Living With Risk on Your Financial Journey

When talking about exotic places, I will jokingly mention, “I have never been there, but I know how much it costs to get there.” While the statement is not all that accurate, it does give me an opportunity to bring up my oldest daughter and her new husband’s year-long world tour. Not long after they […]

Investment Vertigo

It was 1955 and a team of Forest Service civil servants was inspecting my dad’s new creation, the air tanker. This original squadron of seven airplanes consisted of one Stearman and six N3N open cockpit biplanes that were nothing more than a skeleton of metal tubing covered with canvas. Upon looking into one of the […]

The Investment Answer

“The answers are all true,” Mike whispered to Al. Mike and I were seventh graders in Mr. Wright’s first period health class and we had just finished an exam of true/false questions. We knew the answers were all true, because we had corrected the test in class. Mr. Wright sternly warned us against divulging this […]

Think About It!

“Think about it.” It is a comment I have often heard because I tend to talk faster than I think. In this case, however, I was the one using the expression in response to a statement by my ninety-two-year-old father. We were visiting the gravesite of my mother when he became agitated and angrily remarked, […]

Success is Doing Your Best

“I don’t know. Maybe it’s magic.” That was Calvin’s answer, in one of my favorite Calvin and Hobbes comic strips, to his teacher’s question about why two plus two equals four. Calvin’s attitude toward math is similar to the mind-set of many investors, including countless fiduciary investors. However, success in mathematics, investing or any other […]

Make Prudent Choices and Don’t Blink

“Tom Delonge gave me his guitar!” From the level of excitement in her voice, I knew that my daughter considered this gift a very big deal, but I had no clue why. Looking at her Facebook page after our conversation, I started to see why she was so excited: “Hillary had the BEST weekend EVER […]