Core Principles Series #8 - The Endowment Mindset Nearly all large charitable or educational institutions in the US and Canada have large scale endowments. An endowment is a pool of investment resources that have generally been gifted "endowed" to them or are built from the contributions of the firms members.
Core Principle Series - Principle #7 'Fail to plan - Plan to fail' This principle is crucial for your own protection. If you read through the three scenarios that I posted earlier, you will have noted that each of them had some money, knew it needed to be invested, and
Core Principles Series - Principle #6 "The balance of risk and reward" In any investment there is risk. A person might argue that "well that isn't true for an envelope of cash that I have at home" but even that is subject to theft, misplacement, or at a minimum a
Core Principle Series - Principle #5 "Buy low and sell high" This principle is one of the most commonly quoted phrases whenever a person is asked how they can do well with investments but it is clear that most people don't actually understand what it means. Sure - we all
Core Principles Series - Principle #4 "Follow the money" Principle number 4 is all about separating emotion and hype from reality. Individual motivations reveal a great deal about who a person is and why they do what they do. In the world of finance and investment there is no free
Core Principles Series - Principle #3 Urgent and only available today = wrong. We live in a world with a 24 hour news cycle and instant on demand access to nearly everything. With that kind of access, businesses feed on that mindset by trying to create an impression of scarcity.
Core Principles Series - Principle #2 If it sounds too good to be true, it probably is... We all like a great deal and there is something a little twistedly pleasing to feel like you got a better deal than anybody else. The reality though especially in the finance world
Core Principles Series - Principle #1 "Don't put all your eggs in one basket". The practical origin of this eggs in a basket phrase comes from the common sense wisdom of placing eggs gathered from the chicken hutch in more than one basket so that if you were to fall
Core Principle Series - Scenario #3 Beth and her father's land Beth was surprised when the attorney called her. She and her sisters had heard once that her parents had some kind of property in the southern part of the state but no one had ever been able to validate
Core Principle Series - Scenario #2 - Jan and the annuity Jan just turned 68 this year and is glad to have the new year bring the potential of better days. Her husband died last June and gratefully he did have a life insurance policy of $250,000. After burial expenses