“If I had my way, I would write the word ‘insure’ over every door of every cottage and upon the blotting pad of every public man… because I am convinced that, for sacrifices that are conceivably small, families can be secured against catastrophes which otherwise would smash them forever.” — Winston Churchill Winston Churchill spoke...
Have you ever looked at the financial news and felt that the world has lost its collective mind? Markets often plunge on seemingly good news and soar on terrible news. A company with no revenue can be valued at billions, while a solid, profitable business is ignored. The short-term behaviour of the stock market can...
In almost every area of life, hard work and constant activity are rewarded. If you want to improve your health, you train more frequently. If you want to build a business, you put in longer hours. Action equals progress. But investing is a rare domain where this logic is turned upside down. In the world...
In our last post, we looked at the foundational laws of money: spending less than you earn, insuring your risks, and respecting the erosive power of inflation. These are the defensive structures of a good plan. But defence alone doesn’t build the life you want. You also need to move forward. Today, we look at...