Investment and consumption

When are you using capital to create more things (investment) vs. for consumption (we all need to consume a bit to be happy). When you do invest, how do you compare risk to return? Can capital include human abilities?This tutorial hodge-podge covers it all.

Risk and reward introduction

Human capital

Return on capital

Investment vs. consumption 1

Investment vs. consumption 2

Wealth destruction 1

Wealth destruction 2

Back-of-envelope office space conundrum