Archive | February, 2011

Critical Analysis of Buffett’s Annual Letter

I’ve written a lot about Buffett over the years.  I think this is the eighth shareholder letter that I have written about.  I have the unique perspective of being both an actuary and a value investor.  I get what Buffett is doing, though by no means am I his equal.  This is a commentary on […]

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CPA TALENT SHORTAGE

I have a featured article in the AICPA’s Career Insider newsletter.  I’m very pleased.   I hope you’ll read it. It is titled:  Blame It On The Retiring Baby Boomers – Gearing up for the looming talent shortage, one million and counting. The main message is:  Firms that don’t craft a strategy to better attract, […]

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Why Accountants Make Horrible Business Leaders

Peter Drucker wrote: “Leadership is something that must be learned.” So when I say accountants make horrible business leaders, please know that it is primarily their choice–they could be great business leaders if they wanted to put in the work and discipline themselves to develop the key leadership skills. There are basically five areas of […]

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Social Networking Works Both Ways.

Turbo Tax has a problem on their hands. They offer, through Santa Barbara Bank and Trust (or a portion of that bank), a program which will allow their clients to have the cost of Turbo Tax and filing their return come out of their Federal refund for an extra fee. The taxpayers can opt to […]

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2011 High Frequency Trading Technology Trends

I had a chance to have a great conversation with Richard Churchill, Agilysys Vice President of Sales for Europe. Given that Agilysys has been working with High Frequency Trading (HFT) customers recently I asked Richard what three things he would tell a technologist new to HFT were the three most important things to consider.  He […]

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Book Review: Uprising

It is really easy to compare growth rates of emerging and developed markets and the developed markets feel inferior.  But imagine this practical example: a toddler could say to a teenager, “Percentagewise, I am growing faster than you.”  The teenager would respond, “Percentagewise? You don’t know what it means, kid, and I am growing faster […]

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Is it time for a cultural revolution inside your firm?

I am very privileged.  I get the chance to meet, talk with and work with some of the most inspired and successful CPA firm leaders and some of the most troubled and struggling CPA firm leaders; all of whom are quality individuals of high integrity but are citizens of two very different cultures. Firm culture […]

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The Best Way to Solve Your Cash Flow Problems

A friend of mine has said there is no such thing as a bad business or entrepreneur; it’s just that most of them run out of cash before they can figure out how to build a sustainable business model. Whether you agree or disagree, at the heart of that sustainable business model is paying customers. […]

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