What is FatFIRE?
Financial Independence, Retire Early (FIRE) is a movement that emphasizes early retirement, generally at the "cost" of a more frugal lifestyle (WSJ).
Although strict definitions do not exist, there are roughly three "tiers" of FIRE, depending on desired retirement spending levels:
Lifestyle spending and "cost" are inherently subjective, and "tier" does not imply that one level is better than the other. What may seem like an extravagant waste to one person may be perfectly reasonable to another. The common theme is that one is able to retire early at a level of spending that they are comfortable with.
About This Blog
The primary focus of this blog will be on investment ideas (primarily public equities), with the goal of beating the S&P 500 annualized return on a long term basis.
The name of the blog takes some inspiration from the FIRE movement because FIRE advocates and great investors share many similar traits: they are unconventional but practical in their thinking, they are not afraid to go against the crowd, and they are more concerned about intrinsic value than appearances.
However, most proponents of FIRE take a conservative approach to investment: you can't beat the market, so just put your money in an index fund and call it a day.
There is certainly nothing wrong with that approach, and for most people it is a sensible one. But, generalizing a bit, the types of people interested in FatFIRE (early retirement with more aggressive spending levels) probably got to where they are because they were entrepreneurs (or engaged in other unconventional career paths), are comfortable with risk, are highly competitive, and are stubborn (or deluded) enough to believe that they can do better than average.
I suppose I am one of those people, hence the awkward name of this blog. (At least the domain name was available)
I grew up in Los Angeles, graduated with a degree in Computer Science from the University of California at Berkeley, and was fortunate enough to start two relatively successful companies in the online travel industry. I now spend most of my time investing (and surfing).
While investing has always been a hobby of mine, I should caution that I am not an expert: my investment philosophy and methodologies are still being developed, my ideas may be terrible, and I'll undoubtedly make many mistakes along the way. You should always do your own research and formulate your own opinions. Thoughtful disagreement is welcome and encouraged.
Originally this blog was intended to be anonymous, but I've always felt that the more transparent things are, especially in the financial industry, the more they resonate with readers. It is easy to post an anonymous opinion on something, because even if you are proven wrong there is little accountability or embarrassment. It is easy to claim you've beaten the market when you change your benchmark after the fact, only brag about your successes, or selectively choose favorable time frames for comparison. Let the goals above be forever etched in stone.
I am also hopeful that by putting my real name behind my thoughts, and sharing those thoughts publicly, I will be forced to be more critical in my thinking, encouraged to learn from my mistakes, and held more accountable to my ideas (and track record).
I hope that you enjoy reading!
Credits & Disclaimers
Any personal stock positions in companies discussed will be disclosed.
Book reviews may contain affiliate links to Amazon.
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