Received an Update on One of my Most Influential Clients and it Kind of Bummed Me Out

I received an email today that took me back for a moment.  Almost exactly 2 years I wrote, “My 85 Year Old Client Has Provided More Inspiration Than She’ll Ever Know” wherein I highlighted an interaction with an elderly client.  I was taken back as it is always a moment of fear that a client may… Continue Reading

Don’t Confuse Value and Sunk Costs

Yesterday, I was in the middle of “intense” negotiations regarding a fantasy football trade and I was quickly reminded about a Warren Buffett quote that is often repeated.  It was from the Berkshire Hathaway 2008 Annual Letter, Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we’re talking about… Continue Reading

Searching for Undervalued Dividend Champions – October 2014

Every month for the past few years I take the Dividend Champion list (which is defined below) and on a purely metric basis look for undervalued stocks.I use the dividend champion list for two reasons.  One, the dividend champion list includes companies that have paid an increasing dividend for the past 25+ years, and this… Continue Reading

October 2014 Net Worth Update

With the S&P down for the month, I didn’t think this was going to be a particularly good month for my net worth calculations, and I was correct.  As I mentioned last month,for the first time in years, I have some debt I have to get rid of.  I think I only mention it to… Continue Reading

Why Does it Seem Like No One is Worried about Growing Public Pension Gaps?

CNBC had an article the other day highlighting the disturbing public pension gap that is growing at an alarming rate.  While I didn’t read the study by Moody’s behind the article the statistics highlighted by CNBC are, to say the least, frightening: In less than a decade, that shortfall has tripled to at least $2 trillion—more than… Continue Reading