- ROBERTS: FULL EMPLOYMENT
Mackay Shields’ award winning fund manager, Dan Roberts told WealthTrack that the Trump economic agenda of tax cuts, infrastructure spending and regulatory roll backs is indeed stimulative but is not going to have as big an impact as the bulls believe. A major reason: the state of the labor participation rate.
- BILL AND MELINDA GATES: PHILANTHROPY WITH AN IMPACT
BILL AND MELINDA GATES: PHILANTHROPY WITH AN IMPACT
“The best investment any of us can ever make is in the lives of others.”
Bill and Melinda Gates wrote a message worth sharing with WealthTrack viewers in their annual Bill and Melinda Gates Foundation letter. It is the answer to a letter they received from Warren Buffett, their close personal friend and the largest outside donor to their foundation. In 2006 Buffett pledged Berkshire Hathaway stock then worth more than $30 billion to the foundation to be given in 5% annual increments. So far the donations have added up to $17.26 billion. The Gates define the impact.
- DREIFUS: SLEEPING COMFORT
Great value investor Charlie Dreifus follows an investment rule for himself and recommends the same to others. He calls it: “Investing to your sleeping comfort.”