Highly productive people tend to have several characteristics and traits in common, including focus, drive, and ambition. What causes them?
The word “franchise” is used to describe an arrangement in which one business, the franchisor, allows another business, the franchisee, to use its name, trademarks, trade secrets, intellectual property, branding, operating systems, and internal support resources in a specific geographic area, sometimes with an exclusivity provision that guarantees no other franchises will be granted within a specific buffer zone so the franchisees aren’t cannibalizing sales from each other, in exchange for some sort of payment.
Benjamin Graham once wisely observed that more money has been lost by investors “reaching for yield” than stolen at the barrel-end of a gun. During periods of anemic interest rates on fixed-income securities, bank deposits, and cash equivalents, a combination of impatience, action bias, and desperation causes savers to do what they would otherwise consider extraordinarily foolish.
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.
Our 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,…
Senator 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.
Although 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.
By 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.
Market 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…
A 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.…