Bidding for Buffett

Chances are you’ve never paid anybody to have lunch with you, but chances are you aren’t Warren Buffett either.  Every year, the Sage from Omaha hosts an auction, with the highest bidder getting to join Buffett for lunch and bring seven guests—with the proceeds going to charity.  The winner in this, the 18th year of the auction, came in at $2.67 million, which is actually below last year’s winning bid, of $3.46 million.

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Do You Want to Know a Secret?

Are you a Beatles fan?  If you are, you might be interested to know that Bill Wyman, former bass player with the Rolling Stones and professional photographer, has ranked all 213 songs the Fab Four produced, from worst to best, with an insider’s analysis of the music and formulation of each song—and criticism (for the worst) and praise (for the best) mixed in.

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Statehood or Bust?

You’ve probably read about the troubled finances of Puerto Rico, the U.S. territory in the Caribbean that has issued more than $70 billion in municipal bonds, with no visible way to pay out the interest, much less the principal.  Now Puerto Ricans have overwhelmingly voted that they want their island territory to become the 51st U.S. state.

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What Does It Mean When Your Portfolio Is Up 10%?

You receive portfolio performance reports every three months—a form of transparency that financial planning professionals introduced at a time when the typical brokerage statement was impossible to decipher.  But it might surprise you to know that most professionals think there is actually little value to any quarterly performance information, other than to reassure you that you actually do own a diversified portfolio of investments.  It’s very difficult to know if you’re staying abreast of the market, and for most of us, that’s not really relevant anyway.

Why?

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The Earliest Humans

Archeologists have long traveled under the assumption that what we call the human race—the African hominids known to science as “homo sapiens”—evolved roughly 200,000 years ago in either southern or eastern Africa.  Starting perhaps as early as 100,000 years ago, they migrated out of Africa and eventually displaced the European and Asian hominids known as Neandertals (sometimes spelled Neanderthal).

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Exercise for Life

By now, you’ve probably read about surprising new scientific research that has shown that physical exercise is not—despite what we’ve heard for generations—a very effective weight loss technique.  So is there any good reason to hit the gym, or might you as well hang out on the couch?

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Our Driverless Future

By now, you’re familiar with at least the concept of driverless cars—a new technology where computers will replace humans behind the wheel, gradually at first, and then all at once ten or more years down the (pun intended) road.  But what you probably haven’t seen is a comprehensive review of the interesting social changes a driverless world would bring about—and the potential investment implications of it.

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An Independent Fiduciary

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