This time of year is a favorite for children of all ages – I happen to be
one of these kids – in part because of the television programs that are
shown around Christmas.
A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red
Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of
mine since TV went from exclusively black and white to poor quality color.
This is no coincidence as these programs were made in the mid 1960’s.
As I was watching this year, it occurred to me that if at this time in
history Christmas had not yet been established, if somehow Christmas needed
to be “started” in 2009, it wouldn’t stand a chance. Christmas would be
doomed before it ever got started.
First of all, the only time you can say Jesus Christ anymore is when you hit
your thumb with a hammer.
You can’t mention Him at City Hall, you can’t display a crè... (more)
When I started this firm twenty years ago this coming April, I didn’t start
with a blank slate. I started this firm already possessing eight years of
experience in what not to do. Permit me to explain.
I started my career with an insurance agency that disguised itself as a
financial planning firm – never got a single client as I knew something was
seriously wrong – so I lasted six months. Turns out these folks were
selling stamp and coin “portfolios” for two to three cents on the dollar.
If you gave them $50,000 they would acquire a block of “valuable” stamps
and/or coins, actua... (more)
“There have been some rumblings around the office about the future of this
company, and more specifically, your job. As you know, the economy has
changed for the worse and presents many challenges. However, the good news is
this: The economy doesn't pose a threat to your job.
What does threaten your job however, is the changing political landscape in
this country. Of course, as your employer, I am forbidden to tell you whom to
vote for - it is against the law to discriminate based on political
affiliation, race, creed, religion, etc.
Please vote for who you think will serve your in... (more)
The fees and expenses we charge our customers are substantially lower than
The disclosure of the expenses we charge is full and complete every quarter,
both directly from us and confirmed through the monthly statements of the
third party custodian. Some of our competitors never fully disclose their
This is a partial reason our results including all fees, expenses, and
dividends have surpassed the S & P 500 by such a substantial margin.
Do you know someone who could benefit from our work? Send them this e-mail
using the link(s) below or e-mail me at dana@th... (more)
For more than the past year we have owned quite a bit of Wells Fargo. A year
ago it traded at about $30 per share and today it trades at close to $30 per
share. Why didn’t we sell it?
1. Alan Greenspan did not know in advance that this crisis was coming. I
didn’t either. By definition it is not possible to predict irrational
2. Selling wasn’t necessary to still have excellent investment returns.
Because I was confident that what did happen would happen. It would go down
and it would bounce back.
3. Because instead of selling into a fire sale, I bought in accounts that I ... (more)