The world’s most famous investors share many traits, commonalities which make them legends in the world of capital allocation. The best investors are not gifted with luck, but raw talent that simply makes them better than most portfolio managers and financiers. There’s more to finance than just mathematics and numbers. Having the right mindset and framework for investment decisions goes a long way in dividing the talented from the untalented.… Continue Reading
The Importance of Health Insurance
A staggering number was recently released showing that over 20 million people ages 18-34 are without healthcare. There are many reasons as to why there are some many in this age group without health insurance. The main reasons include working part-time and therefore not being offered coverage, not being offered coverage regardless and not being able to afford coverage on your own, and pre-existing conditions.… Continue Reading
How and Where to Leverage Your Money
“When you combine ignorance and leverage, you get some pretty interesting results.” Warren Buffett
This quote is most appropriate for a discussion on leverage. Leverage amplifies both good and bad decisions, so it has to be used responsibly and only when an outcome has a very high degree of certainty.… Continue Reading
When are you ready to buy a house?
It’s the time of year where many of the 20-somethings who fall into the renting population of my pool of friends start talking about buying a house. The justifications are usually the same, regardless of the person I talk to. They want to build up equity. They want to get mortgages with low rates. They want to buy while prices are low.… Continue Reading
The Path to Becoming CEO
Whether you are still in college or are a recent graduate, you have your mind made up that you want to run a corporation one day. The only problem is, you have no idea how to become chief executive officer (CEO) of a company. While you can look at current and former famous CEO’s, you will only find a few similarities between them all. This is because there is no set path for one to become CEO. Rather, you need to have certain qualities and experiences so that you can increase your odds of becoming a CEO one day.… Continue Reading
How I Would Invest $1,000,000
As I held my Powerball ticket between my fingers I pondered what I would do with so much money. Of course, I didn’t win the most recent mega jackpot of $590 million, so the plans in my head haven’t exactly come to fruition. Fortunes don’t have to be in the hundreds of millions of dollars. What about a cool million bucks? What would I do with that kind of money? This promises to be a fun thought exercise.… Continue Reading
Families are Better Off When Women are the Breadwinners?
According to a recent study by Pew Social Trends, the median income for a family with a woman breadwinner is higher than that of families with a male breadwinner. However, it’s better to be a breadwinner than have no breadwinner at all. Families where husband and wife tied in income had over 10 percent less in family income.… Continue Reading
