OK, uninformed is a bit reckless. We don’t mean uninformed in the literal sense. We’re speaking relatively. What we really mean is that advice from people outside of the fields of business, investing and economics is rather helpful when making decisions that have business, economic and societal impacts. In this spirit we queried folks working [...]
Nice article from Barry Ritholtz about the importance of a basic financial education, why we're so bad at providing it and what can be done to improve the situation.
Fantastic Josh Brown blog post. Read. Enjoy. Learn.
Who likes a visit to the doctor’s office? Exactly. In a recent survey conducted by The Harris Poll Americans likened financial planning to a medical exam. Adults aged 18+ were asked how they feel about financial planning. The #1 answer was “not my favorite thing in the world but know it needs to get done [...]
It’s a wonderfully perfect inverse relationship. The world is getting better yet we feel it’s getting worse. Need proof? The world is getting better: We think it’s getting worse: Young people are even better at thinking things are getting worse: What’s the deal? In the past societies have made [...]
The optimist expects good outcomes. He’s often disappointed. The pessimist expects the worst. He’s pegged as a doom and gloomer. The realist doesn’t have expectations. He keeps on open mind. Who’s right? No one. But who’s happiest? The realist. Why? Let’s have a look. We like to plan for the future. We like order – [...]
In a world where many seek a shortcut and aim to do what others are doing DoubleLine’s Jeff Gundlach offers some rather simple yet powerful advice in this Forbes interview: Patience is the most important thing... Things take longer to develop and longer to tip over. Weird situations can be held together much longer than [...]
In our instant gratification world it’s important to learn lessons (and there are sooooo many) that teach us what we already know but are quick to dismiss: slow and steady wins the race – always!
It’s easy to form habits. Some are good like brushing our teeth or exercising. Some not so much like smoking or being rude to others. To counteract habits we have to be break patterns - be deliberate and change how we think for how we view what is happening around us is arguably more important [...]
A Limited Liability Company (or its cousin the S-Corp) can be a valuable tool for protecting personal assets by separating the entity from its owners for both tax and legal purposes. In doing so a “corporate veil” is created. But just like a properly-insured driver can’t drive with impunity and reckless abandon so too must [...]