Author: Mike
What I learned from a year without wine
This week I celebrated a milestone that I’m damn proud of: 365 days without drinking alcohol. Lest you think this email is about to preach at you as to why you should...
So when should I buy a business?
Last week, we explored whether or not the hot new trend of buying “boring” businesses is a good way to generate passive income. TL:DR: There’s nothing passive about laundromats. (ICYMI,...
What the Hell is a Barbell Strategy?
This week, I had the opportunity to enjoy a quite spirited discussion in my investing group. The original question was this: “Hey team, I’ve got some fresh $$ to deploy....
Are you swimming naked?
"When the tide goes out, that’s when we see who has been swimming naked." - Warren Buffett I love a good quote from the Oracle of Omaha, but this one has to...
The Hard Work Paradox
If you grew up anything like I did, you often heard the saying, “Nothing worth having comes easy.” Sayings like this are how we seek to instill the value of hard work in our children. Obviously, we want...
The Power of Opinion
“I don’t give a f--- what other people think.” I chuckled to myself as I heard my client say this, remembering a time when I might have said the same thing. Once...
Don’t Forget Rule #1
I’ve had several conversations this week that remind me just how distorted our collective views on investing tend to be. In these conversations, I’ve talked to founders who: After selling...
There’s no such thing as a free lunch
We need to talk about boring businesses. Buying “boring” businesses has been a very popular trend for the last few years, primarily driven by social media influencers like Codie Sanchez. The...
What Scares You the Most About Being Rich?
This past week I was having a conversation with a new friend when he gave an answer that stunned the rest of us. “The truth is, I don’t think I’ve...
Are You Behind the Power Curve?
We all know what it means when we say someone is “behind the power curve.” They’re a little slow on the uptake, haven’t made the expected progress, and are overwhelmed with no way out. But...