All the Financial Advice You’ll Ever Need (Notecard Edition)

“There seems to be some perverse human characteristic that likes to make easy things difficult.” – Warren Buffett


This notecard comes from Harold Pollack, a professor at the University of Chicago. It was posted on Twitter (via @m_sendhil) a few weeks ago. I love the idea of being able to distill as much financial knowledge as you can on a single notecard.

I believe that any good investor should be able to describe their investment philosophy in 30 seconds or less, so being able put down your entire financial game plan on one notecard is a reasonable goal.

Here is my all of the common sense financial advice you’ll ever need…on one notecard:


Feel free to share all the financial advice you could fit on a notecard in the comments below if you have anything to add to either of the ones shared here.

Further Reading:
Your financial life on an index card (Behavior Gap)

I wrote a post for Dividend Ninja this week on real estate.  Please give it a read: Are REITs a buy?

And here’s the best of what I’ve been reading this week:

  • How the average home has changed in the last 40 years (Motley Fool)
  • Tons of hard hitting trivia on Top Gun (AMC)
  • How people spent their money in 2012 (Atlantic)
  • People make the same investment decisions as monkeys (Quartz)
  • I went to cash because (blank) (Reformed Broker)
  • What’s up with bond returns? (Your Wealth Effect)
  • Beating the market has become nearly impossible (Institutional Investor)
  • Couldn’t make this one up: ‘Wrecking Ball’ art piece moved because people are riding it like Miley Cyrus (Wood TV)
  • Man starts buying Berkshire Hathaway shares in 1980, now a billionaire (Yahoo! Finance)
  • 22 things you’re doing wrong (Buzzfeed)
  • How the NFL fleeces taxpayers (Atlantic)
  • 27 sketches to teach you everything you need to know about your finances (Business Insider)
  • Investment noise and how to deal with it (Rick Ferri)


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web