If you want to take volatility out of your portfolio, check it less often. –Ronald H. Muhlenkamp, American investor and businessman I am not a “dog person.” I didn’t grow up with dogs and as an adult I didn’t have any desire to own one. My wife, Alice, and I agreed on this. However, we didn’t…
Some investors tend to avoid risk when it comes to their investments. They want returns without any risks, but avoiding all risk is the same as avoiding potential returns. –Mark T. Hebner, businessman, investor, and author The Parable of the Talents I love the parables of Jesus from the New Testament. One of my favorites…
My biggest influence in investing, and the person I most admire in the financial world, is John C. Bogle, founder of Vanguard Mutual Funds. My favorite Sunday morning comic strip is Dilbert, by Scott Adams, which pokes fun at corporate and office culture. Bogle and Adams, vastly different in age, style, and occupation have each…
Many years ago I heard a story that illustrates the principle of investing in a memorable way. I can’t remember where I heard it, or who I heard it from, but I have never forgotten it. The story is about a young boy named Tommy growing up in a much simpler time than today. Tommy’s…
There is an old poem I like called “The Fence or the Ambulance” by Joseph Malins. It tells the story of a town built near a cliff. Many people have fallen off the cliff, so the town has a meeting to decide what to do about the problem. Two solutions are put forth: build a…
Another of my posts has been selected to run on Rockstarfinance.com, a website that promotes itself as “A Collection of Awesome Money Articles.” It is my post originally published on January 28, 2014 titled “The Power of Thrift: A Penny Saved Is…” If you haven’t had the chance to read it yet, take a look. …
