A while back, a Tel Aviv woman named Anat decided to surprise her elderly mother with a gift. Noticing that she had been sleeping on the same worn out mattress for decades, Anat replaced it while her mother was out one day. She then took the old one out to the curb. It wasn't until the next [...]
Alvan Bobrow
Let me tell you about Alvan Bobrow. His tale—and specifically his lawsuit—are important for every investor to understand. That’s because the legal loophole he sought to exploit is now a pothole for everyone else. The first thing to know about Bobrow is that he is a tax attorney, and back in 2008, [...]
Four overlooked benefits of Roth conversions
Congress is back at it, aiming to change the tax laws again. Just since 2017, there has been the Tax Cuts and Jobs Act (TCJA), the SECURE Act and the CARES Act, each of which contained tax provisions, some very significant. And as we speak, Congress and the White House are horse trading on another [...]
Edward Lorenz
In 1972, an MIT professor named Edward Lorenz published a paper titled Predictability: Does the Flap of a Butterfly’s Wings in Brazil Set off a Tornado in Texas? It was a catchy title. Though Lorenz didn’t mean it literally, the basic idea was that events in the physical world are highly [...]
Choosing an umbrella
On February 27, 1992, Stella Liebeck ordered a cup of coffee from a McDonald’s drive-through. But moments later, as she attempted to open the lid, the cup spilled, causing a burn that sent her to the hospital. Her injury was serious but self-inflicted and not life-threatening. Nonetheless, she sued [...]
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