The salvation of our economy is not the money being shoveled out the door by our feckless government.
And it’s not the politically well connected banks and declining legacy businesses scooping up all this ill-begotten money.
No. Our dynamism is a function of the vast constellation of small, entrepreneurial, family owned businesses.
This is the well that produces […]

You have no doubt heard the old maxim:
“Shirtsleeves to shirtsleeves in three generations…”
This should not come as a big surprise to anyone who studies family dynamics.  The penniless immigrant scratches out a marginal existence so that the next generation can earn intellectual capital and go on to create substantial wealth.
So that the third generation can […]

This was a bit of a surprise, since I thought I had missed the deadline and only just found out that we were published on this past week’s Carnival of Personal Finance - Edition #199. Our post on “Individual Development Accounts“made the cut, along with dozens of other great articles and blog postings.
Here are a […]

The latest….from the class warfare front.
It’s policy now.  For single incomes above $200,000,  or couples above $250,000—taxes will rise steadily.  Not just taxes, but also a corresponding reduction in exemptions and other write-offs.
Most notoriously, the sacrosanct mortgage interest deduction will be under attack, with those in the 35% and 39% brackets only allowed to deduct […]

More evidence emerges daily that the big guys also got wrong-footed in the recent decline.
Not Just the Little Guys This Time
The list would include fabled investor David Bonderman, and his Texas Pacific Group that earlier this year plunked down $1.35 billion into Washington Mutual.
This sank without a trace after the equity holders were wiped out, […]

Choose from the above menu.
But don’t overreach.
Never All Three at the Same Time
Its tough for anyone in our want it all, do it all, culture to make hard choices.
Back in the day, the operative rule was you could easily have one out of three, and if you were lucky…two.
And someday the rule may come back […]

Dear Readers -
In honor of Blog Action day, today’s entry is written around the theme of “Poverty” - a good reflection for a blog that’s usually all about wealth management. Today thousands of bloggers will be discussing the issue of poverty to raise awareness and initiate action.
What Passes for “Charity” These Days
How did […]

Attention must be paid.
Specifically, pay close attention to how Warren Buffet is profiting from the financial turmoil.
It’s not the first iteration of this strategy. The Rochschild banking dynasty patriarch said that the time to buy is when there is blood in the streets.
From Goldman to GE
Close on the heals of his $5 billion investment […]