Another TBB post featuring the most eclectic links around the web such as the death of sincerity, Satoshi Nakamoto and Banksy identities revealed, AI tax, Artemis II photos, secret Greek beaches, more warnings against alternative investments, stop picking individual stocks already, the latest on the Iran War, the history of spreadsheets, 3d flight tracker, visiting Phrae in Thailand, the best photography links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.
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This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.
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BLOG HOUSEKEEPING
This is truly a one man labor of love operation, enjoy it while it lasts.
In case you missed it, I did publish my annual post: How I Burned 1,893,248 Miles and Points in 2025.
QUOTE OF THE WEEK
“We do not see things as they are. We see things as we are.” – Anaïs Nin
MUST READ GEMS
For some reason this article hit home with me:
The death of sincerity
Attention equals money.
When money is the primary metric, sincerity is the first thing to go.
If the culture values attention above all else, creators will do whatever it takes to get it.
In a world where everyone is performing, being yourself is the only way to stand out.
It’s a strategy that probably won’t make you super rich, but it’s the only one that lets you sleep at night.
If money was the primary metric in my blog it would not have lasted 13+ years. But I think I have been sincere and just being myself while not doing shit for the algorithms. And I sleep just fine. Unless it is Thursday night and wake up in the middle of the night to finish the Friday blog post for you!
PERSONAL FINANCE
For all market mavens out there picking stocks, here is one for you: Chekhov’s Gun.
From 1926 to 2025, there are roughly 30,000 publicly traded stocks in the data set.
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1926-2016: only 89 stocks accounted for OVER HALF of the $43 trillion of wealth created in the U.S. stock market.
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1926-2025: only 46 stocks accounted for OVER HALF of the $91 trillion of wealth created in the U.S. stock market.
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Simply owned for however long it was traded as a stock, what is the average return of a stock over the last 100 years? 30,621%
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What is the median return of the same? -6.87%
Most stocks stink. A small number have dragged everything else so far upward to simply average a 30,621% total return. If only a tiny fraction of stocks drive returns—and we can’t reliably identify them in advance—then concentrated stock picking becomes a low-probability bet.
Stop frickin’ picking stocks and thinking it’s likely to work out over the long run. It’s not.
There is overwhelming empirical evidence about the best way to invest, and if you are still picking individual stocks (or working with an advisor who does), you are operating at a significant disadvantage. The answer to the question — what is the best way to invest in stocks? — was hinted by Bachelier in 1900, and has been answered many, many times since.
Don’t fight the skew. Own everything.
End.
That said, getting alternative investments inside of 401(k)s feels very much like a solution in search of a problem, a distraction at best, and a payday for high-fee asset managers at worst. In terms of their underlying investment options, 401(k) plans have been headed in the right direction over the past few decades. That owes to fee pressure in the asset management industry writ large, the rapid uptake of index-fund-based target-date funds, and an increased awareness of idiosyncratic risks like employer stock and extreme asset allocations. Today, most 401(k) plan menus are dominated by boring, low-cost index funds and collective investment trusts (or such funds held inside target-date funds), and the benefits of that emphasis far outweigh any drawbacks. That’s because Morningstar’s research has consistently demonstrated a close connection between fund performance and expenses: The cheaper the fund, the better the odds it will outperform its peers, and in turn, the better the participant outcome. Allowing alternative investments, which are usually expensive and opaque relative to core fund types, would be a step backward for 401(k) menus. [Bold font for emphasis]
Interesting: Median Annual Property Taxes by State.
CRYPTO/TECH/SCAMS
The same guy who discovered the Theranos fraud, he now has named Satoshi, what do you think? Who is Satoshi Nakamoto? My Quest to Solve Bitcoin’s Great Mystery. Bitcoin’s creator has hidden behind the pseudonym Satoshi Nakamoto for 17 years. But a trail of clues buried deep in crypto lore led to a 55-year-old computer scientist named Adam Back.
Amazing to see to what extent some natural born assholes get to to separate vulnerable people from their money, speechless. Then again, not too surprised actually: Fake Cops, Fake Judges: The Hollywood-Style Scam Poised to Go Global.
Fraud, #1 killer app for crypto smh: World’s oldest tortoise caught in viral crypto death scam. Where else but on Twitter X.
AI
Maybe I should get a new laptop with my blog’s profits. Oh wait, scratch that lol. You Can’t Escape the AI Tax.
So much money is going into the AI build-out that it is already reshaping the physical world. The data centers that are sprouting up across the United States are at least partly to blame for rising utility bills. And now people who may never have heard of Claude or asked ChatGPT for homework help will feel the effects of RAMaggedon. Hospitals have shelved plans to install touch screens that display medical charts and let patients order food, because the displays contain RAM, Rachael England, a manager at Vizient, a consulting firm that works with many U.S. hospitals, told me. Josh Bauman, the director of technology for a public-school district in Missouri, told me that if RAM prices keep increasing, his district may rethink buying a Chromebook for every student. For the foreseeable future, no one can escape the AI tax.







Apologies to the email list subscribers for the typos in today’s blog post. The TBB editing department (short staffed and unpaid but always highly motivated to maintain top quality) missed some and ran out of time before the email went out at 8 am. They have now been fixed in the web version only.
Thank you DML for the only sale this month, I told you that you will be FIRST, enjoy the Atmos Ascent card.
Ah … Good morning! You’re welcome!
Alaska Airlines has direct flights to the west coast from DCA. Those might be more relaxing than traveling on the Delta hub/spoke system.
Thanks for the wonderful links today!
WOOT! Yes, I will VERY likely (on purpose) be around on/near Mother’s day! Let’s make plans for sometime around there for a meet-up. I can get to Seattle in a couple or so hours driving or by light rail. Soon as I saw the sentence you were heading to Seattle I was charged up.
Plus thanks for a LOT of good and interesting reading to do over the next couple days in today’s post! It already started out as a good day and now this news! Plus it is a gorgeous sunny day today! Yay!
See ya soon!
Hello from Da Nang, smoke season in Chiang Mai was the best it has ever been in early March, only to be horrifically bad in the latter half of the month. No rain in the forecast either but at least a little wind to clear out the worst air on the planet.
I’m going to be staying at the 2 wink hotels this trip in DAD for extended stays, so I don’t have to live at the Rio for 60 nights to get my globalist status back for next year.
Checking out the Greece beach post, I noticed a place I had been: Alimia, Iraklia. Iraklia has like 150 permanent residents. I’m not even sure there’s daily ferry service. And all the locals gather at the post office/coffee shop/grocery store/bar to sip Ouzo in the evening, so you for sure feel like an outsider when there. Hiked a loop around the island one day so that took me to their hidden beaches. Maybe I’ll get back to that part of the world next spring before all the tourists show up.
Have fun at the Seattle Regency, they put me up in an executive suite when I stayed there last. I had just come back from Alaska and hadn’t shaved in a few months so probably gave the guy checking me in a heart attack that he was giving a suite to a drifter off the street. Serendipity that I got a thank you from the guy in charge of the seattle hyatt’s that I had left a top review of the olive hotel and mentioned I was staying the next night at the regency. Suddenly my upgrade went to the top of the list! If you catch it on a clear day you’ll have view of Mt. Rainer and even the Olympic Mountains on the other side of the sound.
The secret Greek beaches looks great. I was kind of hoping there would be one on Naxos since my wife liked it so much we’re going back there next September.
Your comment about Rove has me a little concerned. I have about 250K Rove points and now I’m thinking about whether to shift them somewhere like Lufthansa or JAL.
I presume your Hilton links are not NLL? Otherwise I may look at one. Still trying to figure next year out, particularly with the upcoming Hyatt value massacre.
View From The Wing: “Passenger Touched A Flight Attendant’s Buttocks,…”
This from a blog so many other bloggers link to. While not even a single one links back to me, including my annual miles & points burning summary posts. After I repeatedly link back to them. There is something fundamentally wrong here.
I was going to shut my baby down. Then DML’s Credit Card sale came through, the only revenue this blog has earned in 3 weeks running, WTF!
Taking a break from here after this, need time to recover smh.
And thank you to the same 10 people who take the time to comment. I will respond eventually.
It is Greek Orthodox Easter tomorrow so Happy Easter to those who celebrate…
Tomorrow UofMichigan Big House Stadium 5k run, and then dim sum afterwards, you all enjoy the weekend.
AA, Alaska, JetBlue, United, Delta, and Southwest raised baggage fees. Starbucks, Panera made changes and Subway gutted it’s program. And then the BIG one, McDonalds destroyed the reward chart. It’s a select club, the fat Epstein class, and we’re not in it!
@ DML: The few Alaska Airlines flights I had I had a really good experience. And looking forward to two more to/from Seattle next month. I could be on Delta but, you know, cost more…WAY more.
@ Carl: Yeah, looking forward to meet you finally in person. I have no idea about our schedule, too soon. This will clear up the closer we get, I’ll let you know.
@ bob: Yeah I know about the air in Chiang Mail, I read the Bangkok Post daily 🙂 Let us know how the Wink hotels are. Wondering if I should burn a Confirmed Suite Upgrade for just 2 nights at the Seattle Hyatt Regency, leaning not to.
@ Christian: I have absolutely no information about Rove, just my gut feeling. Which has proved wrong in the past! I doubt my Hilton links are NLL, no idea, Amex does not like me 🙂 It does not matter as I can’t remember the last time my site sold an Amex card, sad lol. I have a feeling the Globalist good days are coming to an end 🙁
@ ABC: Actually, I saved a link about the McDonalds changes to elaborate further how this hobby is no longer what it used to be. My local grocery store had a loyalty program, $5 off every $200. And then suddenly last week I noticed no more points, they just killed it, it now only has coupons in the app that I must choose before I used them at checkout, why bother anymore. Same with Starbucks, I no longer buy using the app, I just pay with a cc…And so it goes…I think this industry just got too successful for its own good and…is on a descent.
Just got back from my 30-year college reunion. A friend told me he was at the airport recently and needed some reading material for a trip and he happened upon a book by… The Points Guy. He’s now started up with doing credit card offers… He told me, “Wow, I should have gotten into this stuff when you were writing about it all those years ago!”
Lol…Imagine discovering this in mid 2026 from TPG of all places.
Well, maybe he’s better off. Maybe he would have ended up spending too much time on Ashley Madison and a divorce. Some end up doing cocaine. Others pretend they are going bald to earn 20k skymiles. It’s a gateway drug.
I still get those mailers from that outfit curing baldness! Easy 20k Delta Skymiles, forgot the name, one of the oddest social interactions, they were on to us lol.
Would love to see interviews of the old timers like MMS and Emily, I miss them #notreally
My wife and I stayed at the Seattle Hyatt Regency the year before last in September. The location was so-so but the hotel was decent enough. As a Globalist I got a solid room with a decent view. Neither my wife nor I were really sold on Seattle as a city (although we loved Portland on the same trip) but would be agreeable on staying there again for future visits.
Thanks, I set up my daughter there for a few days before she moved into her rental place in Seattle and she liked it. I think I am going to save the confirmed suite upgrade. I need to book the PH Saigon soon, just need to see how to fit it in…I don’t have a good feeling about the upcoming WofH massacre.
I expected it and it came through. A denial on my wife’s Capital One Venture rewards card app, the one expiring today, 75k points plus $250 travel credit. She got her Venture X in early December and was expecting the “too many cards” message blah blah bla. Instead, it was “another Venture signup bonus for her? No way” message…And she would have been Second here 🙂
PH Saigon suites are lovely. They’re not the largest suites around but they are tasteful and very comfy. My wife said that the towels there were like tents because they were so huge (but still fluffy) and the breakfast is really impressive. we want to return but haven’t had the chance yet.
I tried to buy some coffees today but the cards errored out. I’ll try again. Just a small appreciation for all your work. Presuming I can make this happen.
I tested the Buy Me A Coffee and everything appeared normal…but I stopped at the cc inputs. Hmm, maybe that is why I haven’t had a coffee sale for a long time? Can someone else test this please? Thanks for thinking of me, this is becoming like dying slowly here, only on cc sale this month and absolutely nothing else (thanks DML!). And now even my best customer (my wife, lol) is getting denied.
This is what happens when 0% is dedicated to promotion/marketing around here. On the other hand, I have some amazing links finds to share with you all on Friday…I need intervention to quit this blogging for nothing addiction of mine!
I just recently got a note that my automated Buy a Coffee thing went through so I guess part of that system is still wo0rking. Unless of course it conked out since that went through.
You know it will be first, you for the coffee and DML for the ccard.
Maybe the Coffee vendor is about to kick me out first?
So many bloggers have moved on…I will be the LAST one to go 🙂
Which card would you use for $12k of spend coming up considering:
1.No new cc to work on minimum spend!
2.No current spend based promos!!
3. Need to get Amex back in my camp (defeat popup jail).
Fall back is always 2x CO VentureX.
But maybe use Amex BPP for 2x and help #3 above?
Or use Amex Hilton Surpass? 3x (but way lowly valued Hilton Honors points). Will that make any dent on #3 above?
Or even use 1x Amex Business Platinum if that will indeed help #3 above?
No personal Hyatt visa for more elite night credits, I should be ok to requalify as Gobalist again most likely.
Decisions, decisions…
Biz + so you get 2x per $
Yeah,leaning towards it. I wish I had an Amex insider telling us how to crack the popop jail code…
I have a really nice blog post coming tomorrow. Still stuck at 0 coffees month to date, maybe they shut me down already.
Just got a note that my monthly coffee was gonna get charged. It’s a set one so you can always count on that one at least.
Shocking: 2nd credit card sale of the month, an Amex Hilton Surpass, covers one month of Mailchimp email list service. Thanks to the reader who got it, please let me know who you are, I am keeping track of the supporters. For the day my blog is discovered so I can share with you all #wecandreamyeswecan
Hi George happy to support your hard work !
Thank you! Marked you down in my long sales sheet where I keep track of the supporters. So when TBB.ai gets to IPO, I will take care of you 🙂