At the age of 7, I decided I wanted to play baseball. I was living in beautiful Yorba Linda, California, and in my town, baseball was life. I was a little nervous as I watched games at the local ballfield because I was one of the smallest kids my age. In fact, in thinking back…
A visitor to my office asked if I thought the stock market was still a good place to invest given all its “recent volatility.” This frequent question carries with it the inference that there was once a time when the stock market was not volatile. When I first became serious about investing the Dow Jones…
One of my friends is a former fighter pilot. He loves to fly but as he got older it became clear to others that his skills were diminishing. Finally, his children made the very unpopular decision to take away the keys to his plane. He was initially very unhappy and it caused a significant amount…