I happened to start reading Atlas Shrugged by Ayn Rand today, inspired in part by Joe Woodhull’s recent undertaking of it. [mainbodyad]Back in 2004, I picked up a copy in Rehoboth Beach when Aaron, Jocelyn and I went to visit a mutual acquaintance of ours and hang around Washington, D.C., the Chesapeake Bay, etc. It was a…
DetailsPardon me while I get my Japanese RPG geek on for a moment … the Square-Enix store in Japan has a showcase of their masterpiece line of rare collectibles, such as $400+ replica 1/4″ scale models of Sephiroth from Final Fantasy VII and Kingdom Hearts characters. With cool stuff like this – who cares about…
DetailsSam Walton’s heirs have an estimated net worth of more than $90 billion. To put that into perspective, the Walton family is as rich as Bill Gates and Warren buffet combined. Virtually all of this wealth came from Wal-Mart Stores, Inc., the publicly traded company that operates as the world’s largest retailer, bringing in a…
DetailsWhen you hear the name Bill Gates, what do you think? Microsoft. At least, that is what comes to mind for most people. It makes sense. After all, Bill Gates owns 620,973,551 shares of Microsoft. At today’s market price of $24.38 per share, this puts the pre-tax value of his holdings in the software giant…
DetailsAn Example of Why a Free Press Is Vital to the Lifeblood of a Free Nation Imagine you go to the doctor. He discovers that you have a deadly disease that will cause you great physical harm if left untreated and, ultimately, an early death. Your brain will begin to degenerate and, eventually, your heart…
DetailsThe most important part of success in life is: Get Started. Too many people wait until things are “perfect” or until they are completely confident in themselves. They are paralyzed by fear. They worry about the judgment of others; about public embarrassment if they fail. Don’t. Set your sight on your future and what you…
DetailsDue to our disciplined value investing philosophy, coupled with our insistence upon diversification of income and assets, we haven’t experienced a lot of big losses. When we do, we try and study what went wrong so we can understand if there was a structural problem or a blind spot in our mental cognition that should be avoided in the future. We never want to have to “return to Go” in Monopoly terms. That is just intelligent portfolio management.
DetailsOver at Above the Law, Elie Mystal wrote an article called “Earning $250,000 Does Not Make You Rich, Not In My Town” … even though that income level means earning more than 97 out of every 100 households in the United States.
DetailsToday, I was sitting at the dining room table, drinking a cup of coffee wearing the Brooks Brothers pajamas I picked up on my birthday a few days ago, and watching the stock market skyrocket when it occurred to me that, given the secret project and some other things going on at the business, I want to build some cash and bond reserves at one of the individual operating companies; maybe put aside money a little at a time, let it build and do something fun with it three or four years from now, like design and build a row of townhouses or whatever.
DetailsThere was an article three weeks ago in The New York Times that began with the following paragraph: Nobody likes unpleasant surprises, but when Allison Brooke Eastman’s fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days.…
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