MultiGen Wealth Services

Charlie Munger on Warren Buffett on how we designed .

1. He wanted continuous maximization of rationality, skills, and devotion of the most important people in the system, starting with himself.
2. He wanted Win/Win results everywhere in gaining loyalty and by giving it.
3. He wanted decisions that maximized long term results, seeking these from decision makers who usually stayed long enough in place to bear the consequences of decisions.
4. He wanted to minimize the bad effects that would almost inevitably come from a large bureaucracy at headquarters.
5. He wanted to personally contribute, like Professor Ben Graham, to the spread of wisdom attained.

Great advice for any business owner.

Nice research piece from LPL Financial, be optimistic but keen an eye on valuation.

Will Stocks Rally in Year Two of Fed Rate Cuts? LPL Research discusses how the stock market has historically performed during year two of Federal Reserve rate-cutting cycles.