I’m having trouble getting my head around the idea of having a net worth of $1 billion. If only… Think of it. Written out, $1 billion is $1,000,000,000. If you had $1 billion of wealth and 50 years to live, and if you simply put that wealth in a…


Given Senators Manchin and Sinema’s efforts to constrain spending under the Build Back Better bill, it seems likely that the $3.5 trillion 10-year price tag may very well be whittled down to something less than $2.5 trillion. At the same time, I’ve heard nothing about making corresponding adjustments on…


It’s axiomatic that prudent investors should hold diversified portfolios; and while I don’t disagree with this principle, I feel that this objective is too frequently misapplied. Under the guise of seeking diversification, too many people include too much garbage in their holdings.

Modern portfolio theory postulates that investors should…

Ira Kawaller

Kawaller holds a Ph.D. in economics from Purdue University.

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