My family has lived in the same house for 20 years. During this time, 2 of the 800 houses in my neighborhood have been completely destroyed by fires caused by lightening. Our house backs up to a wooded area that is susceptible to fire. I’m a bit of a natural worrier, and so we have…

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I’m a firm believer that investments should have expected future cash flow. True investors should “expect” to be compensated for delaying gratification and taking risk (ie uncertainty). If an “investment” doesn’t have future expected cash flow, it is not an investment. Rather, it is a speculative guess. These speculative guesses are based purely on the…

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