Blog.

Lee Kuan Yew

Lee Kuan Yew, the first prime minister of Singapore who governed for more than three decades from 1959 to 1990, passed away last month. Lee left a legacy that proved that you can change a culture, you can pull a country out of poverty and you can create a first-world county that’s ranked 7th in least amount of corruption, highest in pro-business, provides economic freedom, ease of doing business, social cohesion, employment, education and the 3rd highest per-capita GDP in the world.

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Zero or Hero

During a recent investment committee meeting, I recalled a conversation I had back in the early ’80s with a fellow money manager who was much more experienced than me. I asked him what he thought the ideal “paranoid-conservative, set-it-and-forget-it portfolio” would look like. His response: 10% gold for economic uncertainties like hyperinflation and geopolitical stress, and 90% U.S. Treasury bills for stability.

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The Practice of Making Good Decisions

I just got back from a six-block walk to pick up a quinoa and avocado salad for lunch, and I found your question sitting in my inbox. My job does not seem stressful to me. I just make lots of (hopefully) good decisions. Before lunch, I entered an order to buy well over a million dollars’ worth of shares in a company with operations in Namibia, Philippines, Nicaragua, Colombia, and Mali.

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Education Education

His Name Was Flemming

His name was Fleming, and he was a poor Scottish farmer. One day, while trying to make a living for his family, he heard a cry for help coming from a nearby bog. He dropped his tools and ran to the bog.

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