Phil Knight, the founder of Nike writes in his book Shoe Dog about how incredibly difficult it was to raise capital to fund his then fledgling startup that went on to become the business it is today. Venture capital as a funding model didn’t exist back then. And back then is 1960s. You needed capitalContinue reading “Some Thoughts On Investing In Startups…”
We Have Seen This Movie Before…
Gerald Tsai Jr. who ran Fidelity’s Aggressive Growth fund could do no wrong during the go-go years of the 1960s. Deemed a stock picking savant of the momentum kind, he churned out returns twice that of the industry average for seven long years and with remarkable consistency. And as it is with anything exotic andContinue reading “We Have Seen This Movie Before…”
Plan For The Worst, Hope For The Best…
Benjamin Franklin once said “A penny saved is a penny earned.” But I say there is more to that. Not only is a penny saved is a penny earned but a penny saved today is worth quite a bit more than say saving that same penny tomorrow or the day after. Hyperbolically speaking, of course.Continue reading “Plan For The Worst, Hope For The Best…”
I Committed A Personal Finance Sin But…
I hate driving. And that in spite of having won the commute lottery of spending a hair under 30 minutes to get to and from work. But even then, if it were not for books on tape and the best thing that Amazon sells (Audible), I would be road-raging all along. So I have toContinue reading “I Committed A Personal Finance Sin But…”
This Time Is Indeed Different…
Sir John Templeton, the founder of Templeton funds, once said that the four most expensive words in the English language are ‘this time is different’. These words are usually uttered when market euphoria is running high, brought about by some dislocation in the economy. That dislocation could come about due to technological changes or someContinue reading “This Time Is Indeed Different…”
What’s Asset Allocation?
So basically, when I started this, I had no idea what this meant. I only wrote this because I eavesdropped on my dad talking to someone about it. Okay, I know I eavesdropped but what harm could be done. But after some intense research, I figured out its meaning and it is… Spreading your moneyContinue reading “What’s Asset Allocation?”
How About Them Taxes…
William Howard Taft, the nation’s 27th President, established the first Federal income tax in 1913 which then went on to become a permanent part of the American life. But how did the system survive before that? It’s not like taxes didn’t exist. They did but they were mostly consumption based applied to things like liquor,Continue reading “How About Them Taxes…”
Build Better Portfolios…Like Make Salsa
When you think of cooking up salsa, what’s the first thing that comes to mind? Tomatoes. But you know that’s not it. You’ll need onions, jalapenos, cilantro, garlic and a few more things. You mix all that in the right proportion and you’ve got your salsa. Craig L. Israelsen, professor of all things financial planningContinue reading “Build Better Portfolios…Like Make Salsa”
The Products I Use And The Businesses I Own…
Today was just like any other Sunday of my life. I was curious to go around and recount all the products that I use every day and the kind of businesses that made them. I also wanted to see if these businesses were publicly-traded or privately-owned. So what’s the difference? We’ll find out. So startingContinue reading “The Products I Use And The Businesses I Own…”