Johnson & Johnson Keeps Raising That Dividend
On June 12, 2018, Johnson & Johnson shareholders will receive a quarterly dividend of $0.90 for each share that they own, for a total annual payout of $3.60 compared to the prior year’s level of...
View ArticleThe PepsiCo Spinoff of Yum Brands: Twenty-Year Review
Back in the 1990s, Pepsi had its hand in every cookie jar. It not only had its beverage lineup led by Pepsi, Diet Pepsi, Mountain Dew, and (before later selling it off) Schweppes, but also had branched...
View ArticleBill Ackman Wants United Technologies To Split Off Into Three Companies
The activist investors Bill Ackman and Dan Loeb are calling for the break-up of United Technologies into three publicly traded companies–the aerospace, the elevator, and the climate-control units....
View ArticleKraft Heinz Dividend Predictions Through 2023
Kraft-Heinz has excellent operating subsidiaries. The Heinz ketchup brand, launched shortly after the American Civil War, has a near monopoly on the American ketchup industry that has been untouched...
View ArticleThe Beat Goes On At Patreon
I am excited to announce that I have become a Creator at Patreon where I will provide regular updates concerning available opportunities aimed at helping you and your family build wealth, with a...
View ArticleMaster Limited Partnerships: 2018 and Beyond
After all the bankruptcies, restructurings, and share dilutions in the MLP sector during the 2014-2017 fall in the price of oil, I decided to take a close look at the balance sheets of these companies...
View ArticleThe Advantage of a Gift Over Provision in a Trust Fund
During the 1820s, a rich British investor named Richard Wright set up a trust fund with 2,000 pounds worth of East India Company common stock, worth approximately $4.8 million in current U.S. dollars,...
View ArticleAsa Candler vs. Warren Buffett
I recently visited a library to review the media treatment that Asa Candler received in Atlanta, Georgia during his heyday of running the Coca-Cola Company. I started by looking at articles in The...
View ArticleIncentive-Based Trusts In The Modern Era
Between now and 2049, an estimated $51 trillion in wealth will be transferred between the baby boomer generation and their children, grandchildren, favored individuals, and charities of choice. This...
View ArticleThe Korean Family Business Wealth Formula
Few stories grip your attention quite as strongly as those that involve someone with a relative lack of advantage rising up and surpassing another that did, in fact, have superior advantages. Aesop...
View ArticleNeglected Lessons From The Millionaire Mind
Dr. Thomas J. Stanley, the author of “The Millionaire Next Door” and “The Millionaire Mind” who tragically died in a car accident a few years back, dedicated the research portion of his life to...
View ArticleWhy Monsanto Shareholders Got Filthy Rich
Between 1950 and 2000, a period that included both privately held and public trading for Monsanto stock, the compounding rate was 18.5%. It was one of the businesses that was so inherently lucrative...
View ArticleHow Hardship Makes A Strong Investor
Charlie Munger had to bury his adolescent son. Warren Buffett had to deal with his mother’s mental instability and his father’s death while a relatively young man. Seth Klarman had to deal with the...
View ArticleAmazon Prime Delivery: A Historical Context
When up-and-coming Western and Southern entrepreneurs wanted to kickstart their wealth-building process in the mid-1800s, they turned their attention towards one lucrative source of income—mail...
View ArticleCopying David Swensen’s Endowment Model at Yale
At most billion-dollar endowments for American colleges and universities up until the early 2000s or so, the only question was: “What percentage of the portfolio should be invested in stocks, and what...
View ArticleJustifying Familiarity Bias in Investing
“[Familiarity] bias occurs when investors have a preference for familiar investments despite the seemingly obvious gains from diversification. Investors display a preference for local assets with which...
View ArticleInvestment Portfolio Diversification In Real Life
I was at an estate sale not that long ago, and I came across a cancelled-stock certificate issued from the Brunswick Company. Back then, it was called the Brunswick-Balke-Collender Company, and derived...
View ArticleBankrupting The Local Fish Store
When I was self-studying the bankruptcy code in preparation for the bar exam, I came across an old Tennessee bankruptcy case in which a pet store that earned almost $150,000 per year with only $85,000...
View ArticleIdentifying Bernie Madoff Ahead of Time
Benjamin Graham once said that you should never invest in companies that have engaged in malfeasance involving their earnings results, citing the necessity to have accurate numbers in order to make an...
View ArticleThe Crazy High Wal-Mart Money Center Profits
When people think about Wal-Mart, they often think of the entrenched real estate empire associated with occupying an enormous square footage and might spare a passing thought towards its lagging...
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