Whenever two Texans meet for the first time on neutral territory – and by neutral, I mean anywhere outside the Lone Star State – somehow, some way, the meeting inevitably becomes a contest to see whose Texan roots run deeper. It’s the closest thing to a manhood-measuring contest I can imagine without a ruler. At...Read More

Photo credit: frankieleon Well, they did it. Brits have voted to leave the European Union. Now what? I wrote last month that Brexit could take a wrecking ball to your portfolio. And judging by the carnage in the markets last night and this morning, that wasn’t an understatement. The pound sterling was down as much...Read More

I like getting paid in cold, hard cash. And frankly, who doesn’t? But stock dividends are more than just a quarterly paycheck. They are a way of doing things. I would go so far as to argue that they are a philosophy of life (or at least of business). That might sound a little kooky...Read More

Photo credit: Pellaeon A Peruvian wedding and the recent Berkshire Hathaway (BRK.A) annual meeting have a lot in common. That might not sound immediately obvious, but it’s true. I’ve been in Peru for the past week. By lucky coincidence, the national Peruvian Paso horse competition (which my father-in-law won this year) and the wedding of my...Read More

If I offered to pay you a crisp $1 bill for the 90 cents you have jingling in your pocket… well, you’d probably think I was either crazy or a scamster. Or maybe both. But if, after inspecting the dollar bill, you determined the deal to be legit, you’d jump on it in a heartbeat....Read More