Age Isn’t Important, Words AreIf you confuse what is a commodity versus what is a specialty, you are almost certain to lose, at some point. The questions at that point will be: when, and how much? Even people with practical experience get this wrong. The issue is that...
SpecialtyA specialty is something where substitutes cannot be easily found, at a given price.For me, those specialties are, in part:Early retirement made possible because married couple in Florida has the resources to withdraw from post-tax funds, and simultaneously...
Jae’s Manifesto Rule #3: Don’t Confuse Commodity With SpecialtyThe reality is that I spend most of my time thinking: “how can I explain it so that a common-sense person can understand it?” The problem I have created for myself is that people take away the idea that...