Last week, I talked to a guy who owns several truck stops, a diesel fuel wholesaling company, and a portfolio of industrial real estate. He told me that he could buy truck parking lots and rent them...
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Santa undoubtedly learned how to deliver billions of packages around the world, by aircraft, in a single night, by emulating FedEx. In 1971, Yale alumni Fred Smith founded FedEx with the goal of...
Inside the Mormon Family Office that Invented Man-Made Diamonds
What's better than turning lead ($1 / lb) into gold ($22,000 / lb)? Turning graphite ($10 / lb) into diamond (~$1 million / lb). And Howard Tracy Hall was the first person to invent a way to do...
The IRS does not allow investors to directly 1031 exchange into a REIT, but you can indirectly 1031 into a REIT by first 1031 exchanging into a Delaware Statutory Trust (DST) which is already in the...
"The standard package includes a 6 month rental of 2 chickens and a chicken coop for $485. After delivery and other expenses, the gross profit margin is 39%. And that's just for the standard...
It costs $9,900 to die in the United States. That’s the national median funeral cost including burial in 2022. For that price, you get a $2,500 casket, a $2,000 burial plot, $775 of...
The Economics of Stadium Names: Sell your stock in (most) companies that buy them
"That's a pretty interesting result to anyone running a hedged long/short investment portfolio, especially with energy prices so high. It also means that if I personally held any private stock in...
How to Sell Your Company for $1 Billion & Pay ZERO Capital Gains Tax
"Kara sold her software company for $1.33 billion and paid ZERO capital gains taxes. I don't mean the tax bill was deferred to a later year. I mean the tax bill was erased from existence....
The Different Types of Sales Tax EXPLAINED: VATs, Excise Taxes, Tariffs, and More
A sales tax is a government fee imposed on the sale of a product or service. There are several different types of sales taxes used by governments around the world: Retail sales tax: A...
Why Berkshire Hathaway Can Buy Companies for Less Than Fair Market Value
Imagine you are an entrepreneur. You started a company decades ago with a few thousand dollars, and now that company has grown into a large business that makes tens of millions of dollars per year...
Netsuite is built for product companies more than service companies. However, companies can still invoice customers for services through Netsuite. This article explains, step-by-step, how to create...
Excel's SEQUENCE function can be used to generate either a 1-D list or a 2-D array of sequential numbers. Example 1: Using SEQUENCE to generate sequential numbers in a column Only the...
Top 15 Largest Consulting Firms in the World by Number of Employees
There are many types of consulting firms, but for the purpose of this article I will define a consulting firm as a company that provides unregulated white collar services to other...
Why Redfin Isn’t Profitable (Even After Raising Over Half a Billion Dollars)
I read 1,800 employee reviews & 2000 app reviews to understand why Redfin isn't profitable, despite raising over $500 million. Here's what I discovered: 1. Redfin employee training...