Each year around this time I think back to the day of my college graduation. As a final send-off, after the ceremonies, the school held a luncheon for the graduating class. At this luncheon I happened to be seated next to a well known alumnus of the school. This fellow had graduated in the 1950s and [...]
Six steps to success for new graduates
Each year, as graduation season rolls around, I think back to my own time in school. Overall, I can't complain. But, while I learned lots of facts and figures over the years, I am always surprised that schools don't teach more “life skills” to young people. Specifically, I have always felt that [...]
The most over-compensated profession in the history of the universe
In a recent article for the personal finance website Humble Dollar, I discuss the reasons why I started Mayport and why I am so excited about the potential to save money for consumers. [...]
An investment poem – yes, a poem
Albert Einstein once said, “Everything should be made as simple as possible, but no simpler.” The investment industry, however, seems to subscribe to a different motto: “Make things as complicated as possible, and then complicate them a little bit more.” Wall Street salespeople talk about alpha (a [...]
A careful look at private funds
When asked why he robbed banks, Willie Sutton replied, "because that's where the money is." Similarly, private funds are attractive to high net worth investors because they carry the potential for outsized returns - that's where the money is. Several factors explain this potential. Among them: [...]