Elizabeth Warren Video Watch Senator Elizabeth Warren speak out on behalf of those without a voice. A giant, Wells Fargo and CEO John Stumph, is called out for cross selling to unsuspecting victims, blaming thousands of front line staff, and for pocketing hundreds of millions in compensation. The result – a giant takes a knee and a win for […]
Quants: The Alchemists of Wall Street
If you’re close to the money, you know, like an oyster farmer, I eat 100 oysters a week. How many people eat 100 oysters a week? Well I eat them because they are there. If you’re in the business of making money and moving money around and counting money and its in the units of […]
Too Many Clowns Without Financial Plans
Link: The Financial Post, Too Many Clowns Without Financial Plans on Mortgage Cents Here is an interesting article about clowning around with financial planning. There is a fear factor to financial planning because most people think it means giving something up and they don’t want to do that. They don’t have to!
Reducing Risk Through Time Diversification
Link: Barry Nalebuff – Reducing Risk Through Time Diversification This video supports the prudent and “conservative” use of leverage. The subject is hotly contested any time the financial markets become choppy and 2008 was a storm. I think everyone needs to make their own assessment of what tools to apply but having said that, new […]
“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem
Link: You Tube – Fear the Boom and Bust This is a whimsical rap version of economic perspectives. It’s an interesting way to communicate the difference between supply side economics and the animal spirits that often drive the markets.
Planning for the End of Oil
Link: TED.com – Richard Sears Planning for the end of Oil It wasn’t long ago that filling my gas tank was costing me close to $120. Oil was trading at around $140 per barrel at the time. The long term average price for oil up to that point was about $40 per barrel and today […]