In an effort to bring them down, a couple of weeks ago the Fed cut rates by a quarter-point (25 basis points). Yet, as if by magic, the 10-year Treasury note rose by 2 basis points to 4.127% and the 30-year Treasury added 2.5 basis points to 4.745%. Hmmm…what happens
The United States… has already reached the foremost rank among nations, and is destined soon to out-distance all others in the race. In population, in wealth, in annual savings, and in public credit; in freedom from debt, in agriculture, and in manufactures, America already leads the civilized world. ~Andrew Carnegie,
This creative tenant was delivered his lease in a Word document and decided to sneak in an extra clause. I am now considering adding this to all our future listings! Then I could look forward to cakes every August! You may have read this month that Lynsi Snyder, the heir
For those of you keeping track, yes, I successfully ran my half marathon at the end of May, knocking off Maryland by running a race along the Potomac. But I learned two fascinating things that I thought I would share. Back in our founders’ day there was once a tax
Of course, most of you are familiar with Hans Christian Andersen’s famous tale “The Emperor’s New Clothes,” in which the weaver plays on the emperor’s vanity by saying the suit is only visible to people who are clever and competent. In reality, he was naked. Warren Buffett is famed for
“Investing is a game of Snap, of Old Maid, of Musical Chairs. It’s a pastime in which he is the victor who plays “Snap” neither too soon nor too late, who passes the Old Maid to his neighbor before the game is over, and who secures a chair for himself
“Isn’t it appropriate that the month of the tax begins with April Fools’ Day and ends with cries of ‘May Day!’?” ~ Rob Knaverhase “By the way, the tax code has 6,871 pages and over 1,000 forms to report every conceivable type of income and what you do with it.” –
“Plan B is to succeed at Plan A” ~ Arnold Schwarzenegger The Beatles were a group for six years and played more than 200 shows before they got a record deal to record their first album. Three record labels rejected them before this happened. I read the Steve Jobs biography
Ernie Auerbach died 15 years ago today. Ernie conceived and built more than 15 million square feet of commercial, retail and residential properties in large stretches of Santa Monica, Brentwood and Pacific Palisades. In 1977, he purchased 1,000 acres of ranch land in Ramona where he bred racehorses. In 2001,
Enshittification: The gradual deterioration of a service or product brought about by a reduction in the quality of service provided. ~ Macquarie Dictionary, word of the year 2024. This month we are going to skip Nick’s Numbers and the story because there is a new law (AB 2992) which affects