Tag Archives: firefighter economist

Surrounding Myself With Professionals

It’s been a while since I last posted. I have had a bit of inner conflict as to whether or not I should even continue with this blog or investing for that matter. To be honest, I have felt like a bit of a failure and haven’t really felt qualified to teach…I’m breaking this hiatusContinue reading “Surrounding Myself With Professionals”

Indirect Attack: Cash Secured Puts

The markets have been more insane than the crazy frequent flier covered in their own bodily fluids that you ran on three times last night. Something I have been asking myself over the last two month hiatus from posting on this blog, is Are These Markets Investable? Turn to Twitter, financial blogs, and other socialContinue reading “Indirect Attack: Cash Secured Puts”

Scarcity

I think any firefighter can understand economics because fundamentally to study economics is really just a study and a mastery of scarcity. Scarcity is the term that implies that there is only a fixed amount of any given resource available for the needs of a society. Economics seeks to get the most amount of goodContinue reading “Scarcity”

Running Out Of Water: An Appreciation For Passive Income

You Never Want To Run Out Of Water When It’s Avoidable I ran out of water as a new captain. We were clearing a medical aid call and a group of people rounded the corner of a residential street frantically waving us down. We were caught off guard to say the least. As we roundedContinue reading “Running Out Of Water: An Appreciation For Passive Income”

The Art of Reading Smoke: Real vs Nominal Terms

Like most new firefighters, I was an absolute train wreck on the fire ground during my first few years, namely my probationary year. For our department, your first year on the job after the academy is known as the probationary year. As a “Probie,” you need to demonstrate proficiency in basic firefighting skills on realContinue reading “The Art of Reading Smoke: Real vs Nominal Terms”