Are You Experienced? On investing in memories

Cutler2013139-1-620x620It was after 17 hours – in no fewer than 10 vehicles – along a jolting, washed-out road between Thailand and Cambodia that I first appreciated some basic things about air travel. In a plane, there is no rain. There are no bags of fruit leaking unknown juices onto your backpack. There are no bruised tailbones from an entire day spent hammering over rocks and potholes. And on a plane, when you cross an international border, drinks are on the house.

I ran over this list of perks as I hung off the back of a pickup truck, watching my right foot disappear under layers of mud. My other leg was twisted underneath me, with no feeling left in it. My arms ached as I gripped a leaky plastic tarp that looked like it had been used for target practice by the Khmer Rouge. Periodically, the tarp pressed down in an inverted parachute that threatened to smother us all. Bridgit, my wife, was perched next to me, holding onto nothing but my pant leg.

Eventually we arrived in Cambodia, where our $3 room with a ceiling fan and a cold shower felt like the Ritz-Carlton on Maui. The next day, we walked around the ruins of the Angkor Kingdom.

I thought about that trip recently as Bridgit and I (now with a house in Minnesota and two daughters) sat down to look at our retirement planning. If you were an investment adviser, you would have been clicking your tongue and shaking your head. Bridgit, an accountant, clicked her tongue and shook her head.

Read the rest here.

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