Investing is pure risk. Companies can and do go bankrupt. Go to the library and look at a list of large companies from 1950—very few of them still exist. Go back another twenty years. Almost none of the companies from 1930 still exist. Your goal is to make sure that you only invest in things that will exist for at least the next few ... Read More

Public Investments in Private Equities, also known as PIPEs are one of the most misunderstood and underappreciated tools that most small company investors have. The majority of small businesses don’t make it. They fail because they are undercapitalized. That is why companies go public in the first place—to access capital. Let’s say a small company is growing quickly. They need money to expand, hire ... Read More

Look in the Forbes 400 list. Who’s there? Entrepreneurs who built something impressive, and the kids of those visionaries. Successful investors. The occasional Royal. Not surprisingly, there are no short sellers on the list. Short selling is dangerous to your portfolio and I no longer partake. A quick history will suffice. For a decade, on average I doubled my money each year investing in ... Read More