Contrary to popular belief, Wall Street doesn’t really love monopolies. In fact, Wall Street is more likely to undervalue a monopoly than over-value it. And it all boils down to one basic flaw of the analyst hivemind: comparable business valuation. What’s a 20oz Coke Worth? If I were to ask you what a 20oz Coca-Cola [...]
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The personal finance thought machine has this love affair with 401Ks and IRAs that, frankly, I really don’t understand. It all boils down to three things. Well, mostly three things. Why Pass on Traditional Retirement Accounts Here’s my three reasons for passing on traditional retirement accounts: 59.5 years old – This may be a fairly [...]
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The personal finance equation is quite simple: assets must grow faster than liabilities. No matter how simple the concept, we simple humans make it complicated. We’re exceptionally good at making easy things hard. In my view, one of the biggest dangers to our finances is confusing assets and liabilities. It happens far more than it [...]
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On Thursday, one of my stock picks for 2012 announced it would seek out “strategic alternatives” to boost shareholder value. To fully embrace the concept of finally working for shareholders, Adams Golf will reach out to Morgan Stanley to find some “alternatives.” The heavy use of the word “alternative” makes this feel like some drug [...]
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