Intentional WealthGood morning & happy Monday! “Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.” Murry Rothbard, American economist 1926-1995 Ok, I know you’ve been waiting with bated breath to […]
Good morning & happy Monday! “In the short run, the market is a voting machine, but in the long run it is a weighing machine.” Benjamin Graham, economist What a great quote from a masterful economist. Put another way, the market in the short term can make no sense whatsoever, but in the long term […]
Good morning (evening) & happy Monday (Sunday night)! “In every human being there is both garbage and gold, it is up to us to choose what we pay attention to.” Werner Erhard, author I recently watched a special report about the finances of the waste management industry, and I learned something fascinating. Any idea how […]
Good morning & happy Monday! “When you make a mistake, there are only three things you should ever do about it: admit it, learn from it, and don’t repeat it.” –Paul Bear Bryant, legendary Alabama college football coach About a month ago, I took my wife and 2 sons to Daytona Beach for an end-of-summer […]
Good morning, happy Monday & happy Labor Day! “Life is short, I want to live well. One life one story to tell…Waking up my soul, every breath that you take is a miracle. Life is short, I want to live it well.” Lyrics from Live It Well by Switchfoot My oldest son is approaching his […]
Good morning & happy Monday! “The true investor welcomes volatility … a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.” Warren Buffet So, something pretty amazing happened 2 weeks ago today (Monday, August 16, 2021). The S&P 500 closed at 4,479.66. What’s so significant about that? On March […]
Good morning & happy Monday! “None of us is a smart as all of us.” Ken Blanchard, author / speaker / business consultant The kids are back to school, the summer is wrapping up (though it’s still crazy hot outside), and the normal life routine begins again. It has been a very busy summer for […]
Good morning & happy Monday! “If you want to succeed at any level – in business, in finance, in your contribution to the world – you have to learn how to deal with this four-letter word: risk.” Tony Robbins Risk is such a loaded word. If it were up to all of us we would […]
Good morning & happy Monday! “People get blinded by money. Having money with no sense of guidance is the same as being poor.” Unknown I could not find the author of that quote, but I thought it was very powerful. Being poor … many of us have been there at times in our lives. It […]
Good morning & happy Monday! “I don’t believe all this nonsense about market timing. Just buy very good value and when the market is ready that value will be recognized.” Henry Singleton, American engineer Market timing … something you will hear about constantly if you turn on CNBC or Fox Business … something we may […]