Marriott is one of the largest hotel companies in the world but it owns very few hotels. They run an asset-light business model that avoids the significant capital expenditures associated with acquiring, developing, or maintaining hotel properties. This also reduces… Read More
The first true pharmaceutical biotech company was Genentech. Launched in 1976 and funded by the now legendary venture capital firm Kleiner Perkins, Genentech would license a new recombinant DNA technology to make insulin safer, faster, and cheaper than the current… Read More
During any market correction — we’re lumping corrections and bear markets into one category for this article — a common question is how are you managing risk in the AMM Dividend Growth Strategy? Risk management is something that happens before… Read More
The Perfect Food Pizza is the perfect food. It’s a complex taste with the perfect blend of fat, sweet, and rich foods. Cheese provides the fat. Pizza sauce is sweet. And meat toppings provide the richness. Pizza’s taste complexity is… Read More
It’s late summer in San Diego and you’re spending the day at the Del Mar Racetrack. You’re not much of a gambler but the sun, the cocktails, and the excitement of the crowd puts you into the betting mood. Again,… Read More
You’re sitting inside the cockpit of a converted ICBM missile about to be launched into space. The last 7 times NASA test launched this rocket it was a success, but the first 20 test launches had a 45% failure rate…. Read More
The defense sector consistently generates high returns on equity and invested capital and Northrop Grumman is no exception. And the defense sector has a history of consistently returning large amounts of capital back to its shareholders. Over the last 10… Read More
Brewing beer is a simple recipe. Water Malt Yeast Hops First, mill grains to break up the kernels. Then steep the grains in hot water to turn its starches into sugar. The result is a sweet liquid called wort. Then… Read More
Suppose the next time we see you we lay out the following 4 cards in front of you like this. Then we give you the following statement. If a card has a vowel on one side then it has an… Read More
We’re going to flip a coin one time. If the coin lands on heads then you win $200. But it the coin lands on tails you lose $100. Are you willing to play this game? If you’re like most people… Read More
A well-rounded estate plan addresses not only the distribution of wealth but also the welfare of your loved ones and the management of crucial