I like my job. I really do. But I think I’d like being an independently-wealthy man of leisure quite a bit more. Relaxed days of sweet nothingness sound pretty appealing. That’s the dream, anyway. All joking aside, I won’t be joining the ranks of the retired any time soon. I think it’s important that I...Read More

Even in his prime, Warren Buffett couldn’t consistently deliver 46% returns year in and year out. The sage of Omaha is good…but not that good. (Ok, there was a stretch in the 1960s when he really did generate those kinds of returns, but we won’t split hairs.) Amazingly enough, those kinds of returns are offered...Read More

Today I’m going to share an unconventional estate planning tip. I say “unconventional” because this is not the sort of advice you’ll get in a book or from a financial planner. But this might be the most important advice you will ever get, and it is something I have put into practice myself: I recently...Read More

He may be a murderous bastard with no conscience, but if Frank Underwood were a real-life candidate for the presidency, I would vote for him. Frank Underwood is not a real person, of course. He’s the crooked politician portrayed by Kevin Spacey in the Netflix series House of Cards who claws his way into the...Read More

Investors in Kinder Morgan Energy Partners (“KMP”), Kinder Morgan Management (“KMR”) and El Paso Pipeline Partners (“EPB”) are now the proud owners of Kinder Morgan Inc. (KMI) after the reorganization of the Kinder Morgan empire last year. While I consider this to be a great development for shareholders, it does raise a few questions come...Read More