But What About Jobs?

Milton Friedman was a Nobel prize winning University of Chicago professor and economic advisor to President Ronald Reagan. Countries interested in improving their standard of living through a free-market economy frequently sought his advice. On one of his trips to Asia, he was taken to see a massive government project. Thousands of workers were using shovels to build a canal. Puzzled by the inefficiency, Friedman asked the government official, “Why aren’t you using any excavators or mechanized earth-moving equipment?” The official explained that using shovels created more jobs. Friedman responded, “Then why not just use… [read more]
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Investing Like Apple, Part II

I recently posted about Insanely Simple, a book by Ken Segall about how Steve Jobs’ intense focus on Simplicity translated to great success at Apple and continues as an essential part of Steve’s legacy today.  That blog compared Apple’s view of Simplicity to Dimensional Fund Advisors (DFA), the mutual fund company we use to implement our investment strategy. Today, I’d like to take the Simple Stick (as the book would call it) to The Asset Advisory Group. One of our core values is “Embrace Simplicity”, but how is that value realized? As Jobs… [read more]
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Buffett’s Annual Letter

Below are edited excerpts from Warren Buffett’s annual letter to shareholders of Berkshire Hathaway.  The essay as presented was published in the March 17, 2014 issue of Fortune magazine.  The original articles can be found here.  He likely doesn’t need much of an introduction, but Mr. Buffett is CEO of Berkshire Hathaway, one of the most famous business minds of his or any generation and is currently listed as the 4th wealthiest person in the world by Forbes magazine. “Investment is most intelligent when it is most businesslike.” –Benjamin Graham, The Intelligent Investor… [read more]
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In Case of Emergency – Tips from a Stressful 27 Hours

Stressful events in life are often learning experiences, but they can also be the most life-affirming. Last Wednesday evening my mother headed off to church for a worship committee meeting. Between the parking lot and the church office, she took a severe fall based on the blood they later found on the sidewalk. But it wasn’t initially obvious. She walked into the meeting in progress, was quiet and seemed confused, and it gradually became obvious that something was seriously wrong. On the ride to the hospital, she kept asking why she was in the car,… [read more]
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