The tax tail should never wag the investment dog.

Most people don't think about it [tax planning] until they start thinking, 'Oh, I have to set an appointment with my tax preparer,' in February or March. And it's too late.

I don't pay a health and safety fee to restaurants. If they want to raise the price of the meal, that's fine. But customers shouldn't order something and not know what is going into the bill.

There is usually an agreement between the person and the trustee that this will happen. But you certainly don't want it written down.

We have been looking at Hertz for more than three years and believe it fits squarely within our investment strategy — a complex corporate divestiture of a market-leading business with a powerful franchise and opportunities for profitable growth.

Rebuilding stronger and safer and more flood-resistant is a wise investment of tax dollars. There recently has been an independent study by the Mitigation Hazard Council that has indicated that each dollar spent on disaster mitigation saves society on the average of $4.