In 1958, one of the most influential investors in history, a man by the name of Philip A. Fisher, published his masterpiece, which you can still get today. Unlike virtually all other voices in the financial markets at the time, Fisher proposed that an investor should find a handful of really high quality firms, pay…
The short version: Even if you only rarely cook at home, you need to buy this cookbook. It’s out of print but there are a few cheap copies left on the secondary market through Amazon so you might be able to get one if you hurry. The longer explanation: One of the sub-tasks in my Well…
My lunch with friends yesterday turned into a 3 to 4 hour event as we hung out at a local independent pizza parlor and discussed kids, love, True Blood, taxes, and a host of other things. The topic of poverty came up (as is inevitably bound to happen when the group includes a social worker,…
I’m a big reader. Huge. My library consists of thousands of titles, mostly all of which are non-fiction (biographies, finance, business, economics, psychology, history, ethics, etc.) If I were to reproduce it, the cost would be somewhere between $12,000 and $30,000 depending on how difficult it was to get your hands on many of the…
Given the historical importance of the book, and my decision to finally read it, my brief introduction to a few pages of Atlas Shrugged by Ayn Rand turned into an all day affair. I have some very significant reservations about the author’s stated philosophical belief system, Objectivism, but that deserves its own future essay. Suffice it to say, though she gets 70% of the equation correct by supporting free market decision making and individual liberty, I think her model of human behavior is incomplete and therefore not entirely rational and realistic when carried to its logical extreme.
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…
When it comes to diversification, you have to look at your entire life and not just your portfolio. Several years ago there was a book I really enjoyed that dealt with this topic called Are You a Stock or a Bond?: Create Your Own Pension Plan for a Secure Financial Future. It provided a valuable framework for understanding how the stability of income in your life should inform your approach to asset allocation.
