Posts filed under “Philosophy”

What You Learn When You’re 60

Death is not distant, it’s inevitable, and ever-closer.

No one knows anything. Confidence is a front. Everybody is insecure.

No one cares about your SAT scores unless they aced the test.

We’re all lonely looking to be connected.

You’ll regret choices earlier in your life, but you’ll accept them.

You’ll want the decade back when you were lost and drifting.

You’re never going to recover from some physical ills, aches and pains are part of the process of dying, and that’s what you’re doing, every day.

Women inject their lips to look good to other women, the same way they buy and wear trendy outfits and shoes. Men just want someone who will listen to them, soothe them and have sex with them.

Your parents said television was the idiot box, and you feel guilty every time you watch for hours, but you’re addicted.

Being good-looking is overrated. Sure, it opens some doors, but it stunts you in other ways. Character is built by challenges, if you avoid them, you’re at a loss.

Having friends is better than having money.

If you were never on the path to riches, you will never be rich.

Doors are closing every day. If there’s something you want to do, start now.

Acceptance is no easier than it was when you were five, but it’s necessary in order to soldier on.

You really want to be involved with someone your own age, because no matter how attractive a younger person might be, they do not get the references.

If a couple says they have no arguments, their divorce is imminent. Or one member lives in quiet desperation, fearful of stating their truth.

People let you down.

Everybody is out for themselves. They make decisions accordingly. Don’t take it personally.

Some people were dead at thirty. It’s a full time job trying to stay alive.

Most of what you learned in school you’ve already forgotten.

You lament they didn’t have calculators in school when you were forced to use a slide rule.

Where you went to college doesn’t matter, unless it was Harvard or Yale, because those are clubs whose members open doors for each other.

If you’re working for the man, it’s just a matter of time before you lose your job.

You probably won’t make as much money as your parents.

You probably drive a worse car every time you get a new one. Once upon a time you could afford a Volvo, now you drive a Camry.

People are dying to tell you their story. Ask them questions. They’ll tell you everything.

You’ll become more comfortable in your own skin.

You’ll be happier.

You’ll stop doing things you don’t want to do. Actually, this happens not long after you move out of your parents’ house.

You’ll stop being fascinated by that which consumed you previously. Sports may become meaningless.

You won’t know who the people they’re talking about in “People” and the rest of the gossip rags are, and you won’t care.

You’ll realize no one leaves their mark, except for a few people who didn’t know they were doing so, so it’s a futile pursuit.

Wrinkles only bother those who have them. Beauty changes when we get older. We’re looking for a glint in the eye, a sense of satisfaction and adventure.

If you’re up for anything, we’re attracted to you.

No one can keep a secret.

There are truly rich people and chances are you’re not one of them. Unless you’ve got a friend, you’ll rarely get the best seat, you’ll rarely get preferential treatment. You don’t want to see yourself as one of the unwashed masses, but you are.

You don’t want to be President.

Life is topsy-turvy, just because someone’s successful today, that does not mean they will be so tomorrow.

Even the best and the brightest have kids who screw up.

Not everybody has to go to college to be successful, although this is impossible for parents to accept when their children drop out.

People oftentimes don’t want to hear the truth, you’ll have trouble getting ahead if you don’t know when to hold your tongue.

Everybody gets cancer, if you ain’t got it, your time is coming.

You think you want to live forever, but you don’t, because none of your friends will be around to share it with.

There are two types of people, those who want to retire and those who don’t.

There are two types of people, those who prepared for retirement and those who didn’t, and some have to continue to work when they don’t want to.

Your health may not allow you to continue to work, even if you want to.

It’s fun learning what the people you grew up with are up to, but you really don’t want to hang with any of them that you weren’t hanging with before the Internet.

People don’t change. Certainly not unless they want to. So expect the person who bugged you in school to still bug you as an adult. And know that chances are you can never ever get back together with your ex because what caused the breakup back then still exists.

Marriage is hard.

Divorce is even harder.

Sometimes life is better with a new partner, but sometimes it’s not.

People who want to make you feel inadequate feel inadequate themselves.

Not everybody grows up, some are still bullies.

People who would hit you as kids won’t hit you as an adult, mostly because they’re afraid of the lawsuit.

The biggest rebel in school is complacent as an adult.

Some of your best friends will become Republicans.

Some of your best friends will retreat to religion.

You’ll laugh at those trying to look younger, or follow their lead down the path of inadequacy.

You’ll regret you stopped piano lessons.

You’ll see the passing of your parents as a precursor to your own demise. Once they’re gone, you’re next.

You’ll love making references to old movies and songs.

Unless you have children, the Top Forty will become meaningless.

You’ll be stunned that the biggest TV shows and stars of yore will become forgotten as time goes by.

You’ll be more interested in the news, and more interested in politics.

You’ll think it was better when you were young.

Even though you are closer to death, you won’t want to be young again. You had so many questions, you were so angst-ridden, you were searching. As the cliche goes, youth is wasted on the young.

The key to longevity is letting go of the past.

You’ll look back at one specific time in your life when you were happiest, and you’ll discover the people who shared the experience agree with you.

You’ll hear from all your significant others, looking for…what they’re not sure.

You’ll recognize hype for what it is. And become disillusioned by it and advertising.

You’ll realize every generation has a teen phenom, a boy band that captures girls’ hearts that fades away.

Stars who can’t go out in public during their heyday will be at the mall buying keys and no one will pay attention to them.

Being famous is overrated, you treasure your anonymity.

Life is for the living, so live it up!


Inspired by “What You Learn in Your 40s”:




Visit the archive:


If you would like to subscribe to the LefsetzLetter

Category: Philosophy, Think Tank

The Joy and Freedom of Working Until Death

“This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet.” ~…Read More

Category: Philosophy

When the Consumer is the Consumed

“What you are aware of you are in control of; what you are not aware of is in control of you. You are always a slave to what you are not aware of. When you’re aware of it, you’re free from it. It’s there, but you’re not affected by it. You’re not controlled by it;…Read More

Category: Philosophy, Psychology

Seeing the Big Picture

Robert P. Seawright is the Chief Investment & Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. Bob is also a columnist for Research magazine, a Contributing Editor at Portfolioist as well as a contributor to the Financial Times, The Big Picture, The Wall Street Journal’s MarketWatch, Pragmatic Capitalism, and Advisor One….Read More

Category: Philosophy, Psychology, Think Tank

Mea Culpas: ‘Fresh mistakes, every year’

>   Its my annual mea culpas column for the Washington Post Business Section column. Here’s an excerpt from the column: “Once again, it is the time of year when I look back at the various investing, trading and other mistakes I’ve made. (Last year’s version is here; prior years can be found here). Why…Read More

Category: Apprenticed Investor, Philosophy

Fed is Too Focused on Wealth Effect, Equity Markets

  “When will these guys ever learn that maybe, just maybe, these Fed policies aimed at targeting asset prices at levels above their intrinsic values is probably not in the best interests of the nation?” -Dave Rosenberg, chief economist and strategist at Gluskin, Sheff   Not long ago, I was listening to former Federal Reserve…Read More

Category: Federal Reserve, Philosophy, Really, really bad calls, UnGuru

54% of Republicans Say We’ve Got Too Much Inequality

It’s a Myth that Conservatives Don’t Care About Inequality We’ve noted for years that it’s a myth that conservatives accept runaway inequality. Conservatives are very concerned about the stunning collapse of upward mobility. A poll from Gallup shows that a majority of Republicans think we’ve got too much inequality: Two out of three Americans are…Read More

Category: Philosophy, Politics, Wages & Income

Look Out Below, Follow Through Edition

click for updated futures     Yesterday, we discussed the likelihood of an equity correction versus the end of the bull market. Today, futures are deep in the red, looking like another 1 percent sell-off or worse awaits us. European stocks are down 1 percent or more, with the IBEX off more than 2 percent….Read More

Category: Markets, Philosophy

Assets versus Prices

Josh has an excellent post up, titled Don’t Hate the Asset, Hate the Price, that makes several important points. I want to reiterate and expand on them here. Some of these are lynchpins of an investing philosophy I have been espousing for many years. Its a broad discussion on price and value, and I think…Read More

Category: Investing, Philosophy, Really, really bad calls, Valuation

Neil deGrasse Tyson on Science, Religion and the Universe

Category: Philosophy, Science, Weekend