Career Bets, The Real AI, Apocalypse Early Warning, Best Lake Michigan Beaches

Another TBB post featuring the most eclectic links around the web such as how to compound career bets, the real AI, Apocalypse early warning system, the best Lake Michigan beaches, century of stock market winners, there is no Trump IRA out there, independent writing in the age of AI, Iran’s new grand strategy, stealing lots of cheese, the greatest bird names of all time, we travel to Nepal and the deepest caves, all the USA World Cup goals and WC ticket gouging, 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!

Support TBB by applying for CREDIT CARDS or Buy Me a Coffee or click on LINKS

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.

If you were receiving new blog posts in your email and suddenly the emails stopped arriving, perhaps Google is doing its thing again relegating them to the Junk/Spam folder. Can you look in that folder for dates on each Friday and if you find one of my emails in there, please mark it as “Not spam”, thank you.

It is very likely the blog will have a new refreshed look next week. And there may be an interruption in emails coming so if you do not get one next Friday at 8 am please surf over here. Or just bookmark my site and come back here to comment about each World Cup game, it is going to be wild!

 

QUOTE OF THE WEEK

 

“Fatigue, discomfort, discouragement are merely symptoms of effort.” – Morgan Freeman

 

MUST READ GEMS 

My kids and some of their friends read my blog. So, I want to single out this career advice article to them. And to anyone under 30, you are welcome:

The Career Bets That Compound (And the Ones That Don’t)

 

 

PERSONAL FINANCE

There is some excellent personal finance advice here: f.a.q speed round, long weekend edition. Straight in your face answers to these questions:

1. “Surely there’s some trick to paying less taxes?”

2. “I’m nervous about the market. Should I sell everything and wait it out?”

3. “My parents are getting older. It sucks. What should I do?”

4. “What’s the best way to give money to my kids?”

5. Do I have enough money to retire?

…The real question here is less “Can I retire?” and more “What would my life actually look like if I did?” Which is partly a financial question and partly an identity question…A surprising number of people spend decades preparing financially for retirement and almost no time preparing psychologically for it.

Very interesting research findings presented in this article: A Century of Stock Market Winners–And Why Most Stocks Failed to Deliver. The compound buy-and-hold return to the entire U.S. stock market over more than 100 years was 1,504,057%. Yet the median individual stock lost money.

Key Findings:

1. The Market Won Big, Most Stocks Didn’t, but a Few Won Spectacularly.

2. Wealth Creation was Shockingly Concentrated: $91 Trillion—Created by Just 3.7% of Companies

3. Wealth Concentration Is Getting Worse, Not Better

4. Time and Compounding: The Great Equalizers

And here are Five Takeaways That Should Change How You Think About Markets:

1. Diversification isn’t just prudent—it’s mathematically necessary.

2. The average return is not your likely return.

3. Time in the market is paramount—but only if you own the right assets.

4. Wealth concentration is increasing—and this matters for active investors.

5. Treasury bills are a tougher benchmark than most investors realize.

There is great confusion out there around Trump accounts and Trump IRAs. Once and for all: New “Trump IRA Is Fake News”.

 

CRYPTO/TECH/SCAMS

The May 2026 Ponzi Scheme Blog Roundup. It’s the typical collection of fraudsters doing frauds. But was there anything in there that stood out this time? Yes:

They used investor funds for personal expenditures including casino trips, whiskey club memberships, massages, and cryotherapy treatments rather than legitimate investments. [I understand casinos and massages. But whiskey club memberships and cryotherapy? GTFOH!]

Frost marketed the company heavily through conservative and Christian media outlets, branding it as part of a so-called “patriot economy” that would support small businesses and ministries while delivering annual investor returns of 8% to 16%. [Be a patriot, make 8% to 16% every year, Jesus!]

…he raised approximately $12.3 million from about 150 investors in a fraudulent scheme based on supposed proprietary AI-based trading bots that would engage in high-frequency arbitrage in trading crypto assets. [I have warned here numerous times to run away when you see the word ‘proprietary’. You add to that AI and trading and arbitrage and crypto? You know, I don’t feel sorry for anyone falling for this then, come on!]

Rip.so. The Digital Graveyard. Cool site.

 

AI

Maybe all is not lost for writers? Especially independent writers like me here? The independent writer’s advantage in the age of AI. Sure hope so…Oh, I like the last idea below, charisma and weirdness baby oh yeah.

The value of summary will go down, and the value of secrets will go up

The value of static content will go down, and the value of live interaction will go up

The value of bureaucracies will go down, and the value of founders will go up

The value of polish is going to go down and the value of personal charisma and style and weirdness is going to go up

Booing graduation ceremony speakers when they mention AI is becoming a thing? Harvard Graduation Speaker Unloads on AI in Profanity-Loaded Tirade,Prompting Cheers From Students: “I’m Here to Tell You the Mission of Your Generation Is to Destroy AI”.

From Seth’s Blog, short and sweet: The Real AI.

To quote the great Steve Wozniak, “Actual Intelligence.” The kind we’re born with and can develop if we choose. It’s worth more now than ever before. Alas, it’s rarely taught in school.

The difficult work of making choices

The act of curation [Talking to me?]

Seeking justice

Offering dignity

Knowing when to stop

Investing in deep empathy, not a shallow substitute

Making something that matters

Caring

 

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23 Comments

  1. First! Thanks for the posting and I am looking forward to the new look, though I am always happy with the current one. Starting to think to plan some travel once I get my heart procedure out of the way. Getting tougher to do though as I age. I told ya that before though I think.

    Glad the kitchen thing is about done! I’ve done remodeling and such and it is always a pain!

    Thanks for all the work you do putting this together. I truly appreciate it!

  2. Carl wins again!

    Thanks for the ponzi update link. I had to read that immediately. There was one that was “in business” for 20 years. Wow! That is discipline.

  3. I read that Foreign Affairs article on Iran a few days ago. Interesting moment for them and I’m curious to see where they end up 10 years from now as it could go in a lot of different directions.

    I guess I’m one of the few that thinks oil will hit $150 / barrel this year? People seem too relaxed right now. I think I said this before but right now it feels like about a month before COVID hit.

  4. Any day now next time you visit my site it will look different, very different. The cost will be, at current pace, 4 months revenue, sad lol at me. It’s ok. Did I mention the 150k Chase Sapphire Reserve offer ends in about a week and you should go for it using my links? The posts and videos online now are suffocating. Even saw an “expert” selling it hard on, wait for it, Linked in!

    The points and cash rate at the Cleveland Hyatt Regency Arcades property went down to only 11,500 points (same) and $372 for tonight, down from almost $600. Still LOL. I may drive to Canton actually, 10k for a Hyatt Place, maybe go to NFL Hall of Fame finally, we shall see how the day goes. Getting kicked out of the house later this morning for more than a few days to finish the wood floor, the joint is starting to look nice!

    Game 2 of NBA Finals was an instant classic. WTF is happening with the Knicks, these guys have been on an outofthisworld run, I mean, they are playing out of their minds EVERY game, how can they keep doing it is a mystery!

    @Carl: All the best with the heart procedure. I just don’t see how people build a house from scratch. So many decisions have to be made is…super exhausting. Going to take some time before…we get to the master bathroom upstairs 🙂

    @ DML: Carl keeps beating you here, you need to take note and do something about it 🙂 The lady who does the monthly Ponzi scheme update is doing a great service to remind us all about these assholes out there, so many!

    @NickPFD: Yep, it could still go in a lot of different directions for sure. Follow up article on FA is “Iran Embraces a Forever War”. Very interesting. What makes this fascinating is having the Iranian team jump through hoops to be here for the World Cup. Well, actually Mexico since they did not want to be based here after all the nonsense with the visas and stuff like that. All 3 Iran games are in the US by the way. You could be right about oil. So many things right now make no sense whatsoever. I mean we are on bubble land with everyone trying to get their hands on SpaceX shares…and I am just sitting back shaking my head. It could be the top…or maybe not. Who knows man. I have been telling my clients all bull markets end and no one knows when. So, we go to back to the disciplined process we have, stay diversified, low cost, rebalance in set intervals and make smart tax moves and focus on…real life. And stay healthy!

    1. The problem with diversification right now is that a lot of the index funds are dominated by a small number of big tech firms who are currently pouring money hand over fist into questionable projects. It feels like there aren’t any safe harbors at the moment.

      1. The only safe harbors are guns and ammo 🙂

        Diversifying with index funds are like that saying about capitalist that goes something like “capitalism is the worst…but still better than all the other systems” or something like that, forgot how it goes.

        As I always said, expect anything in the short term. I keep reminding my clients all bull markets end…

        1. S&P 500 barely moved from 2001-2010. A lost decade (more if you include inflation). But internet stocks were not dominant (except NASDAQ). You can’t hide from this bubble (ok, maybe in Victoria Secrets, up 40% last week). Anthropic sells a service for $200/month that cost $5000 to make. Will we have another lost decade? Imagine you’re a Tesla fanboy. Will you sell some Tesla stock to join the SpaceX hype?

          1. >>>>>>>>>Will we have another lost decade?

            Nobody knows – TBB

            Therefore, I say:

            Diversify 🙂

            Or maybe stick with the S&P 500 which is the only index family saying No to the Tesla/SpaceX fan boys?

            On another note, just burned 150,000 for 2 nights at the Conrad Singapore, 230 meters away from the St. Regis where we have a wedding to attend. Placeholder for now, need to check out them FHR hotel deals next.

  5. ‘Career Bets That Compound’
    This should be reposted many times! Thank you for sharing this George.

    1. This comment pleases as much as seeing a credit card sale come through 🙂

      And I agree, feel free to share my link then, thanks.

  6. The hottest team in the NBA, the New York Knicks, were visited by Trump and they lost. I did not think that New Yorkers could hate this guy even more but here we are…

  7. The Conrad Singapore Marina Bay is a nice FHR. I paired my stay with a FNC and the hotel was nice enough to roll my dinner from the FNC night to the FHR night to use the on-property credit.

    I’ve had friends stay at the other Conrad (THC) and like it. You are further away from the Marina whic has +/-s

    1. Thanks for the feedback. I booked the other Conrad THC by the way. We have now been invited to stay with family and we’ll be riding to the wedding with them…it appears. I thought about using one FNC in one of the 2 nights but did not think it would be prudent when cash rate is less than $300 usd. Do you think burning a FNC at the Conrad in Marina Bay is fine? Maybe I am already thinking past WofH Globalist?

      Continuing to make changes on the look of the blog which will go live in this Friday’s post. Cutting down on lots of link colors, CAPS, deleting some salesy stuff, links will be underlined going forward, etc.

      Heat advisory in Ann Arbor, going to be a super hot day today!

      1. I think burning an FNC is alright, depending on the price that night. Compared to Conrad Tokyo (2021), I think Conrad Marina bay is a step down. Depends on the other possible uses you have for the FNC. WA Cancun FNC got me a ground-level suite with the big private pool. Echardt’s Private Hotel is going to be near impossible to top for an FNC use though.
        BTW, there is a Hilton resort across the lake from Echardt’s if you ro anyone find themselve in Queenstown.

        1. Holding off to book any night(s) in Singapore until I book me a business class ticket back to the US. And of course it is slim pickings award wise recently…

          Yeah, I am aware of that WA in Cancun. But having been to Cancun not looking to return anytime soon.

          Interesting Hilton property in that lake, will take a look at it, just curious now.

          1. Cash might be king for that flight. The dates of my trip to SGP were chosen because EWR-SGP-JFK was about $1500 cheaper per ticket than any other date combination. I forget if I used Amex Travel and their premier airline partnership thing. On a previous trip to RSA, Amex saved me about $800/ticket with their program.

  8. Chase Sapphire Preferred changes:

    What stands out is another hit to World of Hyatt! This could be the last year of Globalist. If not, 2027 for sure. Time to become hotel free agent and burn more points before they become worthless…hello Hyatt Cat 1 hotels in Asia lol.

    So many credit card salesmen telling everyone how to travel hack after discovering the ‘hobby’ recently smh.

    @ Nick PFD: What an ignoramus not being aware of the poor souls in those buildings. I clicked and made him even more $.

  9. Mexico 2 – South Africa 0

    I knew there was no way Mexico would not win this game, they have been preparing for this for a long time. And Mexico City is such a tough place to play. The South Africans looked completely disjointed and totally out of place, especially in the first 20 minutes. And were lucky to go down by only one goal.. And then the nightmare for the African team started back at the beginning of the second half with a red card. And then another red later one (which I think was harsh). Just a really bad day at the office for the South Africans. I wonder if they just flew in the night before or something. And then…wait, a red card for the Mexicans for a stupid tackle near the end that was totally unnecessary. The Mexicans continue to find a way to…do things like that. Anyway, pretty good opener with more red cards than goals which was in no one’s cards (pun intended).

    See you after the 2nd game, I hope I can stay up lol.

  10. South Korea 2 – Czechia 1

    I had no doubt South Korea will come back. I can’t believe Czechia is here (you will see me saying this a lot in this WC), I don’t think this team even won a game qualifying. Just many ties and then winning at PKs. And ONLY scoring from set pieces, I mean, I can’t see them going far. But ya never know it is the WC. I always liked the Korean and Japan teams, they go all out and will out run you. The Koreans did not seem very sharp today and I think they will get better. We go from 3 red cards and I don’t know how many yellow cards to a game where the referee floated never pulling a card. All these fans traveling to WC games must be really rich! I remember in the 2014 WC when Greece made it to the second round for the first time ever many fans were crying. And undoubtedly many because they just could not afford to stay around for the 2nd round game, sad lol. And of course the Czechs almost scored 2 today with their heads, which is what they do. I predicted both game winners today, not the score but I’ll take it.
    Get ready for Team USA tomorrow!

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