Reactionary investing is common among many wealthy individuals. Over the course of several years, they will allocate money to investments which seem, at any given moment in time, attractive. Although people can do well investing in attractive opportunities as they...
By: Mo Lidsky Failing to plan, planning to fail. Vince Lombardi, the legendary coach of the Green Bay Packers, has often said that there is no such thing as a perfect game. You cannot control the weather, the referees, injuries or any number of other variables. You...
By: Mo Lidsky This uncharacteristically older Filipino barista had a smile before I approached her. It was 6:30am on New Year’s day and, like any other Sunday morning, I entered my neighborhood Starbucks for a few hours of undistracted writing. It was clear this...
By: Mo Lidsky He has repeatedly claimed that his wealth is largely due to his ability to avoid mistakes rather than identify opportunities. While I am somewhat skeptical about Warren Buffett’s humble assertion, it is true that avoiding danger and removing harm...
Many investors we meet with have a similar overarching goal for their investments. Simply put, they wish to protect the value of their net worth, after inflation, while covering their family’s expenses. And they want to achieve this goal over a very long time –...
By: Mo Lidsky There’s a famous story about rabbinic student that approaches his Rabbi and asks, “Rabbi, am I allowed to smoke when I’m praying?” to which the Rabbi affirmatively responds “Absolutely not. It’s a disgrace to God and a disgrace to prayer.” Bothered...
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