The Best Recipes in the World Have Only a Few Ingredients
I was so excited to try my first Tony Gemignani creation, I arrived early. Rather than take the menu I was handed, I eagerly asked for “...
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The Incredible Shrinking Market
What you are looking at here is perhaps the most unasked question about the Stock Market, from our quiet perch of objective data. While...
WHOA...what if there isn't a Safe Withdrawal Rate?
The safe withdrawal rate of 4% keeps leading to more challenging questions than long-lasting answers, and new versions keep changing...
Solving A Bank Heist: Follow The Money
There were ten security cameras perched above the bank teller’s window. A customer in a black coat walked up to the only banker left in...
Energy Smuggling Good
This will be the least popular idea I have shared in almost three decades of stock research. As always, I have no idea what will happen...
5 Questions to Ask an Investment Advisor Before Hiring Them
Any of your questions should be fair game, ask them all. The questions here have a little extra bite in them based on our experience over...
Financial Planning for Your Freedom Day
Most people are told they need to plan for retirement, but wonder what size their accounts need to be at what age. Then they spend years...
Yielding Better Results
Dividend Growth & March Madness
Dividend Growth: The Mikan Drill for Retirement Income
The arc of complex data analysis surrounding any question now is expanding so fast that I wonder if we are ending up farther away from...
Uncommon Dividends of batting .285
How does a kid who never made it past the 8th grade become one of the world’s most quoted philosophers, on a variety of complex subjects?...
No Moat Is Safe
My first memories of what a giant moat must feel like, was as a little kid in the early 1980s watching the Georgetown Hoyas defend the...
Capitalism’s Greatest Dividend Is Solving Problems
Robert Johnson was on his way to vacation and struck up a conversation with a railroad doctor on the train. Johnson was told about the...
Levered Work, Balanced Sheets
“ Just meet me at Buck’s, and we can talk about it ,” he told me. I did not know where, or what that was. I had never been to Woodside,...
JOMO
He smiled, after working hard all day for a little extra savings to invest. At month end, he always employs those few dollars to start...
Paradox Of Paper
The stated goal of this group of investors was to be “tops” in the business of “change-makers.” They were four brothers, and sons of an...
The Most Underrated Investor
Let’s start with the so-called “smart money.” Big institutions used to have better access to company data, to make their forecasts....
Confessions Of A Digital Dinosaur: Esports Potential Is Enormous. What Else Is Going On There?!
I had to see this place with my own eyes. The first university from a Power 5 conference to offer esports scholarships was the University...
Incredible H.U.L.K.
My kids know the supper table is my favorite place in the world. WE have grown up there, together. I love good food, but I am there for...
The Genius Of Not Knowing
After Hurricane Andrew in 1992, Warren Buffett said “ It’s only after the tide goes out that you learn who’s been swimming naked .” He...
Digging Moats
A very popular investment question about a business is – how big is the moat? The size of an advantage from competitors is important. A...
MORE’s Law: Technology’s Greatest App Will Be Science
There is so much more I don’t know now than when I started as a portfolio manager twenty-four years ago. I don’t wrestle with this fact,...
The Other Side
I will never forget one phone call at the peak of mounting fears about the economy during the pandemic. It was my hero, who had no time...
Who’s In Your Headset?
We all know that better and better data is more available, and where to find it, on anything. Any lead in analytics that a team has in...
Top None Percent
I love a peanut butter and jelly sandwich. My kids are not allowed to take one to school. Fast food delivery apps are welcome. Parents...
GRINdexing
“ Everything you need to know will become apparent at that time. ” Would you join a club with only that explanation for potential new...
150-Year Old Startup
Almost two hundred years ago, there was a Jewish kid named Marcus living in Germany who loved math. His family did not have much money,...
4,000-To-1 Long Shot
How many families have at least one kid who would like to shoot the basketball like Stephen Curry? How many have an adult with financial...
My Favorite Fiduciary
There are books, documentaries, movies, and even more dreams about climbing Mount Everest – the one in Nature and in the Stock Market....
Math Madness
“ My team is on the floor .” -Norman Dale My wife knows if I’m up late at night, attracted to a new friend online, she can roll over with...
An Old Fashioned Idea For A $5 Trillion Misunderstanding
American Express began as a delivery company in 1850, pioneering “mailbox money” in more than one way. The upstart U.S. postal system...
12 Days Of Picksmas
The Stock Market has been going down. Do not get confused, whatever it is called – correction or bear or anything in between. Stocks go...
How Much Is Enough?
He is profoundly successful by many financial measurements. Annual earnings place him inside the top 0.01% of the world by that ranking....
Am I Going To Be Okay?
I started my career in the mail-room of a Wall Street firm. The dirtiest job I had was to load the brokers’ gunpowder for presentation...
Sell Discipline
Dick Fosbury was the first to high-jump backwards in the Olympics. The story of his jumps and falls, is amazing. Originally, he failed to...
Adventure Capital
“Keep close to Nature’s heart. Break clear away once in a while and climb a mountain or spend a week in the woods. Wash your spirit...
The Unfair Advantage Of Discomfort
I counted sixty-four of the latest Forbes 400 who dropped out of college, or never went. That group had an average individual net worth...
Driving Around The Change Machine
Investors are driven by change. Passive investors steer around allocations to avoid instincts. Aggressive investors speed toward...
Never Imagined I’d Underestimate Esports Again – Then This Happened…
Did you see the ticket holder who checked himself into the game right before Lebron’s buzzer beater last week? Yup, he walked right out...
Confessions Of A Digital Dinosaur: Esports Is The Next Great Traditional Sport
Nobody decides what is going to become a great tradition, they happen. The best things that last longest require little convincing....
Mailbox Dividend Math
I noticed a few things while reviewing the 22,000 Dow points the Stock Market traveled in only one week. I keep a diary at the conclusion...
The G.O.A.T.
I have made a Super Bowl prediction every year since 2007 when I began keeping track of an obscure data point that should be a prop bet,...
Game UN-Changers
Opinions are flying around the Stock Market, and guesses crash into forecasts. Our hyper-connected world is changing so fast I wonder if...
Money Does Grow On Trees
The average cost of a real Christmas tree has doubled over the past ten years. When capitalism crosses over into parenting projects, I...
Two’s Are Now Underestimated – The Mikan Drill For Stocks
George Mikan was the very first superstar of the NBA. He was the key to the league even surviving before it could thrive. Making him one...
Delivering On The 300-Hour Rule
This is a story for some of the hi-tech hot shots sitting around trying to come up with the next Google idea, surrounded by empty pizza...
Summer Jobs: The Advantage Of Discomfort And Disruption
The most successful venture capitalist says he will not back anybody unless he sees at least one specific item on their resume – “a...
Take The Longcut
“If I turned left, I knew exactly what it looks like on the way back home. I had never seen where the other road goes,” he said with his...
Globe Trotting Curiosity
We found undervalued tickets by looking through a wider lens at teams/markets loaded with talent just joining the league of capitalism.
Secrets of the Merely Wealthy
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