30-year Bonds, Then & Now A financial Rip Van Winkle who awoke from a 30 year sleep this Fall would be suffering from vertigo, for a variety of reasons. Reason #1:  the 30-year U.S. Bond they purchased in Fall, 1981 would have just matured. Instead of collecting a risk-free 15% the last 30 years — perhaps the all-time best investment...Read More

I thought George Clooney’s The Descendants was a terrific movie — the best of the year, in fact. So, I’m not going to give away the plot, beyond noting that real estate figures prominently in the engrossing story. Specifically, because of something called “The Rule Against Perpetuities,” the trust run by Matt King (George Clooney’s...Read More