February 8, 2012

Contemplations Over a Cup of 2 a.m. Tea

Wegmans Fruit Tart

It is just past 2 a.m. and I finished brewing a cup of Darjeeling tea.  I'm sitting here enjoying the fragrance of the leaves in the cup and it made me remember something ... During college, Aaron and I did our grocery shopping at the Wegmans on Route 1 in New Jersey.  Of course, living in the dorms for most of those years before we got an apartment off campus meant grocery shopping was more like picking up cereal, milk, coffee and snacks to eat at night or between meals in the dining … [Read more...]

An Interesting Observation from Aaron

The First Tycoon Vanderbilt

A few nights ago, Aaron and I were discussing the businesses.  I asked him what would happen if we ever had a huge, catastrophic falling out (would never happen) to the point we didn't see each other.  I inquired as to whether or not he would open an office across the hall from mine in some skyscraper and compete head to head with whatever we had been doing.  He'd certainly be rich enough to start buying assets and get into any industry he wanted. His answer surprised me and caught me … [Read more...]

The Success of the iPad Will Come Down to App Development

The iBook Store in iPad

Five days or so into my experience with the iPad and it continues to exceed expectations (by far). I've spent somewhere between $120 and $150 in the Apple iTunes App store, which compared to my previous purchases of apps (read: $0), means there is more cash flowing into Steve Jobs' coffers. The overwhelming indication continues to be that the success of the iPad will come down to the applications that software companies develop for it. We bought our iPads for business purposes. As an … [Read more...]

PPL Corporation Stock Risk Analysis

XLU components

This is a risk analysis of PPL Corporation stock for a friend of mine that was hired by the company.  Those of you who want to know how I think about risk management are perfectly welcome to read it but it is specifically targeted so I'm not sure how useful you'll find it. I've worked my way through a few hundred pages of the PPL 10K report and I already reached several conclusions. Here are my thoughts. Take them for what they are worth. They are most certainly not recommendations, just … [Read more...]

Health Care Reform Taxes Will Hit Top 1% of Households

Rich Uncle Penny Bags, aka the Monopoly Man, now has to pay Medicare taxes on dividends, interest, and real estate rental income.

I don't think there is any reasonable chance health care will be overturned as unconstitutional because it is written in such a way that you aren't technically required to buy health insurance, you will just be subject to a special excise tax if you don't. A lot of very, very expensive lawyers made sure the language would stand up to a challenge.  That may seem like a small distinction but it has the effect of requiring everyone to do it through an incentive system and doesn't actually … [Read more...]

Business Should Be Fun … If It’s Not, You’re Doing Something Wrong

Monopoly collectibles in my office

When I talk about the idea of tap dancing to work, in the words of Warren Buffett, I'm not kidding or making a joke.  You should wake up every morning and jump out of bed because you can't wait to spend your time focusing on something that makes every part of you - physically, mentally, emotionally, and spiritually - satisfied.  This is going to be different for everyone. Building a financial net worth that allows you to live any way you wish and enjoying your life are not mutually … [Read more...]