I've always wanted to get my share but, due to my tendency to overcompensate (work harder, push for the win more), I've ended up with more than my fair share. These are some of the life lessons I've drawn from watching my mother and grandfather struggle in the world compared to my own struggles.
Lewis SchiffHarkening back to a story about my grandfather, I was lucky to attend a great high school in New York, Bronx High School of Science, which has produced more Nobel prize winners than any other high school in America.
Lewis SchiffThe bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a "top-down" look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach.
Lewis SchiffThat doesn't mean we should be doing it, though. We should always be carving back those things that are comfortable and institutionalized but not necessarily impactful.
Lewis Schiff