The idea of value investing is perhaps most simply expressed in an old Wall Street axiom: “Buy straw hats in winter and overcoats in summer.” But is the concept as eminently straightforward as it first appears? And how did it make Warren Buffett the richest man in the world?
One of the issues for entrepreneurs who sell their business is what they should do with the proceeds. To go from being immersed in your business to more wealth than you are used to can be a worry for people who are used to being completely in control of their affairs.
One of the questions that all consumers ask themselves is: ‘Should I buy insurance?’ Most people correctly estimate that, on average, paying for insurance does not make financial sense. In other words, the amount paid in premiums over time usually exceeds any claims. This is, of course, to be expected as the insurance company intends to make a return.