Accountable Update

Tax Planning Opportunities in a Shemozzle (aka 2020)

2020 can be described with many adjectives. Chaotic, unpleasant, snafu, and train wreck are just a few colorful terms (fit for print) I’ve heard to describe this year from, well, Hell. Maybe dumpster fire is the metaphor that came to mind for those that watched Jennifer Anniston struggle to extinguish a small fire Jimmy Kimmel set to kill germs on an Emmy award envelope earlier this week.

Fortunately for the winner, the envelope survived the inferno, and all was well. At least in Hollywood. For those of us that don’t make a living pretending to be other people, there may also be some lemonade to be made from the 2020 lemon, too.

Oracle Sees Value in Rising Sun?

This week, Warren Buffett turned 90 years old. Happy Birthday, Warren! Also, his company, Berkshire Hathaway, announced they had taken huge stakes in five of the largest Japanese conglomerates. In a year when Tesla, Apple, and other growth stocks have seemingly done nothing but go up, some may wonder why the world’s most famous stock investor would invest billions of dollars in companies like Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp. Given the dismal performance of Japanese stocks over the past 30 years or so, the questions aren’t surprising.

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