Business Ownership and Wealth Management

Dana Barfield

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Top Stories by Dana Barfield

"This was the o bject of the Declaration of Independence. Not to find out new principles, or new arguments, never before thought of, not merely to say things which had never been said before; but to place before mankind the common sense of the su bject, in terms so plain and firm as to command their assent, and to justify ourselves in the independent stand we are compelled to take." --Thomas Jefferson "All that I have, and all that I am and all that I hope to be in life I am now ready to stake upon it; and I leave off as I began, that live or die, survive or perish, I am for the declaration." --John Adams at the signing of the Declaration of Independence "In Europe, charters of li berty have been granted by power. America has set the example ... of charters of power granted by li berty. This revolution in the practice of the world, may, with an honest praise, be pron... (more)

What Goes On In The Mind of Employers?

The Employee Meeting I would like to start by thanking you for attending this meeting, though it's not like you had much of a choice. After all, attendance was mandatory. I'm also glad many of you accepted my invitation to your family members to be here as well. I have a few remarks to make to all of you, and then we'll retire to the ballroom for a great lunch and some employee awards. I felt that this meeting was important enough to close all 12 of our tire and automotive shops today so that you could be here. To reassure you, everybody is being paid for the day --- except me. Sin... (more)

Unemployment – Causes and Consequences

Somewhere on the internet last week, mention was made that unemployment for high income people was (essentially) non-existent, while extremely high for low income earners. I was able to track down that data for the fourth quarter of 2009. Here it is by income: As you can clearly see the lower income levels are experiencing the greatest difficulty finding jobs. Interestingly enough, this data is not making its way into the mainstream. But even more interesting is the set of “circumstances” that has caused this, or at least occurred in the same approximate time frame. Minimum Wage... (more)

Further Thoughts on Unemployment

Several days ago I wrote a piece on Unemployment and the disparities existing between upper and lower income workers. In that piece, I mentioned the negative impact that illegal aliens have on wages and job opportunities for those that are already suffering in this economy. Several folks took offense that I would discuss this subject directly as I did. This is my additional thinking on the subject: 1. I speak from a position of personal experience and direct knowledge on the subject, having played a significant role in three different people emigrating from three different nation... (more)

BP as a Prospective Investment

Typically, when an event occurs that causes a stock’s price to drop significantly we would look at that stock as a potential investment. This is not and will not be the case with BP. Our first criteria for investment, is that the business be one of significant quality. BP cannot be considered quality. As David Leonhardt pointed out in his May 31 New York Times article entitled “Spillonomics: Underestimating Risk”. BP has been a company seeking profits to the exclusion of other equally serious responsibilities. Leonhardt wrote, “Years before the Deepwater Horizon rig blew, BP was ... (more)