, conquering your fear of spiders, and possibly even picking up some fancy jewelry along the way.