DON’T REPEAT PAINFUL HISTORY

When the recession of 2007 hit, one of the harsh realities that struck many Americans was that they had been living beyond their means, buying houses and luxuries they could only barely afford, and setting aside very little for an emergency. As the economy stalled, businesses cut back and jobs were lost, people were unable…

QUESTION “WHY” WITH YOUR INVESTMENTS.

When my daughter Jaimee came into my office some years back and announced her decision to join the Marines, my first response was, “Why? Why the military? Why the Marines? Why not the Air Force? And why leave such a nice opportunity here at the family business?” But Jaimee had always wanted to do something…

THE RISKS AND REWARDS OF CREATIVE DESTRUCTION

I stumbled across some old boxes from my investment days dating back to the early 80’s. I found dozens of notebooks on which I had written down my daily market trades. Every page was filled with stock ticker symbols and pricing, as well as the financial results of each transaction. I smiled as I remembered…