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I am sometimes asked how to buy shares of stock as a Christmas gift for someone, often a younger family member such as a child, grandchild, niece, nephew, godson, goddaughter, or, in a handful of cases, retired parents who could use the additional passive income. It can be a wonderful idea that teaches a lot of […]
The global benchmark for crude has collapsed an astounding 45% since the summer, with no sign that it will abate anytime soon. Historically, this is nothing. To see what a real oil crash looks like, you should read old news articles, magazine essays, and biographies to get some context. I remember $10 a barrel oil […]
Imagine that I raise $225 billion. I create a new business called Kennon Super Company, Inc. We then go out and buy seven other companies using that money, paying the current market capitalization of the public stock. A flurry of paperwork follows and, by the time it is all settled, this is what our business […]
With all of the talk of gas prices falling, I’m reminded of the situation a couple of years ago when fuel costs were on an upward trajectory. Everyone from the little old ladies at church to major economic commentators were lamenting the “record high” energy expenses. Very few people noticed that, as per the U.S. Energy Information Administration […]
Be careful of drawing mistaken conclusions based on faulty leaps. This holds true in your personal life, your portfolio, and your business. Just because one statement is true does not make another statement false; a distinction that can serve you well if you remember it. I recently read an article discussing Buffett and his methodology and […]
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