Warren Buffett could lose an $8-per-second (yes, per second) windfall on his is Dow Chemical Stock. The Wall Street Journal lays bare Warren Buffett's Dow problem. Warren Buffett’s Berkshire Hathaway lent Dow Chemical $3 billion to help finance its purchase of Rohm & Haas in 2009.... But a recent rally in Dow’s stock is putting that income stream at risk. Shares of Dow have spent much of the past month hovering above $53—perilously close to a level that would cause Berkshire to lose a $255 million-a-year dividend.... Dow has been on the hook for paying an 8.5% annual dividend on … [Read more...]
YETI Coolers: Invest in Your Life
We use our Yeti cooler for our summer boating trips. This article in the WSJ on how they’re being stolen reminded me of this cool video on their website. If you're interesting in boating, read my series, How to Buy a Boat (Parts I, II, III, IV, V, and VI). John Clarke writes in The Wall Street Journal: Yeti coolers have cult status among outdoors enthusiasts who swap stories and videos online about their Yetis. Some fans call the Yeti the “Redneck Rolex.” They are also big with burglars this year, who are swiping Yeti coolers from stores, cars, boats and beaches … [Read more...]
When the Lights Go Out
Inflicting major disruptions to the electrical grid, whether by humans or natural causes, is not that difficult to imagine. It has already happened which you’ll learn more about in this excellent article, and series, by Rebecca Smith in The WSJ titled, “How America Could Go Dark.” I spent time this week speaking with an engineer at our local utility company. The impression he gave me is the same as in the article: The money is simply not there. It’s not there to protect substations with proper security, and it’s certainly not there to upgrade the grid to bring it into the 21st … [Read more...]
Get Your Survival Training Now
You have plenty of opportunities to get your survival training now. Don’t let inertia slow you down. Here’s what I’ve learned for you. A client told me this week he’s thinking about attending a pistol course through the Surefire Institute. They will be in his town for about ten days offering a variety of coursework such as General Shotgun and General Handgun. I’ve taken similar courses through Sig Sauer Academy in Epping, New Hampshire and I highly recommend both for you and your loved ones. What’s cool about the Surefire Institute is that it has locations in Las Vegas (a nice activity if … [Read more...]
The Monday Melee: UFC’s Unbelievable Return
News broke this morning that Ultimate Fighting Championship (UFC) had sold itself to a consortium of buyers led by talent agency WME-IMG. UFC is one of the best known providers of mixed martial arts entertainment. UFC President, Dana White and investors Frank and Lorenzo Fertitta purchased the franchise in 2000 for $2 million. Today they're selling the business for $4 billion, a return of 199,900%! The New York Times explains: It will be a windfall for U.F.C.’s primary owners, the longtime casino entrepreneurs Frank and Lorenzo Fertitta, though they will stay on as minority investors. The … [Read more...]
“So I Thought I Would Teach Myself About…”
The Newport Daily News had a wonderful feature on Middletown, RI resident, Pete Babcock, whose 42-year career in the NBA culminated in a championship with the Cleveland Cavaliers. Babcock got his start when he dropped out of law school. “I always was enamored with the NBA, and the Phoenix Suns were a relatively new team,” Babcock said. “They started in 1968 as an expansion team. In those days you could buy a general admission ticket for $3.50 and there were like 3,000 people at the game, so you could go sit anywhere you wanted to sit. I just thought if there were anything in the world, this … [Read more...]
Happy Independence Day!
Help Isn’t Coming!
“Help Isn’t Coming!” heads the introduction to The Ultimate Situational Survival Guide. “It may sound harsh, but the reality of most crisis situations is that you’re going to have to be your own first responder.” And that in a nutshell is how I want you to think about your money and your investments. As your survival guy I’m taking full responsibility to provide you with all of the information I believe is necessary to help make you a better survivalist. The minute you start thinking this way, as a survivalist, the minute your entire view of the world changes. It happens that fast. Your job … [Read more...]
Van Morrison’s Keep It Simple
Van the Man’s Keep It Simple: Whoa we got to get back to something simple just to save yourselves Well got to get back to something simple just to save yourselves Well you got to keep it simple, keep it simple just to - and that's that … [Read more...]
A Love Story about Private Wealth
You’ll be hard-pressed to find a better love story than this courtesy of Seth Siegel at the WSJ: How does one overcome almost unimaginable horror and trauma? For Holocaust survivors Howard and Lottie Marcus, the healing came, in part, from the hope that they could help to provide refuge for other Jews who might find themselves at risk. But after restarting their broken lives in America, this modest couple could never have imagined that they would end up giving what is likely the largest single charitable gift in Israel’s history—$400 million—to be announced June 24. Howard and Lottie were … [Read more...]
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