Investing and accounting go hand and in hand. Yet while many investors spend time looking at balance sheets and income statements, there’s one accounting skill that isn’t often talked about. And in my experience, it’s incredibly important to security analysis investing success! So what is this mysterious accounting ability? Well, to put it simply, it’s […]
Best Business Deal Ever Made
in Personal Finance/by Kenneth W. BoydHuge success requires risk-taking, a well-conceived plan, and the guts to ask for something that may seem outrageous. Here are my best business deals ever, and three great business decisions that led to three of the most successful companies ever. Have a question about personal finance or entrepreneurship? Join the Ask Me Anything live chats […]
Epic Product Fails in Business
in Personal Finance/by Kenneth W. BoydProduct launches are tough- and even the most successful companies can fail every now and then. Here are some massive product failures, and what we can learn from them. Sony Betamax: Make the tent bigger I was fortunate to experience the huge changes in media and entertainment products over the past 45 years or so. […]
Largest Company Owned By Just One Person (Article, Video Link)
in Personal Finance/by Kenneth W. BoydIs accumulating massive wealth still possible in business? Yes- the answer to this question proves it. Interested in video discussion? See link at the bottom of the article. Dyson It’s difficult to pin down the largest company owned entirely by one person, but Sir James Dyson may be at the top of the list. Joe […]
Interesting Facts About Airlines
in Personal Finance/by Kenneth W. BoydTHIS LOUSY CUSTOMER SERVICE IS WHY YOUR AIRLINE IS GOING BANKRUPT! It was fall of ’97, and I was yelling at a gate attendant for TWA in St. Louis, one of the airline’s hubs. At this point, the airline had declared bankruptcy several times, and was finally purchased by American Airlines in 2001. I had […]
The 20 Most Interesting Facts In Business (Article, Video Links)
in Personal Finance/by Kenneth W. BoydCash is more important than profit. Even a profitable company can struggle without generating sufficient cash flow. I worked with a highly successful residential plumbing company for several years- who doesn’t need plumbing? Clients must be falling out of the sky, right? But there was a problem: the firm had taken on a huge commercial […]
Why Do So Many Young Entrepreneurs Think Their Ideas Are Worth Billions?
in Entrepreneurship/by Kenneth W. BoydI like to refer to my son as a “hit and run” cook, because he makes a big meal and leaves a huge mess. He means well- and the food’s good- but the process isn’t well organized. I see a lot of entrepreneurs who use this same approach, because some of them seem to be […]
How To Take Charge Of Your Investment Asset Allocation
in Personal Finance/by Kenneth W. BoydChoosing the right investment strategy is the key to reaching your investment goals by reducing risk and generating more revenue. The first step is to understand the definition of asset allocation, a term that will help you choose the right strategy and generate better returns. What is Asset Allocation? Asset allocation is the strategy of classifying […]
The One Accounting Skill All Stock Market Investors Need
in Personal Finance/by Kenneth W. BoydInvesting and accounting go hand and in hand. Yet while many investors spend time looking at balance sheets and income statements, there’s one accounting skill that isn’t often talked about. And in my experience, it’s incredibly important to security analysis investing success! So what is this mysterious accounting ability? Well, to put it simply, it’s […]
Is School Useless? The Rising Cost of Education
in Personal Finance/by Kenneth W. BoydHow many times is that guy going to say the word “congruent”? I was sitting in a Panera a week ago, and overheard a conversation between two people in their early 20s. I wasn’t eavesdropping- the dude with the earnest look on his face and the goatee seemed to be talking a little too loud […]
What Lottery Tickets And A Range Rover Teach Us About Personal Finance
in Personal Finance/by Kenneth W. BoydI saw a guy walking to his brand new Range Rover as he scratched off lottery tickets he’d just bought at the gas station. As I filled up my Honda, I watched as he got into his Range Rover- because I just wanted to convince myself that it was his car. Now, I came up […]