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The Archimedes Lever Of Investing
Benjamin Graham lived a remarkably productive life. Besides being one of our nation’s Founding Fathers, he was a prolific author. He was also a scientist, an inventor, a printer, a postmaster, a humorist, a statesman…
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Free Lunches Seldom Exist
You are walking down a busy street with your finance professor and you notice a 100 dollar bill lying on the sidewalk. So like any normal person would do, you stoop down to pick it…
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Think Like A Seller
Say you’re looking at two investments, one pays 5% each year and the other pays 8%. What is wrong with taking the 8% one? That is what smart consumers do. And it seems like an…
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The Most Important Estate Planning Task…
The hardest part about estate planning is getting around to doing it. The second hardest part is deciding on an executor – a person you appoint to execute instructions as stipulated in your will. It is…
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The Post-Covid Times Were Wild
All investing is about cash flows, whether they be a dividend, rent or an interest payment. If there are no cash flows or never a prospect of cash flows, it is not an investment. It…
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Keeping Some Distance From Your Money
Jeff Bezos is known for his long-term mindset. When once congratulated on Amazon’s great quarterly results, he said that those numbers were already baked in with decisions made years before. He is now making decisions…
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On Tariffs
Tariffs are bad. All sane economists know they are bad. Bad for the country that imposes them, bad for the country they are being imposed on, bad for global trade, they make the world poorer,…
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The 50/30/20 Budgeting Framework
I am not into budgeting as much, not because it does not help but because it is a chore. No one likes chores. And hence the many budgeting tools we find around us that help…
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Required Minimum Distributions
The money that you have been contributing to your 401(k) plans has not been taxed yet. You have deferred the taxes that were due for years but at some point, the government wants its share.…
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Why Rules-Based Stock Picking Systems Don’t Work
During the California Gold Rush, folks who sold picks and shovels to the gold miners made more money than the miners themselves. We have all heard of AI, that incessant talk about artificial intelligence and…