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,  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

 

“The 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 GEMS 

Best thing I read last  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, “Wow, 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 it—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, “Your Medicare Bill.” Then, on the upper right, it said, “This is not a Bill.” What is it? 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. 

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 “retirement” 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: 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 Polymarket—but None of It Was RealThe 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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5 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!

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