You have read here about the power of compounding, and patience. Both are functions of time. Warren Buffett calls investing over a long time horizon the "Methuselah Technique." Jason Zweig reports in the Wall Street Journal: This Sunday, Warren Buffett turns 90. The chairman of Berkshire Hathaway Inc. BRK.B -0.18% is one of the most successful investors of all time, having amassed a net worth estimated at $82 billion. Yet he accrued nearly 90% of that sum after the age of 65. Investing well is important, but investing well for a long time matters even more. “I’ve long recommended,” … [Read more...]
Trump 2020 Fireworks Light Up the Night
Now that’s how you do fireworks. As “Trump 2020” lit up the Washington Monument last night after an excellent speech by the President, it was hard not to sit there in awe and think about the decision facing Americans in November. It’s simple. You have a fighter who will continue to build upon a career of building things vs. a 47-year career politician who hasn’t built a thing and sits in his basement while cities are looted and burned to the ground. In Trump, you have an American can-do attitude that will Keep America Great vs. the cancel culture that will erase our past and welcome in … [Read more...]
Your Best Asset is What You Bring to the Table
Literally. You are the best asset you've got. Are you a farmer who can grow a crop of corn or tomatoes? Are you a skilled mechanic who could help neighbors repair their machines? The skills and production you bring to your community are what pay for your meals, home, and everything else. The money you use to make the transactions is just a means of transferring those skills to others. You've probably read about the current coin shortage in America. While that's inconvenient, businesses have been finding ways around it by using electronic payments or simply rounding to the nearest … [Read more...]
SEC Cracks the Floodgates to New Hedge Fund Investors
You may already be an "accredited investor," with more than $1 million in net assets (excluding your home) or $200,000 in annual income. If so, you've long had the ability to invest in hedge funds, where you get the privilege of paying the managers 20% of your profits and 2% of your assets. But now, the SEC is allowing many more Americans to play at the hedge fund casino. Paul Kiernan reports in The Wall Street Journal: The Securities and Exchange Commission deemed more investors capable of navigating the opaque world of leveraged buyouts, hedge funds and startups, a decision likely to … [Read more...]
Kristi Noem: Hard Working Americans Left to Fend for Themselves in Blue Cities
Governor Kristi Noem spoke last night at the Republican National Committee. She told viewers that President Trump was working for the common American against the elites who would seek to rule the country. Noem listed ways in which Trump has worked to protect Americans' constitutional rights, and has protected Americans from the mobs currently on the loose in blue cities. President Trump is the only presidential candidate talking about restoring law and order in America's cities. Democrats like Joe Biden won't even acknowledge that terrorist groups like Antifa exist, let alone that they … [Read more...]
Nicholas Sandmann: The Simple Act of Putting on a Red Hat
You may have heard of Nicholas Sandmann, a young boy from Kentucky who attended the Right to Life rally in Washington D.C. with other members of his Catholic school. After the rally, Sandmann bought a red "Make America Great Again" hat, thinking nothing of such a simple act. Then, he was ambushed by professional D.C. activists, who filmed his awkward high school reaction, and turned him into a "poster boy" for the far right. Sandmann's reputation was immediately attacked by what he referred to correctly as "the full war machine of the mainstream media." They called him names and … [Read more...]
Kudlow: This is No Time for Joe Biden’s $4 Trillion Tax Hike
I always love Larry Kudlow’s enthusiasm and can-do attitude. It’s the spirit for what our economy is built upon. Kudlow knows there's a fine line between success and failure, and that it's freedom that makes the difference. Before the unpredictable China virus hit American shores, Larry Kudlow had helped Donald Trump craft an economic policy that had driven unemployment levels to near record lows (see my chart below). In a speech to the Republican National Convention last night, Kudlow promised more tax cuts and regulatory rollback in Trump's second term. He specified: Payroll … [Read more...]
Investors Facing Long-Awaited ETF Industry Shakeout
You have probably invested at some point in ETFs or ETNs. The exchange-traded investments have thrived for decades now as a lower-cost and more efficient alternative to mutual funds. But after years of huge fund companies issuing new ETFs and ETNs by just throwing products at the wall to see what stuck, the industry is shaking out. The Wall Street Journal reports that this year alone 188 exchange-traded products have been shut down. Michael Wursthorn writes: Asset managers have closed more exchange-traded products than they have launched this year, a sign of how market gyrations have … [Read more...]
Sen. Tim Scott: President Trump Built the Most Inclusive Economy Ever
Last night, Sen. Tim Scott, (R-SC), reminded viewers of the Republican National Convention about where the country has been, and how much progress has been made. He also reminded those watching about President Trump's success in creating jobs for Americans before the China virus hit. I especially enjoyed Scott's memory of learning from his mentor about business and opportunity while he was young. He said "The next year I met my mentor, John Moniz...a Chick Fil-a operator. John saw something in me that I could not see in myself, and started teaching me valuable lessons in life... Like, … [Read more...]
Proud to be an American: Pro-Trump Parade Turns Rhode Island Red
For a few precious hours Sunday, hundreds of boats gathered under the Newport, RI bridge to begin a massive Pro-Trump boat parade to celebrate our love for country and concern for where it’s going. As we powered up the bay, sounding our horns, waving flags, and simply enjoying the flotilla, we were fired up in anticipation of seeing the crowds at Colt State Park. Thousands lined the shore waving flags and cheering as the parade went by. You felt the love for your fellow Americans. It was a special day for my family and for all of those who turned out in Rhode Island: a day to be proud to … [Read more...]
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