Tag: investing

I Was Right 12 Times and Only Wrong Once.


James J. Ling was one of the biggest business icons of the 1950’s and 1960’s.  He invested $2,000 in his electrical contracting business  in 1947 and by 1962 it had become the 14th largest industrial corporation in the United States.  Ling-Temco-Vought later LTV Corp. … Continue Reading “I Was Right 12 Times and Only Wrong Once.”

What Business Are You In? II


“What business am I in?” is the most important single question you can ask yourself.  If you fail to get this right you will spend time working against your customers rather than with and for them.  Not because you do wrong things, but because… Continue Reading “What Business Are You In? II”

How Much Should Gold Sell For?


J.P. Morgan is reputed to have said, “A thing is worth what it will fetch.”  That seems objective.  Nonetheless, there are two fundamental premises that underlie the statement. Those premises may alter the statement’s “meaning” for you. “What it will fetch” is a synonym… Continue Reading “How Much Should Gold Sell For?”

Liveware Fails


A computer systems designer’s view of the world is that the hardware works, the firmware works, and the software works. It is the liveware that causes the problems. It is not so different when it comes to investing. We are all, every one of… Continue Reading “Liveware Fails”

Understanding Bonds


A bond is a collection of promises. It is not strictly money but rather, it is an instrument that can be exchanged for money. Probably. Its value at some future time, when you want to change it back into money, is unknown but it… Continue Reading “Understanding Bonds”

Every Investment Provides the Same Rate of Return


True if you consider all the inputs. Like skill, access, tax treatment, time, risk and more.  You always bring more to an investment than money.  You need to know what else is there. Investment yield is a function of exchanging outputs for inputs. It… Continue Reading “Every Investment Provides the Same Rate of Return”

Simple Works


If you don’t like how the government behaves, then you should behave differently than they do.  A good place to start would be, “spend less than you earn,” and “pay down debt” Debt is a call on the future.  By itself, it adds nothing… Continue Reading “Simple Works”

The Dog That Did Not Bark


Something that did not happen can provide information. Sir Arthur Conan Doyle created Sherlock Holmes in the late 1800’s. Many of his case-breaking observations have value in other contexts. In “Silver Blaze” we see the meaning of the dog that did not bark. Many… Continue Reading “The Dog That Did Not Bark”

Business Fundamentals Should Affect How You Think


A given technique may be crucial in one business and unimportant in another. It is smart to know which ones you need to know. One of the important ones is noticing which pays better for you, – Effectiveness or Efficiency. Efficient is doing things… Continue Reading “Business Fundamentals Should Affect How You Think”

Price Cost and Value


Price and cost are not the same thing and anyone who equates them buys trouble in addition to whatever else they get. Cost is what you give.  Value is what you get.  Price is just a part of cost.  Value is what you want;… Continue Reading “Price Cost and Value”

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