Category Archives: Personal Finance

Studying History Doesn’t Help Much


Beware of studying events where you observe only the survivors. Continue reading

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Why Simple Doesn’t Sell


“Life is really simple, but we insist on making it complicated.” Confucious Continue reading

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What Can You Control?


Spend your time working on things you can control or at least influence. Most investment variables are outside that list. Continue reading

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Publicly Traded Companies Have Two Values


Mister Market generates prices that may not make sense. Use that to your advantage. Continue reading

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Natural Franchises


Businesses that generate free cash flow survive. Income is, at best, a faint indicator. You retirement plan works the same way. Continue reading

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Experts Are Often Narrow


Never lose sight of the big picture Continue reading

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Manage On the Margins


Make decisions based on marginal productivity. Continue reading

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