The hardest part of investing is the ability to do nothing. That’s right, nothing. We as humans are built to make decisions all the time for survival and planning. In fact, it is estimated that a single human being makes on average approximately 35,000 decisions in a day. This number seems crazy high, but if … Read more
“If no one ever took risks Michelangelo would have painted the Sistine floor.” -Neil Simon “Take calculated risks. That is quite different from being rash.” -George S. Patton “Be brave. Take risks. Nothing can substitute experience.” -Paulo Cuelho The verb of experience is defined as “to encounter or undergo an event or occurrence.” Makes sense. … Read more
If you are an investor your worst enemy is you. We all doubt ourselves, or do things without putting in the proper work, or make impulsive decisions without a plan. Many of the professional investment books written by professionals with successful track records address this topic, since it’s the hardest aspect of investing to conquer. … Read more
In 1940 Congress created the Investment Act of 1940. This Act was essentially rules created to stave off another stock market crash like the one that happened in 1929. The Investment Act of 1940 was put in place to better regulate the investment industry. One of the provisions of the act is that it permits … Read more
I love wine. Wine is more than a drink or a beverage. It’s a journey. A story from somewhere I am not. When I taste a wine it takes me to the place where the wine was made. It creates visions of the land, the scenery, the grape vines growing, the earth of each vineyard, … Read more
In the highly successful book Rich Dad Poor Dad by Robert Kiyosaki, he discusses the traditional lifestyle choices of a family and the usual general advice given to their children of studying hard and getting good grades. They are asked to finish high school and college so they can find a good job when they … Read more
Collecting rents from the stock market is easy. Income property ownership when purchased properly, so it generates a positive cash flow, can be a solid investment that over time produces wealth and pride of ownership. Real estate is something tangible or a physical asset that can be touched and seen verses a share of stock … Read more
Investing requires the understanding of a few common components that determine the differences between businesses. These components are competitive advantage, management, cash, and margin of safety. All of these components are measurable. In other words they can be measured against other businesses or the industry the business you are evaluating operates under. Here are my … Read more