Part of what holds us back is mindless confusion. As The Man says, There seems to be some perverse human characteristic that likes to make easy things difficult.
After 30 years of affiliation with the insurance industry, I have a deep appreciation for insurance agents. I wonder how many will be left five years from now?
Last week was a big one for public-private-partnerships: On Friday, President Obama fleshed out his partnership plan, which he had announced during t...
Two of the richest families on the planet -- the Waltons and the Buffetts -- have taken public welfare from taxpayers to help clean up a contaminated land that will soon sprout a Wal-Mart superstore.
Many of the Chinese people I speak to seem to be deeply concerned that China will lose something extremely rare and valuable in the rush towards a very confounding version of growth and happiness. And it's not just the older people.
In order to better understand why it is a good bet, you have to travel back and see where freight rail nearly went off the tracks.
One would think New York City officials would at least require detailed safety studies before allowing the new 30-inch line. Nope!
In between the analysis and absorption of the impact of both these government actions, Warren Buffett, the sage of Omaha, announced his intentions to buy the H.J. Heinz, the beloved ketchup brand of most Americans, for $23 billion.
There will be no end to tax loopholes for the rich, House Speaker John Boehner has asserted. The Republican ruling: The vast middle class, the elderly and the poor must suffer.
A little noticed piece of news emerged in the world of philanthropy this week. A dozen new billionaires signed onto the Buffett-Gates Giving Pledge.
In the case of Heinz, like Coke and the other product investments Warren Buffet has made, it does not appear that there will be any fresh challenge to Heinz's margins in the long-term based on the brand supremacy of their flagship product.
Is what I am proposing pretty radical and does it face an uphill battle in Congress? Absolutely. But the stakes are enormous for the country and nickel-and-dime tinkering with the tax system will not fix the problem.
Even if you had invested 15 years ago, not long before the start of the greatest secular bear market since the Great Depression, you would have compounded money at 4.72 percent per year. This also would have doubled your money.
I was part of the Buffett family for twelve years, married to his son, so I had a ringside seat and learned how the master worked. I have made a career explaining why Warren Buffett is attracted to certain stocks or chooses to buy certain companies outright.
Saving, investing and growing your net worth gives you the greatest freedom of all, because you're no longer tied down by the limits of money; you're free to travel, to move, to take risks, to ascend in your career, to take care of your family and to handle unexpected surprises.
Should investing be governed by simple rules? It not only should be. It must.