On a Hawaiian vacation some years ago, Janet and I joined a group that was hiking to a World War II fort on the top of a mountain. Once there, we stopped to rest and enjoy the expansive view of the Pacific. One of our group, significantly younger and fitter than the usual tourist, had worn a large backpack for the whole climb.
With apologies to author Judith Viorst, the title of her ‘Alexander’ book from 1972 seemed perfect for my 2020 year-end article.
Growing up, we had family friends who owned a candy company. As a child, it seemed like working there would be a dream job – surrounded by candy. Better yet, the company policy allowed employees to eat all the candy they wanted. You see the trap, right?
I’d like to begin with a show of hands: all those who enjoy reading their insurance policies, please raise your hands now. Hmmm, I don’t see very many and I must admit that if this was a Zoom call, you wouldn’t see mine either. However, insurance is part of our lives so it’s important that those who buy it either understand it or have trusted advice at hand.
Today, Frank Sinatra joins the illustrious group of people who I think might have something to offer the world as a financial planner in addition to his other talents.
If we see each other in late December, you might want to wish me a happy birthday but today’s message is meant for ‘the other Warren’ in the investment world, Warren Buffett. He turned 90 a couple of weeks ago.
Last week I wrote about the idea that a bubble might be forming in the stock market. This week I’d like to delve into some of the reasons I’m concerned.
Flags, affinity license plates, garments with team logos. There are lots of ways to use a symbol as an abbreviation for a full name. Investors use what are known as ticker symbols when buying and selling stocks. These date back to the ticker tape machine, an improvement on the telegraph.