In 2007 I learned a valuable lesson from a dear friend who was running a successful business. Like most businesses, the growth of his company always preceded the revenue and so it was necessary for my friend to use credit as a funding mechanism. Lines of credit also helped him smooth out cash flow as…
In 1897 the New York Sun responded to young Virginia O’Hanlon’s simple question about Santa Claus. She had heard conflicting opinions on the issue of Santa Claus but her Papa had assured her that she could find the truth by asking the paper because, ‘If you see it in The Sun, it’s so.’ The response to…
The holiday season is a time when I meet with people to discuss their dreams, and their fears, for the coming year. They often ask why I am optimistic when there is so much to be worried about. Am I blind to the world around me or do I know something they don’t know? Author…
I had an interesting visit with a younger investor this week regarding a particular cryptocurrency. Our office does not offer, nor make recommendations on cryptocurrency investments, but I will share this story for educational purposes only. The young man wanted to buy a certain coin that all of his friends were recommending to him. It…
I had the opportunity a few years ago to drive a high-powered race car. At one point in the experience, cones were set up in an obstacle course with sprinklers creating slick conditions at many of the turns. It was a fun but frustrating experience, racing against the clock while trying not to spin out…
A contractor friend was telling me his employees’ wages have almost doubled in the past year. I asked if they were taking advantage of the windfall and setting aside money for a future slow down. He laughed and said that despite record wages, just as many were asking for Holiday advances on their paycheck as…