Boz & Company LLC

04/07/2026

Minting money via the public purse:

"Funding a new DAF with highly appreciated shares of stock allows the donor to avoid capital-gains taxes while also taking a tax deduction. The deduction occurs when they transfer assets to a DAF. The money can be invested within the DAF tax-free and doled out to charity years into the future."

- WSJ.com via MSN.com

Donor-advised funds are allowing those giving to charity to get ahead of tax-law changes.

03/14/2026

"xAI is trying to keep up with OpenAI and Anthropic, two leaders working on large language models. xAI, whose chatbot Grok is integrated into the X social media platform as well as some Tesla vehicles, has struggled to compete for enterprise clients, particularly when it comes to automating software engineering.

'We’re currently behind in coding,' Musk said at an industry conference on Wednesday. 'I was just in a giant sort of all-hands on coding, going through all the things that need to happen to essentially exceed our competitors on coding, which I think we’ll do.'"

- WSJ.com via MSN.com

Weeks after merger with SpaceX, Elon Musk says xAI ‘is being rebuilt from the foundations up’

03/13/2026

"Investment is most intelligent when it is most businesslike. It is amazing to see how many capable businessmen try to operate in Wall Street with complete disregard of all the sound principles through which they have gained success in their own undertakings.

"A serious investor is not likely to believe that the day-to-day or even month-to-month fluctuations of the stock market make him richer or poorer.

- Benjamin Graham, Dean of Wall Street and Author of "The Intelligent Investor"

03/12/2026

"The elected officials are providing the public with the usual class warfare arguments. The tax supposedly will only hit 0.5% of taxpayers. Politicians also pull at the public’s heartstrings by stating that the new funds will be used for K-12 education, health care, and housing.

The public at large may cheer this on, until reality hits — or several realities hit."

- NYPost.com

Seattle resident Howard Schultz, the founder and longtime face of Starbucks, has announced that he will be drinking his vanilla soy latte in Miami from now on, driven off by a threatened millionair…

03/12/2026

While private credit funds may be appropriate for endowment funds, we steer clear of these types of illiquid investments for individual investors, who in contrast do not possess infinite time horizons.

"Cliffwater sold its funds primarily to individual investors, a playbook that larger competitors like Apollo Global Management, BlackRock, Blackstone and Blue Owl adopted, making them all increasingly dependent on 'retail' money for growth. They harbored hopes of getting an even bigger slice of individuals’ money, pushing to get access to 401(k)s."

- WSJ.com via MSN.com

Investors asked to cash out 14% of Cliffwater’s $33 billion fund while Morgan Stanley capped withdrawals.

02/24/2026

"[S]ome investors don’t pay any estimated taxes during the year. Instead, they make a taxable IRA withdrawal late in the year, when income is known. This way they have enough tax withheld to cover at least 90% of what they’ll owe, sidestepping penalties . . . The law considers withheld taxes to come in evenly throughout the year, even if they don’t.

David Norton, a retired engineer in Florida with an inherited IRA and investment income, got tired of spending hours each quarter determining his estimated taxes. Now he makes a large IRA withdrawal each December and has 99% of it withheld. That covers most of his taxes and avoids estimated-tax penalties.

'Quarterly taxes are a headache,' he says. 'This simple, once-a-year calculation would probably work for a lot of people.'”

- WSJ.com via MSN.com

It’s important, but not easy, to get the timing right for tax payments on income that doesn’t have withholding.

02/20/2026

Warren Buffett on productive assets vs. assets that don't produce anything, such as gold.

02/10/2026

Wherefore art thy Bitcoin?

Michael Burry, the investor who rose to fame shorting the housing market before 2008, warned that Bitcoin’s 40% slide since October risked turning into a “death spiral” that could hammer balance sheets. In a Substack post, he argued Bitcoin had behaved like a speculative token rather than a hedge against dollar debasement, even as gold and silver hit records.

02/09/2026

In investing, as in life, keep your eye on the big picture.

This video will make you question everything. Here we will take you on a mesmerizing journey through the cosmic expanse, unveiling the remarkable diversity i...

02/06/2026

"If you invest the way people gamble in casinos, you're not going to do very well. It's the long-term investment that works best.

But if you like the action of investing, sometimes winning, sometimes losing, just like people like the action when they gamble in the casino, those people are not my people.

I like the long-term investors who figure out something that's going to work over the long-term and buy that."

01/25/2026

Medicare premium monthly surcharge for higher income tax bracket individuals and couples. Financial and tax strategies to manage.

"What gives? The short answer is that Social Security payments are income that’s adjusted for inflation. Medicare premiums are determined by overall medical costs and are subtracted from your Social Security payments.

But there is a further subtraction for Irmaa, if your income exceeds certain thresholds.

And Irmaa leads to a longer, more complex answer. It’s increasingly important because Medicare Irmaa charges for about six million, higher-earning Americans today are projected to rise significantly. According to the 2025 Medicare Trustees Report, overall Part B Irmaa charges alone are expected to increase 30% from 2026 to 2030."

- WSJ.com via MSN.com

Nearly six million seniors owe extra Medicare premiums called Irmaa, and these charges are set to rise.

12/07/2025

The role of rearview mirror thinking and hindsight bias in investing - and in life.