Taxing the Wealthy Won’t Reduce Their Power

Published on May 4, 2026

It’s happening. California looks likely to put a “one-time” tax of 5% on wealth above $1 billion on the ballot in November, and polls suggest it could pass — despite opposition from some economists (not so surprising) and Democratic politicians (more so).

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Price Is What You Pay - Value Is What You Get (Part 2)

May 4, 2026
Chuck emphasizes that value, not price, is the key driver of successful long-term investing. Investors should avoid trying to time the market and instead focus on buying quality businesses at sound valuations. If a stock is undervalued, it may present a buying opportunity.

After a Rough March, Muni Bonds Still on Firm Ground

May 4, 2026
Like Treasuries and Treasury Inflation-Protection Securities (TIPS), municipal bonds betrayed their normally docile reputations in March as the conflict in Iran stirred increased volatility for normally subdued corners of the bond market.