Get ready to add yet another secret millionaire to your case study files. Ronald Read passed away last June at 92 years old. The Brattleboro, Vermont man, who had no college education and drove a Toyota Yaris, always made a point of living below his means. He spent many years working as a gas station attendant and…
I would argue, strongly, that an abundance of evidence shows the typical investors grossly misunderstand the mathematics of diversification and the role it can play in a well-constructed portfolio. Allow me to walk you through some examples that might provide further insight to how you should be thinking about the concept.
Butternut Squash Soup with Cinnamon Sugar Croutons When we were down in Florida, our friend, Karen, had some butternut squash puree in the refrigerator the chef, Sebastian, had left for her and Blake as he didn’t need it. She used it to make herself a butternut squash soup for lunch one day after coming back…
A college student wrote asking a question involving a conflict he had with one of his professors. The student was right. The professor was wrong.
Crown Maple Syrup from Madava Farms Should Be In Your Pantry (and a Case Study for Your Entrepreneurial Files)
After my recent semi-annual rant on the sorry condition of the maple syrup industry in the United States, which began with our discussion of the food industry polluting its products last Autumn, it should come as no surprise that, lately, we’ve been on a quest to find the ideal luxury maple syrup; honest-to-goodness, real, from-the-Earth maple tree sap with nothing else added that will become our go-to syrup for enjoying with breakfast, cooking in recipes, or using as a sugar substitute when the occasion calls for something with a different flavor profile.
Over the past couple of decades, quiet, subtle, barely-noticed changes in the methodology of the S&P 500 have resulted in the index barely resembling the one that produced the historical returns investors now seem to implicitly assume they will earn in the future.
March 3rd, 2015, is the 10th anniversary of National Pancake Day. If you head to an IHOP, you can get free pancakes. They ask, but you are not required, to make a donation to charity in lieu of paying for your meal, with the goal being to raise $3,500,000 this year for Children’s Miracle Network Hospitals.
You might want to consider bringing your own maple syrup, though. As you know, one of the few things in life that irritates me to no end is the (what I consider) stupidity of the pancake industry, which has now, in 2015, nearly completely replaced every single store brand maple syrup with “pancake” syrup instead, which is really dyed corn syrup.
When Aaron and I were at the World of Coca-Cola in Atlanta, we thought about buying our niece and nephews some gifts from the retail store but ultimately decided to give them something more valuable: Stock. We’ll make another transfer to the custodianships I setup last year, modeled partly after the one we established for my youngest sister more than a decade ago.
It is absolutely nuts to me to see this clip of Warren Buffett that was discovered. In it, he was just shy of 32 years old, roughly the same age I am now. He was completely unknown outside a tiny circle of people, though rich, wasn’t one of the richest men in the country (let alone…
On the way back from spending the week with friends, Blake and Karen, on Captiva Island, we decided to take a detour to meet up with two other old friends we don’t get to see very often, who happened to be at Walt Disney World. We were heading toward Tampa and re-routing to Orlando would only a few of hours to the trip, so we arranged to have lunch in a pub at Downtown Disney before we had to get back on the road, again.