Brent Esplin

My Top 10 Posts of 2014

Here are links to my top 10 posts for 2014.  If you are a regular reader, thanks for your support and I hope I was able to help you improve your personal financial situation in 2014.  If you are not a regular reader, take a look at what you missed and join us for 2015.  There…

Investing News That’s Too Good To Be True

“The great paradox of this remarkable age is that the more complex the world around us becomes, the more simplicity we must seek in order to realize our financial goals.  Never underrate either the majesty of simplicity or its proven effectiveness as a long-term strategy for productive investing.  Simplicity, indeed, is the master key to…

Investment Costs Matter (Part IV): The Parable of the Leaky Bucket

I grew up before computers, video games, the internet, i-Pods, i-Tunes, i-Phones, i-Pads, Facebook, and Twitter. Back then people had to entertain themselves and one way this was done was through sing-a-longs.  When I was a kid many community and church gatherings had sing-a-longs and one song that was often sung was a silly old…

It All Started With a Handful of Powdered Drink Mix: Entrepreneurs See Opportunities Others Miss

My father, Kent Esplin, was an entrepreneur. The word wasn’t much in style in his day, and I never heard him refer to himself as an entrepreneur, or even say the word.  Nevertheless, my father was an entrepreneur.  He grew up in Southern Utah during the Great Depression. His family lost their sheep ranch near…

Investment Costs Matter (Part III): Looking at Investment Costs from the Proper Perspective Changes Everything

Understanding the importance of investment costs requires understanding the difference between a percentage point and the percent that something is to a whole. My wonderful wife Alice and I learned this lesson in an unforgettable way recently when dealing with something far more important than investing.  In July Alice was diagnosed with breast cancer. It…

Investment Costs Matter (Part I): John Bogle, Vanguard, and the Cost Matters Hypothesis

An Investor with minimal curiosity will learn that the shortest and surest route to top-quartile performance is bottom-quartile expenses. – John C. Bogle, Vanguard founder and index fund pioneer The efficient market hypothesis (EMH) states that capital markets are highly efficient, and that any new information about a company’s stock is almost immediately reflected in…