No one can argue with Warren Buffett’s investment prowess. He’s known as the most successful investor in the world, a businessman and philanthropist who is currently the third wealthiest person on the planet. Many people think of Buffett as an active investor who succeeds by picking the best stocks, but I disagree. What Buffett does is actively influence the success of the companies he supports through board seats and management influence. He limits his investments in companies to those industries he understands. Buffett’s success results from his business skills, not his ability to pick stocks. He endorses passive investing, andRead More
A 5-Step Remedy for Teen Affluenza
Perhaps you’ve heard about Ethan Couch, the 16-year-old boy who killed four people while driving drunk in Texas in 2013? His defense: teen affluenza, a debilitating social condition in which teens with financial privilege fail to develop the skills they need to properly understand the consequences of their actions. We all want the same thing for our kids: we want them to be happy, have their needs met, and be successful in life. Sometimes, though, an overemphasis on those first two things can derail the development of the third. For parents who are fortunate to be able to provide wellRead More