Twenty-two years ago I had a lunch in San Diego with the President and insurance coordinator of Private Ledger, a small financial planning firm in San Diego. This was before “financial planning” meant anything. I was the new American Skandia National Sales Manager. We had no A.M.Best ratings, nor any ratings from S&P. Fitch […]
LPL Financial’s IPO is the story of the American Retirement Dream Fulfilled. This IPO is not unlike the IPO of Apple or Microsoft for their respective industry. Todd Robinson, Mark Casady, Jim Putnam and countless others followed the desires of the American investing public for independent advice, fee for service, non-proprietary products and superior technology.
Together they have […]
By late 1974 very little of the stock market was left in the “upper tier” and the vast majority, including a number of perfectly good companies, were in the rubble below. When asked later about this period Warren Buffet replied, “1974 in terms of buying opportunities—that was the best period I have seen.” Market prices […]