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Antifragile. The Book.

Saturday, September 21st, 2013, by

There are maybe two people who have figured out the direction of our global economy.  One is George Gilder, who wrote the groundbreaking “Wealth and Poverty” some thirty years ago, and has recently published his opus “Knowledge and Power”.  His newest book will be the subject of a future post, once I’ve finished it.  But […]

The Three Legged Stool: Version 2.0

Saturday, August 31st, 2013, by

Here’s an ancient rhubarb that we once learned about our ultimate retirement funding. The three legged stool. For those of you too young to remember, the three legs of the stool were: a.  Social Security b.  Your defined benefit pension payment, from your thirty plus years of employment with the same benevolent employer. c  Your […]

Poor Charlie’s Almanack

Saturday, August 10th, 2013, by

It seems that my reading queue tends to run in cycles. For fiction, I’m now deep into the works of Larry McMurtry (Lonesome Dove…and many, many others).  No one else seems to have such a deft touch in describing Texas, in both historic and contemporary terms. And for non fiction, I’ve taken on the task […]

Detroit’s Bankruptcy: The Harvest from the Excess of the New Deal

Saturday, July 27th, 2013, by

I’ve long touted the benefits of the streaming Netflix service…all those online movies and documentaries.  One you will want to add to your list is “Detroipia” a clear eyed look at the decline and fall of one of America’s formerly great cities. I’ve been sifting through all the editorials written about the recent bankrupcty filing, […]

Learning from your Mentor’s Mentors

Saturday, July 13th, 2013, by

I make it a point to read everything I can find that is written by and about Warren Buffett. The purpose is not to amass a $50 billion net worth as he did.  His talent is rare and unique.  But there is no harm in emulating what he accomplished on a more modest scale. What […]

The Wealth Secret That Hides In Plain Sight

Saturday, June 22nd, 2013, by

As investors, we must have a built in bias to take anything that is simple at its core and mold it into something complex and expensive. What brings this to mind is a recent appointment with my newest wealth management clients, a professional couple who have done an admirable job of living within and below […]

Too Big To Fail: The Movie That Got It Right

Saturday, June 15th, 2013, by

I’m not the movie enthusiast I used to be…but then again…the movies are not what they used to be either. These days, I’m pretty content to see what Turner Classic Movies has lined up on its queue, and failing that there is always the vast Netflix online library. But there is one recent offering that […]

Taking the Plunge After Cutting the Cord

Monday, May 27th, 2013, by

This holiday weekend has me thinking about the vastly different world we are passing on to our children and grandchildren. The question that was asked of young men in my generation was…”what branch of the military did you serve in?”.  Since the draft was abolished forty years ago, the question has no real meaning today.  […]