Back when the financial crisis was in full blown collapse mode the government stepped in to shore up the problem areas and infused a huge amount of reassurance in the financial system. It was like a giant hug for the markets, for the people, and anyone else that needed one, that said, “things will be okay”.

Then the government did what all governments do best. Congress formed a committee to investigate why it happened. They needed a villain. So the FCIC, Financial Crisis Inquiry Committee, was created to find who or what was to blame. Continue Reading…

There’s always something to learn from Warren Buffett’s annual letters. He’s built a library of successes, failures, and accumulated knowledge from almost four decades of letters, which you can borrow from at any time. And, frankly, you can’t beat the price of free.

Typically, when I read the annual letters, I print it out, grab a pen or highlighter and dig in. Afterwards, I re-read all the areas I marked up and write out some notes. Five big takeaway’s from this year’s letter are highlighted below. Continue Reading…