‘Dilbert’ deserves the economics Nobel

Scott Adams (famous Dilbert cartoonist) published a one-page “Unified Theory of Everything Financial”. I think it’s brilliant. If you’re not doing something very similar to this with your money, you may want to think carefully about why not.

I won’t reproduce the 9-step plan here, but go read it, it’s fast. What the Marketwatch article mentions right below the 9 steps almost merits being step 10 (or part of step 9):

“Everything else you may want to do with your money is a bad idea compared to what’s on my one-page summary. You want an annuity? It’s worse. You want a whole life insurance policy? It’s worse. You want to invest in individual stocks? It’s worse. You want a managed mutual fund instead of an index fund? It’s worse. I could go on, but you get the point.”

Apparently Adams sought to publish this as a one-page book but publishers weren’t interested. Adams felt that adding any more to it would be misleading and get in the way of the message, so he published the one-pager as part of a larger work.

Crossposted to