Becky and I are familiar with the Island Creek success story because good friends of ours live in Duxbury, MA and hang-out with the founder and CEO Skip Bennett. If you like oysters, then you’ll love Island Creek Oysters. What’s great about Skip’s incredible story is that it was his desire for independence that drove […]
Investing
For Amazon and Bezos, the Sky Is Not the Limit
Amazon’s Jeff Bezos is committed to what Jeff calls Kaizen, the Japanese business philosophy of continuous improvement. Read here from Wired magazine how Bezos hopes to get stuff to us all more quickly and cheaply through the use of drones. “Nineteen years ago, I drove the Amazon packages to the post office every evening in […]
As Rich as Bill Gates
What do Bill Gates, Warren Buffett and Paul Krugman have in common? Higher taxes for you. Mr. Gates believes that when tax rates are below 50 percent there’s room for additional taxation. That’s just great. As long as they’ve made their money, right? Rolling Stone interview: Rolling Stone: Let’s talk about income inequality, which economist Paul Krugman […]
It’s Never too Early to Retire
Controlling what you spend has some benefits. Forbes talked to two extreme early retirees and developed a three step process that could work if you don’t mind forgoing some of the finer things. Here’s the three-step process Fisker, Mr. Money Mustache and others recommend to pull it off: 1. Embrace a very frugal lifestyle. That means cutting back […]
The Rich Man
Your approach to this market needs to be like that of my favored prognosticator: the rich man. You see the rich man, as Dow theory legend Richard Russell says, doesn’t need the markets. RULE 3: RICH MAN, POOR MAN: In the investment world the wealthy investor has one major advantage over the little guy, the stock […]
Public Pension Madness
Alternative investments or hedge funds line the pockets of the well connected, not the public sector retirees that invest in them. Politicians like alt investments because they connect them with the monied class. I like the idea of investing public sector pension money in risk free Treasuries. But the Federal Reserve’s zero percent interest rate […]
Personal and Banking Safety in Monaco
If you have accumulated some wealth, after a long lifetime of hard work, you are no doubt interested in securing your financial future. I have long found it prudent to broadly diversify financial and real estate assets. A year or so ago, Debbie and I traveled to Switzerland in the hope—small though it was—of being […]
Moneyball is Back
One of the great books on investing is not about investing in stocks. It’s about investing in baseball players. The now well-known strategy discussed in Michael Lewis’ Moneyball tells how A’s GM Billy Beane created an edge by using statistics overlooked by other managers. The league has since caught up to Beane but there may […]
Investing to Win the War
In my close to 20 years working with investors I have found gauging one’s risk tolerance is more art than science. There are models galore that will give you an “appropriate” allocation for your age, income needs etc. But often times that’s thrown out the window when times get tough. And tough they have gotten, for […]
Dateline Russia: Stocks Down 11% Ruble Falls to All Time Low
Here The Wall Street Journal stipulates that Russia’s soft underbelly is its economic reliance on Europe. But this late in the winter its favored “natural gas diplomacy” won’t have much effect because Ukraine and the other European nations already have enough supplies to get to Spring. Russia’s Micex stock index fell 11% on Monday and […]
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