“If… I could have adopted Joe as my father, I would have.” So says investment legend Warren Buffett… about an investor you’ve never heard of before. This humble man turned $11 million in 1968 into more than $1 billion by 2000. He did this as the investment director for a tiny liberal arts school in […]
From Mark Ford in the Wealth Builders Club: If you’re tempted to start a business in a field you have never worked in, be aware that much of what you do in the beginning will likely be wrong. Ask yourself if you have the resources—human, capital, and emotional—to push the business forward after you suffer […]
“Let’s get one thing clear: The economy is never truly coming back…” Unless, says Jim Clifton, CEO of Gallup, we reverse the life cycle trends of American business. The company’s recent research shows entrepreneurship is declining for the first time since the government began measuring it over 35 years ago. Since 2008, about 400,000 new […]
Mark just sent me this note… Not infrequently, when someone hears I have a black belt in Brazilian jiu jitsu, they say one of two things: “I’m a lover, not a fighter.” Or, “I’m not worried about defending myself. I carry a gun.” It’s a very odd reaction, one that sounds defensive—as if the […]
The piece below is from the Wealth Builders Club’s “Debt and Credit Solutions” series. In it, Managing Editor Linsdey Hough shares the foundations of the “spending pyramid.” Use this simple tool to get an immediate handle on out-of-control spending habits… Let’s move in close and get a good look at your individual purchases. How […]
From Grant Wasylik, chief analyst, The Palm Beach Letter: That is, review the “Periodic Table of Investment Returns”… This is something I do at the beginning of each year. I’ve been doing it every year for more than 10 years. Who is Callan? And why do I do this? Callan Associates Inc. has been around for over […]
Once in a great while… an accidental, unscripted TV moment yields incredible insight. This happened in a recent Bloomberg news clip. Four “talking heads” discussed the effectiveness of global central bank interventions. Then, out of nowhere, the show’s hostess mentioned the 1920-21 depression. That’s right… in 1920, the U.S. entered a sharp 18-month depression. And […]