Some Brief Thoughts on Buying Pieces of the Future (Or What Some People Call Investing)

With the stock market prices seemingly bearing little relationship to the actual economy, investment strategies are on the mind of many. Here I briefly describe my own investment strategy which unfortunately has very little to say about the current craziness, but hopefully contains some wisdom about longer term investing. In particular the idea that you should view investing as purchasing pieces in potential futures. This may not sound particularly radical, but I argue that this change in focus from what constitutes wealth now to what constitutes wealth in the future can be profoundly illuminating.