We decided to have dinner in the hotel restaurant, Elway’s, named after the eponymous NFL legend. The food was good, but nowhere near as fantastic as Bob’s Steak and Chop House at the Omni Hotel in Dallas, which I had last month. The hotel is far better managed and operated than the restaurant. The service was…
The #1 rated foodie stop in Denver, Colorado is the famous Little Man Ice Cream. Housed in a giant replica creamery urn, the ice cream is made in small batches and with natural ingredients. For every scoop of ice cream you buy, they donate a scoop of rice to impoverished nations. They have a handful…
After settling into the hotel, we decided to head over to the Denver Aquarium to check out the wildlife. There is some amazing genetic diversity on this planet. I took out my cell phone and snapped some video and pictures. This is why one of the main five categories of grants to which the Kennon…
It has taken more than 600 miles, but we are finally in Denver. I’m staying at the Ritz Carlton in downtown because it is close to everything. I was responsible for having the rooms booked this time around so I wanted to make sure my mom and grandmother were comfortable, had enough room of their…
I, my mom, my grandmother, and Aaron are taking a very long weekend. Everyone else is back at home and the four of us are doing something unusual: We are driving, round-trip, from Kansas City to Denver to Santa Fe and back in a period of only five or six days. Right now, I am going…
Voting is a big deal. In countries that have lived under brutal dictatorships, people will die for the opportunity to vote, defying militants to take to the street and cast their ballot. I love the act of voting. I’m one of those “have you voted?” people, constantly harping on people on election day to stop…
As investors, the better we understand the world, and the forces that drive it, the better the opportunity we have to generate a profit for our families or companies. To that end, if you want to understand humanity politically, economically, socially, culturally, and historically, you need to realize that all humans see the world through…
The intrinsic value of a fair bet is one in which the cost of the bet is identical to the expected after-tax, net cash payoff. For example, if you had a lottery ticket that promised a 7% chance to win $100, a fair bet would be $7.00. If you could buy the bet for significantly…
I have talked to you about ways to you can use trust funds to build wealth, and even talked to you about some of the interesting trust funds we saw in college. I recently encountered a young man who, upon turning 18 this year, found himself with a trust fund. The fund contains between $1,500,000…
In Wealth and Democracy: A Political History of the American Rich, Kevin Phillips looks at the biggest Federal income tax payers shortly after the income tax was introduced. Taxpayer Taxes in 1924 Dollars Taxes in 2012 Dollars John D. Rockefeller (oil) $6,278,000 $84,249,292 Henry Ford (autos) $2,609,000 $35,012,170 Edsel Ford (autos) $2,158,000 $28,959,856 Andrew Mellon…