“Aramco loses 10,000 barrels of oil per day.  That’s “loses” in the strictest sense: It loads them on a truck or ship or pipeline, and then when it goes to unload them they’re not there anymore. They’ve evaporated or leaked or shrunk or whatever. It’s not a big thing, just one line and a footnote on one page of the discussion of operations. 1 The number is tiny, hardly worth mentioning, 0.1 percent of Aramco’s total output.  It’s also the equivalent of about 14 train cars full of oil vanishing every day, or losing about one supertanker full of oil (more than $200 million worth) every year. If you had a supertanker full of oil you probably would not misplace it. Aramco just has too much oil to care.”

Source: Bajaj Finserv investor presentation

Source: Link

Spend less than you earn. Take free money when offered: company, government, etc. Know what you own, i.e. avoid complex investments. Your benchmark isn’t the S&P 500, it’s the ability to fund your goals. The less you spend on investment fees the more you keep. Insure against potentially devastating risks. Avoid lifestyle creep and keeping up with the Joneses. Invest in yourself (career, education, hobbies). Borrow prudently, pay off quickly. Avoid credit card debt at all costs. Personal finance IS personal. What works for you may not work for someone else. Money carries emotional baggage for everyone. Awareness is a good first step.

Good read: Link

Today's good read: Link