As we’ve been taking walks through the parks and beaches of Southern California, different garden centers and nurseries such as Roger’s and Armstrong’s, I’ve been trying to catalog numerous flowers and plants that I might want to remember for future reference.
We tried pineapple teriyaki cheeseburgers and then went for a walk in Laguna Beach during sunset.
For as long as I can remember, one of my “must read” annual reports has been that of a regional bank called M&T Bank Corporation. This particular bank is legendary among investors for several reasons.
One of you suggested we try a restaurant called Din Tai Fung; specifically, their xiaolongbao. They were delicious and lived up to their reputation!
There is a Korean restaurant in irvine, California known as 도시락, or Dosirak. It sells boxed Korean lunches and they are delicious! I highly recommend it.
We decided to explore the South Coast Wilderness trails. We weren’t prepared for how spectacular they are.
Yesterday, Aaron and I completed the annual regulatory paperwork for Kennon-Green & Co. It made us reflect on our lives and careers over the past few years.
More than generation ago – all the way back in 1996 – the late Dr. Thomas J. Stanley released a book called The Millionaire Next Door that detailed how actual wealth accumulation differed from people’s incorrect assumptions. I think the formula for future generations of self-made millionaires will be slightly different.
You Cannot Understand the Rise of Wealth Inequality Without Acknowledging the Role of Interest Rates
In August of 2014, I wrote a post called Lies, Damn Lies, and Statistics. I penned it because, at the time, I was seeing a lot of situations in the media in which data was being used to push a political agenda on either the far right or the far left. I’m now seeing this same sort of deception in discussions about wealth inequality.
As many of you know, Elizabeth Warren has been getting a lot of press lately after proposing a wealth tax equal to 2.00% on fortunes above $50 million and 3.00% on fortunes above $1 billion. As an academic exercise, it’s useful to consider what that would mean for the United States.