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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 […]

The Inefficiencies of the Efficient Markey Theory

Saturday, May 18th, 2013, by

The Nobel Prize committee may be having second thoughts on all the prizes awarded to economists these past several decades. And while we are on the topic, let’s remember that there are Nobel Prizes awarded in areas where scientific discovery is justified. I’m thinking of the prizes in medicine, physics and mathematics. But then we […]

The End of the Active Managed Mutual Fund: It’s About Time!

Tuesday, February 12th, 2013, by

For investors today, it’s almost unimaginable to contemplate the investment landscape that we faced just four decades ago. Brokerage commissions had not yet been deregulated.  There was an iron clad cartel among the major brokerage firms that burdened small investors with commissions of several hundred dollars for even routine trades, compared with the abundance of […]

Taxes Going Forward: It Could Have Been Much Worse

Saturday, January 12th, 2013, by

I’ve held off on commenting on the fumbling and stumbling New Years day resolution on taxes, until I could reconcile my conflicting reactions. Like any sensible person, I am appalled at the unwillingness to even address the spending side of the equation.  We are smiling on the way to an eventual apocalypse.  Each year that […]