THIS 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 […]
Cash 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 […]
Choosing 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 […]
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 […]
How 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 […]
I 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 […]
After years of struggle trying to build a business presence online, I’ve started to have a little success based on one key point: Succeeding online isn’t a whole lot different than building a “brick and mortar” product or service business. Click Here For Free Report: 10 Great Resources For Personal Finance Now, I’ll grant you, […]
Ron Burgundy believed that diversity was old wooden ship, but diversity is also a great reason to invest in mutual funds. (kinda wish that they would have asked Brick Tamland for his opinion). I answered this question on Quora. To answer this question, I’ve explained mutual funds and also provided a tool you can use […]
There are many money-making paths you can go down, but you’ll be miserable if you pick the wrong one. If the path you choose feels like drudgery, you probably won’t succeed. I loved how Mladen Adamovic started this answer to this question, because it illustrates how we all have our own biases about business ideas. […]
Skimming the online version of The Wall Street Journal each day will have a massive impact on your ability to understand investing. “Well, that’s a pretty bold statement.”