“We wanted to have a good life, not just a good job…” That’s a quote from former accountant Paul Terhorst. He and his wife Vicki both retired in 1988 at age 35. And neither was a multimillionaire. Forbes reports the couple decided to become “perpetual travelers.” That means they sold most of their possessions (they […]
Business Insider created the two-minute video below. It instructs you in the proper usage of a major appliance most of us take for granted… the refrigerator. It may seem basic, but loading the “fridge” is more complicated than you might expect. Some common mistakes—like putting milk in the door—spoil your food faster, make your refrigerator […]
In last Monday’s Daily (Dec. 1, 2014), we featured Warren Buffett’s purchase of Proctor & Gamble’s Duracell division. Battery-maker Duracell is a perennial “cash cow.” It commands 25% of the world’s battery market. It’s a classic Buffett deal: As he wrote in his 1989 letter to Berkshire Hathaway shareholders, “It’s far better to buy a […]
“Money and power corrupt, and they are color blind…” That’s what legendary NYPD cop Frank Serpico writes. You may know Serpico from the 1973 Al Pacino blockbuster that bears his name. But what you may not know is this recipient of the NYPD Medal of Honor—the department’s highest award for bravery in action—is to this […]
“Teeka, you really got this one wrong and lost subscribers a lot of money…” That’s what I was thinking. But of course I didn’t say that to Teeka during our weekly Monday morning conference call in July. Turns out that I was the one who was wrong. Before I continue, let me introduce myself. My […]
“The officer who shot and killed Hawkes did not have his lapel camera turned on…” That’s what Reason just reported in the case of former Albuquerque police (APD) officer Jeremy Dear. Dear shot and killed a 19-year-old female on April 21. It was the third fatal shooting by APD officers in a month. The department […]
GREED—As we noted in yesterday’s Daily, bullish sentiment is surging. Investors just kicked CNNMoney’s sentiment readings into the “greed zone.” Remember the warnings of super-investor Warren Buffett: Be fearful when others are greedy (and greedy when others are fearful). RED BACK—China just inked an agreement with Los Angeles to establish its first yuan clearinghouse bank […]