Investment

The “Good Family” Blessing It has become common practice to refer to our Thanksgiving holiday as “Turkey Day.” For some people, that name is truly accurate. Not only is it mildly amusing, but if you don’t believe there’s any power beyond yourself that you ought to be thanking, it’s also more honest. If you’re a skeptic, being honest about it is good. When it comes to Thanksgiving, I’m not among the skeptics. So, I’d like to share with you a daily meal blessing that’s been used by four generations of a family I know named Good. You might want to […]

One of our favorite economic parables is the Fish Story, from Paul Zane Pilzer’s 1990 book, “Unlimited Wealth.” It is an excellent tool for thinking about wealth creation, inequality and redistribution. Imagine 10 people live on an island. Each day they wake up, catch two fish, eat them, and go back to bed. Its subsistence living at the most basic level. There are no savings – no stored or saved wealth. If someone gets sick and can’t fish, there’s no way to help them. No one has any extra. Now imagine two of these people dream up a boat and […]