Wealth Planning & Management Newsletter

Newsletter

Wealth Planning & Management, LLC.

Thoughtful Wealth Planning&Management was published
four times each year until 2006. Its messages are
enduring.

The newsletter challenges individual investors to think about the
investment process and to search for new risks. It makes observations
about personal investment habits and expresses strong opinions about
management of companies.

To stimulate thought, the newsletter is direct and potentially affronting.
For example, a reader who has a habit of speculative day trading may
be challenged by newsletter comments that such activity is
unproductive, wasteful and stupid. Also, a company executive may
become uncomfortable upon reading that he or she is taking too much
compensation or is otherwise demonstrating lack of respect for
shareholders. The purpose of such comments is not to insult. Instead, it
is to create new ideas and points of view that readers can use to make
profitable investments.

Issue #40, November 15, 2006:
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Cruising: Tips for smooth sailing
For the cheats among us: “No-fax” and “no-spam” rules, please!

Issue #39, May 15, 2006:
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What to look for in an enduring business
What to be wary of in business
How to “walk the field”

Issue #38, February 15, 2006:
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Examining our system of wealth allocation
Market behavior and personal behavior
Too much disclosure
Not enough resources

Issue #37, November 15, 2005:
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Katrina
Do as I say, not as I do
Prediction?
The national debt
Shooting the messenger
A request to readers
Price, the predictor?
A loss for us; a lesson for all

Issue #36, August 15, 2005:
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Security—or permanent irrevocable isolation?
Great CEOs—Vision you can’t see
Unethical counsel—red flags you can see
The stock picker

Issue #35, April 1, 2005:
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Biography of Tim Wright
Credit card sense
Pitfalls of instant charities

Issue #34, November 15, 2004:
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Welcoming Tim Wright and Paul Coan
Saving money and some philosophy
Estate planning

Issue #33, August 15, 2004:
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Privacy is a body with five arms
WP&M's privacy policy
Ideas to save money

Issue #32, May 15, 2004:
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The rule that is true in all things
The "look alike" principle
Criticizing private philanthropy

Issue #31, February 15, 2004:
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Fair pay for an honest day's work?
Questions about what we "know"
Truth in fiction—LeCarré revisited

Issue #30, November 15, 2003:
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The Sidewalk Café investment club
Short takes on zero-sum games, literacy, taxes, privacy, and market aversion
Aging gracefully

Issue #29, August 15, 2003:
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Personal finance: "I was taken!"
The chaotic nature of rate-of-return statistics
In the unlikely event of a crisis, a plan

Issue #28, May 15, 2003:
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All about bonds for the public good
The folly of high compensation in the executive suite
A few factors that affect the market for tax-exempt bonds
When realizing loss makes sense

Issue #27, February 15, 2003:
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About mutual funds and fees
Truths for both bull and bear markets
Fear’s invasion of the psyche
Another service worth the taxes we pay

Issue #26, November 15, 2002:
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The incredible importance of commitments
On not getting a second opinion
Looking positively at the down market
A service worth the taxes we pay

Issue #25, August 15, 2002:
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A famous American's Thirteen Virtues, modified for investors
Coincidence and Confidence in investment choices
How should investment services be marketed?

Issue #24, May 15, 2002:
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Excessive executive compensation
Histo-Tourism, an odd commodity that can obscure real histsory

Issue #23, February 15, 2002:
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Lessons on Listening
Saving for College
Harmony

Issue #22, November 15, 2001:
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Learning from Howard's Success
Wandering--Thoughts on Perspective
Personal Security

Issue #21, August 15, 2001:
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The Ad Was Enticing. . .
Whisper Numbers

Issue #20, May 15, 2001:
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The Fear of Loss
Prognostication--Easy Money
The National Speculaton Safety Board

Issue #19, February15, 2001:
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Two New Associates
Observing the Supreme Court
The Year 2000 in Review

Issue #18, November 15, 2000:
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A Visit to the Supreme Court
Investor Alice in Wonderland

Issue #17, August 15, 2000:
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Thoughts While in Philadelphia
Speculation--Avoiding the Tricks of the Illusion Trade

Issue #16, May 15, 2000:
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Parental Love and Family Economics
The Skinny on IPOs
Accepting Change

Issue #15, February 15, 2000:
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To Cut or Not To Cut
Investing In Vacations
Performance Information, Trustees' Dilemma

Issue #14, November 15, 1999:
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"What is your philosophy?" she asked. "I do not know," he replied.
Oh, those wonderful misconceptions
Advice from Shakespeare

Issue #13, August 15, 1999:
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Uses of stock market data; enough is enough!
To buy or to rent, continued.

Issue #12, June 15, 1999:
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Mining for Data
The Past is Past
To Rent -- or Not to Rent

Issue #11, April 15, 1999:
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To Nurture Dreams
Secrecy in Investment Committees
Seeking New Advisors, Relationships Compared to Performance

Issue #10, February 15, 1999:
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Prognostication is not investment advice
Calling other advisors to task
Improving net worth by reducing taxes

Issue #9, December 15, 1998:
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How the "patient" must be patient
A summary of Modern Portfolio Theory

Issue #8, October 15, 1998:
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Should you follow the great? (History of The French Panama

Canal Company)

Show me the value. "Immensely Valuable Advice"
On the nature of a bear market.

Issue #7, August 15, 1998:
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The Spice Trade--formation of The English East India Company
Sunbeam, a classic speculation, a 'straw hat in winter?
Do you know where your net worth is tonight?

Issue #6, June 15, 1998:
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Predicting is fun, but futile
Company comments: Loral and ServiceMaster
A Tale of Good Intent--the dangers of giving good advice

Issue #5, April 15, 1998:
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"Style" compared to "temperament"
The culture of investing
Memories endure only ten years
Automatic Data Processing, Inc., a company that affects your life

Issue #4, February 15, 1998:
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The costs of anger and other investor emotions
Cracker Barrel Old Country Store: A place to eat and to invest
Michael O'Higgins changes horses, from Dow Dogs to Bond Dogs

Issue #3, Dec 15, 1997:
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Risk explained by reference to Verifone, Gentex, CyberCash and Amazon.com
Why government will break up Microsoft
Buy when you do not want to buy

Issue #2, October 15, 1997:
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Portfolios of individual securities such as common stocks give investors a greater net
worth than portfolios of packaged investments.
Absurd beliefs of the investment business.
Invest in the manufactured buildings industry.

Issue #1, August 15, 1997:
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Cartoon by Gary Trudeau about company management.

The importance of mental lists. How negative mental lists restrict thinking,
observation and profit.
Opportunities in the paging industry.
History of the American banking crisis and opportunities therein. Moral: the best
time to buy is when you do not want to buy.

Opinion: Are you a CEO taking $200 million annually from a public corporation? If so, stop, or
prepare to face the metaphorical firing squad.

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