Boycotts, Social Media & Goldman Sachs [Editor’s Note: if TV networks play re-runs during traditionally slow times of the year . . . bloggers can recycle old posts. The following, which originally appeared November 13, 2009 (!), is one of my favorites. “Your Money’s No Good” is also the title of the second book I...Read More
Minnesota: Global Warming Winner According to scientists, which of the following are associated with global warming? A. Drought B. Floods C. Tornadoes D. All of the above. Answer: D. According to Weather Underground found Jeff Masters, “the 2011 Mississippi and Missouri River floods were higher than any other year, the 2011 Texas drought drier than...Read More
I learned what financial compounding is a LONG time ago: in essence, it’s using money to make money. That’s why, over enough time, a small sum becomes staggeringly large. Example: if the Indians who sold Manhattan had been able to earn 8% compound interest on the $24 they received in 1626, almost four centuries later they...Read More
Can You Say, “Useless Platitudes?” With the usual onslaught of year-end investing articles, I’ve noticed a sub-genre emerging this year. Namely, advisors who claim that the secret to market-beating performance is “avoiding bear markets” (and implicitly, that parking your money with them is the best way to do that). I suppose the corollary would be,...Read More
My household doesn’t eat ham or bacon, because we avoid eating pig products, which Jewish dietary laws prohibit. But we take some liberties when we eat out, like this morning. So, biting into (apparently) his first piece of real bacon, my 9 nine year-old son excitedly pronounced, “It tastes like Baco’s!” General Mills, owner of...Read More
“The Liquidity Interest Rate Trap” Well I don’t know why I came here tonight, I got the feeling that something ain’t right, I’m so scared in case I fall off my chair, And I’m wondering how I’ll get down the stairs, Clowns to the left of me, Jokers to the right, here I am, Stuck...Read More
