It seems so simple: name the beneficiary and be done. You never need to think about it again. Interestingly, one of the hardest things we do in our practice is helping clients manage beneficiaries. I suppose one of the problems
Why planning? I’ve been in this business for four decades now. The longer I’m here, the more I believe and see examples of why planning is good. Less stress, better prepared, and better reactions because: Organization We have thought through
Decisions: Based on facts or delusion? What do we believe about life, politics, and circumstances? Much of what we believe is based on what we hear. What we take in from the news media, radio, and talk shows hosts a
Gambling Responsibly! That is an interesting term. You might want to understand I’ve never put a penny in a slot machine. I’ve gone to Monte Carlo to some of the most famous casinos in the world that I had to
Politicians, hate, and not being nice! Wouldn’t you think the longer we live, the more civilized we would be? But it seems that we were really civil when I was young and are full of hate today. Whether it’s Democrats
The Cost of Capital and the Price of Time We’ve all heard the phrase “time is money”. But what exactly is the “price of time”? How do we calculate or quantify how much time is worth? When we invest, what
Confidence! Confidence is often our best friend in competition, sports, or being a businessman. When can confidence be a problem? When we’re investing! If our confidence in investing is centered on markets, this is troublesome. We will surely lose if
New Years Resolution One of the “classics” in investing literature is Charles Ellis’ Winning the Loser’s Game. I happened to reread it recently, and what follows has heavy inspiration from the themes in his book. As the calendar has recently