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January 10, 2012

Return on Capital? Return of Capital? Try, Neither

Short-Term German Bonds Pay Negative Interest “I am not so much concerned with the return on capital as I am with the return of capital.” –Will Rogers Want an indication of just how bizarro today’s environment of zero percent interest rates (“ZIRP”) is? Investors just accepted a negative interest rate on short-term German bonds:  In an...
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Realtors and “Non-Billable Hours”

Realtor “Loss Leaders” First of all, how can professionals who are paid via commission have such a thing as “non-billable hours?” Don’t you have to be a lawyer (I was), CPA (ditto, a long time ago), financial advisor, etc. for that to apply? Technically, yes. But what I mean by “non-billable hours” for Realtors is...
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