Where We Are On Launching the Global Asset Management Firm
After being away for more than a month, I wanted to give you a behind-the-scenes look at where we are in launching the asset management business.
DetailsAfter being away for more than a month, I wanted to give you a behind-the-scenes look at where we are in launching the asset management business.
DetailsOur Personal Project for 2016 – Addition Through Subtraction A few years ago, one of our projects involved focusing our pantry on the bare essentials; raw ingredients that could be used to make almost any recipe imaginable. At the time, I posted pictures of the early stages, which included different types of flour (bread flour,…
DetailsSenator Bernie Sanders has released his tax proposal in his bid for the Democratic nomination for the Presidency of the United States. I’ve finally made my way through it. Here are my thoughts.
DetailsAlthough it may seem like I haven’t been around much lately, reality is far different. I’ve been quietly publishing more than I have in years, it’s just hidden. Kind of. As part of the upgrades to the Investing for Beginners site that are happening, I’m putting in quite a bit of time in the midst of everything else going on, often releasing 10,000+ words per month.
DetailsBy now, you are no doubt aware that Supreme Court Justice Antonin Scalia passed away unexpectedly in his sleep. At 79 years old, in generally good health, and seemingly as sharp as ever, the news came out of nowhere.
DetailsMarket Timing, Valuation, and Systematic Purchases I have a lot of work to do but I’m sitting at my desk, the snow is on the ground outside, I have a fresh cup of coffee in front of me, and I don’t really feel like diving into my task list quite yet. This is going to…
DetailsA Night of Delicious Korean Food at Sobahn in Kansas City My youngest sister flew back from the East Coast tonight after being out there for roughly three weeks. My parents, Aaron, and I met her at the airport and then went out to a place called Sobahn, a well-rated Korean restaurant in Kansas City.…
DetailsAlmost five years ago, Tiffany & Company was glittering at time when much of the corporate world was still mired in misery from devastating losses and the implosion of Wall Street. Based on the annual report for the prior year, 2010, worldwide net sales had risen by 12% on a constant-exchange-rate basis, reaching $3,085,290,000. After-tax profits were up 39% from the year before, 2009, when the developed world had gone through the worst meltdown since the Great Depression, coming in at $368,403,000.
DetailsOne of the things that worries me from a risk management perspective is investors who don’t know what they own or their actual, real portfolio weightings. Sometimes, I’ll hear new investors say, “I own stocks” or “I own mutual funds” but neither is an answer. Those aren’t the relevant details. The real question: “In which enterprises, on what terms, and at what price has the money been invested, laid out, and exchanged?”. Much of everything else is a smokescreen serving to obfuscate reality. It’s risk-adjusted reward we’re after; reward measured in after-tax, net-of-inflation real purchasing power.
DetailsMail Bag: What Is Something That Is an Instant Deal Breaker for You? Joshua, What is a trait or behavior that is an instant deal breaker for you or that can cause you to reevaluate a person negatively? [Redacted] For better or worse, each of us is influenced to some degree by our childhoods. No…
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