A Guide to Starting Retirement at 50
As I look at my 17-year horizon toward retirement, I often compare my investment strategy to the business I have run for the past decade. In business, you don’t just rely on one product to sustain the company forever; you balance your stable, cash-flowing lines with innovative new ventures. You must protect the foundation, but … Read more
There is a popular narrative in finance: “Individual investors cannot beat the market, so don’t even try.” For most, this is sound advice. If you treat the stock market like a casino—guessing, gambling, and chasing “hot tips”—you will lose. But as a business owner, I find that advice incomplete. If you are willing to do the hard … Read more
At 50 years old, the traditional narrative tells me that I should be preparing to slow down. I am told to protect my capital, reduce my risks, and watch the calendar until 67. But after running a company for the last decade, I don’t see age 50 as a “winding down” phase. I see the … Read more
We live in a world that respects the process of preparation. To become a lawyer, we spend years in classrooms and countless hours studying case law. To become a master carpenter or a skilled engineer, we dedicate years to apprenticeships and technical training. We understand, intuitively, that high-level outcomes require high-level preparation. We wouldn’t dream … Read more
There is a popular belief in the investment world that “more is better.” If you hold 50 stocks, you are safer than if you hold 5. If you hold 100, you are safer still. But in my 10 years of running a business, I have learned that complexity is rarely your friend. In fact, when it comes … Read more