moneyFYI
Financial Freedom Is Merely Organized Common Sense
Category: What The Martian Saw
Sunk Costs Are Confusing
How we come to the present should not restrict decisions about the future.
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Learn to Earn
Money is a common topic of news and of conversation. It is a principle stock in trade for politics and even for sports. People seem to enjoy wealth. Woody Allen, claims that rich is better than poor, if only for financial reasons. Why is… Continue Reading “Learn to Earn”
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The Roots of Violence
Perhaps someone could send this to officials in Washington, Baltimore, Chicago, and St Louis. Somehow it addresses important issues they presently overlooked. The Roots of Violence: Wealth without work, Pleasure without conscience, Science without humanity, Knowledge without character, Politics without principle, Commerce without morality,… Continue Reading “The Roots of Violence”
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Oil Prices Are Political Not Economic
When I was much younger, a seasoned real estate professional explained the nature of rental pricing. It has to do only with the margin. The few things actually in play. The large underlying base has little effect in the short term. “If there is… Continue Reading “Oil Prices Are Political Not Economic”
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Feedback Matters
In one respect the legal system has ceased working. It takes too long. It is like running in molasses. People cannot wait forever for either validation or dismissal of their actions. Feedback matters. Feedback shapes future, presumably better, action. In April 2014, an Ontario… Continue Reading “Feedback Matters”
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The Devil Made Me Do This
Section 3480 of the CICA Handbook deals with extraordinary items and their disclosure in financial statements. An extraordinary item is unusual, and typically non-recurring. It should be disclosed separately so that investors will have a clear view of the results of ongoing operations of… Continue Reading “The Devil Made Me Do This”
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Michael Jordan Says
Dentists tend to make a great deal of money each year. So do MDs. Especially specialists. Any thoughts about why? They are highly trained and skilled. They supply a needed service That is not enough. There is another crucial factor. Their appointment book is… Continue Reading “Michael Jordan Says”
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Do Advisers Add Value?
On Saturday I mentioned that people never question your price; they question your value. It follows then that people who believe that investment management fees are too high, must be questioning value. The critics of the industry argue that many advisers are merely salespeople… Continue Reading “Do Advisers Add Value?”
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The Tragedy of The Commons
Garrett Hardin, an American ecologist, introduced the idea of “The Tragedy of the Commons” in the late 1960’s. It was not an entirely new idea, even Adam Smith, seemed to know about it, but Hardin’s description of it is more complete and thoughtful. “Tragedy… Continue Reading “The Tragedy of The Commons”
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Price Does Not Indicate Value
Price, by itself, is a poor indicator of value. Things have a lower price for a reason and the reason is that you are buying less. If you do not know the excluded parts, there is no way to assess value. The result of… Continue Reading “Price Does Not Indicate Value”
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