Blog Archives

Focus on the Task at Hand - Big, Audacious Goals

Goals

Some people are big proponents of setting big, audacious goals. Dream big because if you don’t then you will just get the same old ordinary results as everyone else. The reality is, however, that most people are just like everyone else. And there is nothing wrong with that.

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Soar with your Strengths, Not your Passions: More Advice for your Kids

public speaking Soar with your Strengths, Not your Passions

A few years ago I did 23andMe. I was not only curious about my ancestry but what medical risks might be present based on my DNA. Fortunately, I don’t appear to be predisposed to any serious ailments. Over the course of its many years in business,

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The Hard Truth for your Children - Build up Your Soft Skills

soft skills

There is no doubt that technological innovation has automated more tasks and this will only become more pronounced with the greater use of artificial intelligence and robotics. This has created a greater demand for workers who have “soft” skills since routine job tasks are becoming more automated or commoditized.

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Timeless Investment Wisdom

timeless investment wisdom

I recently finished reading The Razor’s Edge by W. Somerset Maugham and I enjoyed it quite a bit. It definitely has a strong spiritual undertone set in an era when this was sorely lacking (the 1920s and 1930s, although the hard times of that period brought spirituality more to the forefront).

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When is a Step Really a Step?

Step a Step

The question is sort of in the same genre of “if a tree falls in the forest and no one is there to hear it is it sound?” I’m not going to wrestle with that one publicly. But what I do wonder about now that I have a pedometer and forget to wear it,

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Labor Market Inflection Point

unemployment

Last week was my 34th anniversary at CWS. I have been so fortunate to have had the opportunity to work with so many wonderful people over all of these years and to be blessed with my amazing partners Steve and Mike.

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Stress for Success - But Not Necessarily For Your Health

In a recent interview on Bloomberg Television, the CEO of Cantor Fitzgerald, Howard Lutnick, was asked what he thought about young investment bankers complaining that they were being overworked.

The headline for an article about the interview captures his opinion quite succinctly.

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Grateful Dead Open Source Business Model One of the Most Successful

Grateful Dead

Yes, I am a fan of the Grateful Dead. There was a period of time when they occupied an important part of my life when I was traveling to see many shows with friends and immersed in the Dead community.  While I didn’t care much for some of the personal grooming habits,

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Infinite Games – Painting Your Masterpiece

infinite game finite game

It is hard to be a patient long-term investor when the long-term is comprised of a series of often volatile short-terms. This requires great emotional and intestinal fortitude to hang in there when one sees his or her net worth dropping quite rapidly. It is very difficult when markets are volatile and dropping seemingly endlessly to know if those long-hoped-for positive signals may be the light at the end of the tunnel or the train coming at you.

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Long-Term Investors and The Value of Illiquidity

long-term investors

One of the great advantages and pleasures of being with a company that was founded in 1969 is the tremendous number of long-term investors we have and the wonderful relationships formed over the years.

The downside is that aging is inevitable and an increasing number are passing away.

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