Tagged: Mitch Tuchman
Can’t Drive 55? Good Luck Retiring On Time — And In One Piece
by Mitch TuchmanThose of us a certain age remember the mid-1980s rock anthem “I Can’t Drive 55,” by Sammy Hagar. It’s a funny, ridiculous song, coming out about a decade after the country established a nationwide maximum speed limit of 55 mph in reaction to the oil shock of the 1970s. The video for the hit song is equally… Continue reading
Rebalance’s Investment Committee: Investing’s Brightest Minds At Your Service
by Scott PuritzEvery year, billionaire investment icon Warren Buffett auctions off lunch with him to anyone willing to write a big check to charity. Last June, someone paid an astounding $3.3 million for the privilege of having lunch with him. Imagine sitting with an investing icon for a whole hour, him open to any investing question you… Continue reading
John Bogle’s 7 Timeless Investing Lessons
by Mitch TuchmanEvery investor should read the books of John Bogle, founder of the Vanguard Group and tireless advocate of the ordinary retirement investor, the “little guy” faced with long odds and the hungry sharks of Wall Street. One of the best is Enough: True Measures of Money, Business, and Life, a book he probably thought of as… Continue reading
Bill Gates, Trillionaire? Warren Buffett Shows Why He’ll Make It
by Mitch TuchmanWhen will the world see its first trillionaire? A British charity estimates that it could happen within 25 years and that it will be none other than Microsoft Founder Bill Gates. Oxfam, the UK world hunger organization, meant to shame the world’s richest with its list of multi-billionaires. Which is odd considering that Gates is a… Continue reading
Trump’s Last-Second Swipe At An Obama Retirement Rule
by Mitch TuchmanAs with much in the first weeks of the incoming Trump administration, there was an last-second move to delay regulations years in the making. In this case, the Department of Labor fiduciary rule. The last-ditch effort is likely to fail and not just because of legal action, although that is happening, too. No, it’s likely… Continue reading
Buffett, Bogle and Berkshire: 5 Amazing Numbers
by Mitch TuchmanBy now you’ve likely seen billionaire investor Warren Buffett’s latest effusive praise of Vanguard Group founder John Bogle. “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle,” Buffett wrote in his latest letter to investors in Berkshire Hathaway, Buffett’s… Continue reading
Seth Klarman Has Concerns About Indexing. We Don’t.
by Mitch TuchmanSeth Klarman is one of the few hedge fund managers praised by Warren Buffett. His Boston-based Baupost Group is famously tight-lipped and extraordinarily successful, currently managing around $30 billion. That puts him on par with the endowments of schools such as Harvard and Yale. As it happens, my business partner Scott Puritz and I were… Continue reading
Jack Bogle: Despite Trump, ‘Clients First’ Fiduciary Rule Here To Stay
by Mitch TuchmanJack Bogle, the visionary founder of Vanguard Group and father of index investing, has this to say about rumblings that the incoming Trump administration could kill the fiduciary rule: Don’t bet on it. Far from shrinking back, the Department of Labor’s fiduciary rule protecting retirement savers — which takes full effect in April — is likely… Continue reading
Buffett’s Advice When Markets Slip: Skimp On McDonald’s
by Mitch TuchmanIconic billionaire Warren Buffett is sitting in the driver’s seat of a Buick SUV, talking to the drive-through cashier at a McDonald’s. “I’ll have a Sausage McMuffin with an egg and cheese,” he tells the grinning young woman, who clearly recognizes him and spots a documentary camera operator in the passenger seat. He probably orders… Continue reading