High overhead costs can be the death of your business. Make it asset-light and -- importantly -- make it a business, not a job.Read More

Some things get better with age. Wine, whiskey, a properly humidified cigar… Other things… not so much. Take my knees and rotator cuffs, for example. Against all better judgment, I joined an over-40 men’s basketball league, and we had a game last night. We won… and it was a blast. But I’m really wishing I...Read More

I’ll admit I have houses on my mind these days. After seeing my friend Alan’s new home – complete with its four-car garage and Hugh Hefner grotto – my wife is bugging me to upgrade. And while I’m not crazy about taking on a major new expense, she makes valid points. Our two boys are...Read More

When looking at low-priced stocks, how can you tell the difference between solid value stocks and the dreaded value traps? The answer: value stocks eventually recover, while value traps do not. I realize that my answer is no more useful than Will Rogers’ advice — “Buy stocks that go up; if they don’t go up,...Read More

I had dinner at my friend Alan’s house earlier this week. You could call it a mini-housewarming party. With a baby on the way, he and his wife decided to upgrade their house in anticipation. They’ve finally settled in, and I was their first non-family guest. It might as well be a castle. Four-car garage,...Read More