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Tag Archives: wealth accumulation
LISTEN: Uncertainty Example: The Boss Of The Yankees And His Estate (mp3audio) (7:42 min) On December 13, 2010, BTN Research, referencing information from Forbes, published the following news item: “George Steinbrenner, the principal owner of the New York Yankees baseball … Continue reading
One of the standard methods of assessing the desirability of a particular financial decision is to evaluate the benefits and associated costs. But what is the true cost of a financial decision? Even in the simplest transaction, the cost isn’t … Continue reading
LISTEN (mp3audio) (20:16 min) Buzzwords, Trends, and Unintended Consequences Here are a few financial particulars currently receiving a fair amount of attention in the financial press: BUZZWORD: PHASED RETIREMENT The combination of a struggling economy and declining asset values has … Continue reading
LISTEN (mp3audio) (5:45 min) Right before the 2010 Super Bowl, a page 1 article in the February 5, 2010 Wall Street Journal opened with this sentence: “Investors are sometimes accused of treating the stock market like a casino. Now, one … Continue reading
“Some macroeconomists say if we just study the numbers long enough we’ll be able to design better policy. That’s like the sign in the bar: Free Beer Tomorrow.” – Russ Roberts, Economics Professor LISTEN (mp3 audio) (14:12 min) One of … Continue reading