Beating the S&P 500, Polymarket Frauds, AI Economics, World Cup Mania, Best Travel Rewards Credit Card Duo

Another TBB post featuring the most eclectic links around the web such as beating the S&P 500, Polymarket frauds, AI economics, World Cup mania, the best travel rewards credit card duo, retirement surprises, supermodel cult, Iran war losses, abuser Andrew Tate, five forbidden islands,Β  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.

 

Blog Mission: To Educate. Entertain. Inspire. In That Order!

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No clickbait. No ads. No algorithms. No sponsors. No AI. No paywalls.

 

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.

 

BLOG HOUSEKEEPING

This is truly a one man labor of love operation, enjoy it while it lasts.

I am trying to make my posts shorter. I think a combination of slower summer content around the web, me trying to be more eclectic in what makes the cut to appear here and heavy World Cup games viewing schedule has definitely contributed to this post be shorter. How do you like it?

 

QUOTE OF THE WEEK

 

β€œThe only thing an old man can tell a young man is that it goes fast, real fast, and if you’re not careful it’s too late. Of course the young man will never understand this truth” – Norm MacDonald

 

MUST READ GEMSΒ 

Best thing I read lastΒ  week:

The Adults Don’t Exist

We are all flawed humans…

 

PERSONAL FINANCE

I have been blogging more lately about retirement. It is central to what I do in my real job (blogging is not it by the way) and I am now also personally in the middle of it as I am now contemplating semi retirement and my wife’s last day at work is next week. So I was very interested to learn more about what Ken Dychtwald has to say about his own retirement after he spent his career around this issue: What Surprises Retirement Guru Ken Dychtwald.

…attitudes toward working as you get older have changed. It used to be that if you met someone and they said they were 56 and retired, you’d say, β€œWow, congratulations.” Now, people who have had successful careers that don’t involve heavy physical labor often keep working in some way. There are famous examples of that, like Warren Buffett, the Rolling Stones and Martha Stewart, but many other people not in the public eye have decided that fully retiring from work is not for them.

There’s so much about life at this age that’s confusing. And I don’t mean a little bit confusing, I mean utterly confusing. If you gave me $1 million in cash and asked me to explain Medicare, I couldn’t do itβ€”and I’m Mr. Age Wave! There’s Part A, Part B, donut holes, Medicare Advantage, Medicare and Medicaid. For the first seven or eight years, I’d get a Medicare statement that said, β€œYour Medicare Bill.” Then, on the upper right, it said, β€œThis is not a Bill.” What is it?Β And it’s not just Medicare. It’s all the documents from insurance companies and financial firms, the complexity of taxes, and the ever-growing threat of elder scams. I’m a somewhat clever guy, I’ve been in the field for 52 years, and I’m fortunate to still have great cognitive health, but it’s all utterly confusing and impossible to understand.Β 

We created the Peace Corps 70 years ago. Today, I think we need an Elder Corps, where millions of older people can rise up and be the elders in their communities. As boomers, we need to do more and be more; be leaders and contributors versus just being retired. For retirees and society as a whole, our current β€œretirement” model is wrong. [Amen!]

Also, the link above leads you to a page that is so full of ads that your eyes may hurt, you have been warned. I do not have any ads in my blog by the way.

I often hear people saying that you do not need a financial planner, you just buy the S&P 500 index instead. I am not going to get into how wrong this is but, let me stick with the all mighty S&P 500 index a bit. You know, you should diversify at all times because what works for a while at some point will cease to work. And this is happening lately:Β Everything is Beating the S&P 500 This Year.

 

TECH/SCAMS/CRYPTO

Some scammers are really way out there. They fool many people. And that “charisma” they have develops into a cult. Thank God this dude died early, he could have done so much more damage. Amazing story, I smell a Netflix special soon to follow HBO: The Untold Saga Behind an Infamous Male Supermodel Cult. Once the world’s highest-paid male model, Hoyt Richards gave his last penny to a socialite conman who claimed to be an alien and preyed on the sexy and susceptible. A new HBO doc tells only half the story.

Everything is so edited online is absolutely ridiculous. And lots of it is just designed to separate you from your money appealing to your greed. Assume everything is fake! They Looked Like They Were Getting Rich on Polymarketβ€”but None of It Was Real.Β The prediction market has flooded social media with deceptive videos by paid creators, according to a Wall Street Journal investigation. This has to be illegal, lock them up. But, in 2026, on the contrary…

 

AI

Interesting quote by the dude at Anthropic who created Claude:

I don’t prompt Claude anymore. I have loops running that prompt Claude and figuring out what to do. My job is to write loops.

Latest LLM rankings are HERE. For the record, six out of ten are from China.

Some of these are very funny, definitely not all: AI Economics for Dummies.

Acquiring one grape costs Alex $2 billion. Alex offers to sell Mike one grape a month for the next 12 months for $1 billion per grape. Alex asks for the full $12 billion up front and provides Mike with one grape for the first month. Alex makes a $10 billion profit this month; his ARR is $120 billion, and his profits are trending up at an infinite rate. The Wall Street Journal’s business editor moves into Alex’s house, having accepted a part-time position as Alex’s human footstool. He never asks to see the books.

 

 

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15 Comments

  1. Finished the post barely at 7.57 am. Mailchimp sends it to email list subscribers at 8 am. Sadly, I had no time to carefully edit it so the emails went out with some typos. Which have now been fixed. You can request a refund, I do my best to keep this going.

    One Carlos dude decided getting one email per week is too much and unsubscribed. It is probably the dude who has been complaining my blog is ultra leftie. Whatever, good riddance. It is a free country…well, less free definitely.

    Enjoy the weekend and the World Cup games!

  2. Hi George! I went to Cabo Verde last year for my wedding anniversary. It’s super easy to do cheaply- EasyJet and Vueling (low cost carriers here in the EU) both fly to Sal Island, which is fairly inexpensive. Highly recommend- i wish we’d had time to go to nearby Senegal too.

  3. I hope you are enjoying the World Cup here and get to some games. I’ve been hooked on
    the YouTube posts by folks who point to the disconnect between what they expected
    and what they observed.

    Glasgow last week was much fun! I hope to get back.

    Thanks for the links!

  4. Finally caught up on email this morning and skimmed through as it is always a lot so will entertain me for the next few days. I traded in all my UR (thanks for the advice BTW0 to Hyatt and some to Marriott as I am planning a road trip through smaller places across the country. That stash ought to take care of me pretty much all the way and also have some IHG points to use too!

    Had the heart procedure Wednesday and the doc says he think 90+% chance I won’t have to do it again. Recovery the first 48 hours is OK but I’ll be glad to get the stitches out.

    Also working on a plan for Italy (yeah, again). It seems harder to do though and I wonder if this is my last big trip there. 70 approaches soon.

    I like your planning for a nice long trip to Thailand and also Vietnam. Been there once (Vietnam) and loved it.

    Thanks for putting this all together!

  5. My son’s in Vienna for his first-ever Europe trip! He’s with a youth Orchestra and they’re doing a couple of performances in Austria. Instead of paying $1,500 for the airfare I booked his plane ticket with AA miles. I’m flying him out of Venice so after Austria he gets to go on his own to a new place for a few days (he’s 18). I figured Venice is a good place for him to try out as it’s pretty safe and kinda Disneyfied, or at least it was last time I was there.

  6. I’m thinking rather seriously about going to Bangkok for a thorough physical next year. Do you have any suggestions or thoughts? I have heard vaguely good things but don’t know – well, pretty much anything. I don’t know any good hospitals, how long to figure, how much to budget, or anything else. I’ve been to Bangkok enough times but never for medical tourism.

  7. Hi everyone,

    Sorry for responding late, it was another day of 6 World Cup soccer games with so much drama. Today Saturday is the last day of 6 games, phew! It is exhausting and absolutely awesome at the same time.

    @D. Jonez: Sorry for not responding to your email earlier, been busy with World Cup and stuff like that. Thanks for your insights about Cape Verde. I have watched some videos on You Tube and I am very surprised about this country and its people. And the culture and the fact that it has been a well functioning democracy for so long. And did I say the people? They look to be so much fun, what a unique culture. And very surprised about the geography of the island, these are not Mauritius πŸ™‚ And thanks for the great insights about Sagrada Familia, only locals can enlighten us about these touristy places. Do you mind if I share them in the blog one day (reader D. ok?).
    And Cape Verde’s magical journey in the World Cup is to continue only to end at the next game vs Argentina. But ya never know, this is why you play the game, 11 vs 11. Can you imagine if they knock out the defending WC champs?

    @ DML: Yeah, I am loving the World Cup. I turned my daughter into a big fan and we text back and forth during games. Friends ran the Edinburgh marathon and they loved that area in Scotland as well. Seeing some pictures surprised me; I knew the area is beautiful but the pics revealed the place to be even more than that.

    @ Carl: Glad to see your procedure went well! You in Italy and me to Thailand, two destinations we hammer πŸ™‚

    @NickPFD: These are life forming trips for youngsters. Warn him about them pickpockets! Hope it all goes well and…AA does not make his life and yours miserable. Because, you know, AA operations and all πŸ˜‰

    @ Christian: Email me, I know a lot about the subject! Maybe I find time to expand here one day but it likely won’t happen during the World Cup. For obvious reasons. And thanks for that credit card.

  8. On my recent trip I went to Bumrungrad for some medical. I had an issue which was dragging on, contacted Bum. the week before and set up an appointment with a neuro on the first Saturday after my arrival. Sat/Sunday appointments are possible. You give them a few options of times and dates you would like to be seen. As I had a Calcium Score done there last year I was already in the system so went straight to reception. Saw the Neuro on time, he told me what he thought the issue was, 30 minutes later I had nerve conduction tests and saw a specialist neuro for that and within 90 minutes and $750 I had my diagnosis. I highly recommend the establishment as all my dealings have been efficient and I’ve walked away a satisfied customer.

  9. Medical tourism in Bangkok? Been thinking about doing that (no real issue just being preventative.) How about a recommendation based on experience?

  10. To all:

    Ok, I will write about medical tourism in Bangkok in a separate section on this week’s blog post coming to you on Friday since there is a lot of interest (Christian and JohnnieD). As a warm up, I am going to channel Vicky πŸ™‚

    I have the Norway vs Ivory Coast game in the other monitor…and IC just tied it. These are two bad teams Brazil should annihilate next.

  11. Everyone, heads up!@

    I called to close my Chase Sapphire Reserve for Business card and asked to move the credit line to my Ink Business card before closing. And the rep is now telling me that this can not be done since it is a ‘pay as you go” card, or maybe it was ‘pay in full. I told her lady, I have done this a few times and I had never heard of this. Is this a new policy? No. She got testy after asking to speak to a supervisor by telling me I am a supervisor lol. Further pressing revealed that the only 2 cards credit limit can not be moved around is the CSR for Business and the Ink Premier. I hung up to investigate further before calling back.

    She did try timidly to make me keep the card by trying to sell me the EDIT hotel credits LOL. “It works for many of our cardholders”. Yeah, sure it does smh.

    Chase doing Chase things lately…

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