How to Prepare for the Next Crises

Last year, I told you about the idea of the coffee can portfolio… A coffee can portfolio is one you set and leave alone for 10 years. A reader recently wrote to say it seemed to depend on an optimistic view, à la the one Warren Buffett expressed in his latest annual letter. Today, I want to…

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A Triumph of Lethargy and Sloth

It’s an inspiring tale… a triumph of lethargy and sloth.And if you take its wisdom to heart, you’ll be ahead of 99.9% of your fellow investors.The tale – and the wisdom – comes from Robert Kirby.Kirby was a great money manager who wrote a lot of wise things about investing. He was active in the…

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Secrets of a Low Cost Life

In the summer of 1920, Ralph Borsodi stumbled on a life-changing insight – and one that we can apply today. It all began when his wife canned tomatoes for winter use. Ralph, having “an incurable bent for economics,” wondered if it paid – or if they were better off just buying canned tomatoes from the…

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