There is so much going on I don’t know if I’ll have much time to read, but the sunset and great lighting, combined with reading about R.J. Reynolds today, made me grab a copy of Barbarians at the Gate: The Fall of RJR Nabisco, the book famous for chronicling the leveraged buyout that changed the…
DetailsFour Companies Control 94.8% Market Share of the Domestic Cigarette Industry in the United States On this blog, in my articles, and even in my books, I have often used the example of how capital allocation determines the wealth one ultimately has. Many times, I used the illustration of a married couple, both of whom…
DetailsHow a Holding Company Works A holding company is a special type of business that doesn’t do anything itself. Instead, it owns investments, such as stocks, bonds, mutual funds, gold, silver, real estate, art, patents, copyrights, licenses, private businesses, or virtually anything of value. The term holding company comes from the fact that the business…
DetailsIntelligence, knowledge, wisdom, discernment and good temperament are five distinct attributes a man or woman can possess. It is a common mistake to believe that they are interchangeable. They are not. Although they tend to be related, it is possible to have one without the others. How they interact with one another can determine the…
DetailsWe finally got a few of the other Carl Barks collection framed for the office walls. I’ve been meaning to get pictures up for months and finally just decided to stop and do it. I was browsing auction records tonight so it reminded me …
DetailsToday, I wanted to write new content for Investing for Beginners at About.com, a division of The New York Times, and then go through the S&P stock sheets for fun.
If you wanted to be as rich as Mr. Monopoly, how much would it take? How high would your annual income be? Your net worth? Those are the question that I pondered sitting at my desk this morning. Out of pure curiosity, I began to adjust the values of the Monopoly property rents for inflation, using the last full-year CPI figures (2009), knowing that the game was originally released in 1935.
DetailsI finished Atlas Shrugged a few hours ago. I loved it despite my not fully buying the philosophy of objectivism Ayn Rand espoused. I’ll discuss those criticisms in a future article. In nearly 1,200 pages, the single most important line to me sums up, in ten words, why I’ve been successful when so many others…
DetailsI’m going to prove that the average school teacher earns more money than Tom Cruise. No, seriously. In my article Exchange Your Best Efforts for the Best Efforts of Others, I was discussing the idea of Ayn Rand that money is a by product of virtue in a free society where no exploitation or theft…
DetailsMuch of a person’s economic worldview can be understood by answering a simple question: “Do you believe that all men, regardless of actions, behavior or character, are entitled to housing, three meals a day, health care, and retirement security?”.
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