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Global oil production has been outpacing demand for over two years. This oversupply has pushed oil prices to lows not seen in more than 10 years, so it's a good [...]
In the last newsletter we discussed a few of the inherent consequences of dividends. This article compares the dividend to one of its alternatives, the stock buyback. Stock buybacks, otherwise [...]
Businesses should consider the objectives of their shareholders like you and me. After all, we are the owners of the business. This article explores the dividend and suggests to businesses [...]
Living below your means is an essential step in your path to financial freedom. However, spending less than you earn goes against the consumer first culture we live in. [...]
We'll begin with a telling quote about investment cost. “Whether markets are efficient or inefficient, investors as a group must fall short of the market return by the amount of [...]
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” ― Albert Einstein So what is the eighth wonder [...]
Why am I investing? What is my Time Horizon? What is my Risk? What is my Liquidity Requirement? These are all thought-provoking questions meant to aid in building a firm [...]
Liquidity is the ability to quickly convert your investment into cash with little or no loss in value. This is important if there is a possibility that you will need [...]
If you are one of the 947 companies that rely on us (taxpayers) for a free ride, this newsletter is not for you; if you are a taxpayer without the [...]