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What If You Don’t Invest In The Best Stocks?
When you review the history of the American stock market from 1926 through the present day, you will find that nearly all of the gains came from just 4% of the publicly traded businesses in existence....
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Alibaba Stock’s Peculiar Legal Structure
If you are familiar with the e-commerce giant Alibaba (BABA), you might wonder how you are able to purchase shares in the stock given that the government for the People’s Republic of China has...
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Chicago Native Donates $2 Million Walgreen Stock To Wildlife Refuge
Seventy years ago, a lawyer in Chicago named Russ Gremel invested $1,000 (the economic equivalent of $13,000 in 2017 purchasing power) to buy shares in Illinois’ pharmaceutical giant The Walgreens Co....
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Starting Your Own Business To Minimize Taxes
I have taken an interest in studying the operation of family farms and the difficulties that have arisen due to falling crop prices in recent years. Many farmers, who are distrustful of attorneys—can...
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The Family Office Takes Over Wall Street
In recent years, wealthy families have directly hired advisors, attorneys, tax specialists, and even business operators to purchase publicly traded businesses outright rather than, say, purchase 25,000...
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How To Invest Money Conservatively
It is an unfortunate tendency that, during times of normal and superior economic conditions, too many people becoming entranced with the get-rich-quick type schemes and not enough interest is paid to...
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Chevron Stock Price Over Time With Dividends
When people discuss stock prices for a given business, they often perform their analysis by looking at the highest recent price that a stock achieved and then compare it to the subsequent low. With a...
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Life Lessons From The Thornhill Estate
I just visited the Thornhill Estate, which is the ancestral family home of Missouri’s Second Governor Frederick Bates. Because Bates died of pneumonia in his first year of office as governor at the age...
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State Farm’s Long-Term Life Insurance Strategy
I have long been intrigued by business institutions that have found ways to survive for not only decades but centuries. How come York Water was able to make dividend payments during the Battle of...
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Gillette Razor Stock: The Rise and Fall
Of the few crowned jewels in the Procter & Gamble crown, Gillette razors may very well occupy a spot at the top of the list, though I suspect a strong argument can be made that Tide detergent and...
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Alexander Hamilton’s One Share in the Bank of New York Stock
Many people know that Alexander Hamilton was the founder of the Bank of New York in 1784. A topic of less regular discussion is the fact that neither Hamilton nor his estate benefitted substantially...
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Average 401(k) Balance by Age: The Full Data Set
It took me awhile, but I finally compiled a data set that tracks the average 401(k) by age for American workers from age 25 through 67. It was difficult to get a full apples-to-apples comparison...
View ArticleWhen Instagram Changed Its Terms of Service
When Facebook bought Instagram in 2012 for $715 million, it got its hands on the four hundred million user base that was severely under-monetized. So what’s the first thing that Facebook decided to do?...
View ArticleHow A Reverse Mortgage Loan Works
Reverse mortgages work by permitting a borrower to take out money with no immediate requirement for repayment (the house is offered as security for the reverse mortgage lender’s loan). There is nothing...
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ExxonMobil Stock This Generation
The ExxonMobil Corporation (XOM), the largest of the “Seven Sisters” that originally comprised the Standard Oil Trust brought to the market by John Rockefeller in 1882, provides one of the most...
View ArticlePeeking at California’s Mesothelioma Attorneys
Since 1988, California juries have awarded approximately $42 billion in damages to victims of mesothelioma that have dealt with the cancer that manifests itself two to four decades after asbestos...
View ArticlePost-Dating A Check Accomplishes Nothing
A few months ago, a friend of mine—who is a lawyer, no less!—got involved in a dilemma in which he wrote a check to a construction company that was post-dated, and the construction company deposited it...
View ArticleThomas Fitzsimons: The Irish Founding Father
Very few people know the name of Thomas Fitzsimons. He was one of the least well-known Founding Fathers of the United States who usually played a subordinate role to some other key figure such that...
View ArticleThe Jones Act Overview
The Jones Act is one of the most worker-friendly statutes in existence in the United States because it gives seamen and sailors very broad rights to sue their employers in the event that they are...
View ArticleRerum Novarum Lives On
It is surprising to me that, throughout all of the debates about automation and minimum wage laws in the United States over the past few years, hardly any mention of Pope Leo XIII’s 1891 papal...
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