moneyFYI
Financial Freedom Is Merely Organized Common Sense
Category: What The Martian Saw
I Stand Corrected
For many years I have been a firm proponent of this idea, “Never give a job to someone who will be harmed if they do it successfully.” Apparently, this law is not universally applicable. I have always believed that the least likely group to… Continue Reading “I Stand Corrected”
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Nothing Changes
What follows is a number story. It is interesting because it makes us think in new and different ways. One of the new ways is that the world does not work the way you think it does. Failing to notice that could be expensive. … Continue Reading “Nothing Changes”
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Sane Comment About Fees
There has been much commentary on transparent investment fees in the past several months. This one in the Globe & Mail by Preet Banarjee is excellent. Financial industry needs more transparency on fees Preet makes several good points. For example, some advisers and fund… Continue Reading “Sane Comment About Fees”
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The Lucas Critique
Robert Lucas is an economics professor at the University of Chicago and the 1995 winner of the Nobel prize in economics. His work is foundational in behavioral economics, New Keynesian economics, and micro-economic based macro models. He is one of the most influential economists… Continue Reading “The Lucas Critique”
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Hmmm??! Appears There Is No Consensus
Yesterday I pointed out that anti-idling bylaws did nothing to cure carbon emissions and they were an empty political gesture. I think dumb may have come up too. I further postulated that the cost to stop and then accelerate back to normal speeds is… Continue Reading “Hmmm??! Appears There Is No Consensus”
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Stop Signs Are Killing The Planet
Our city has passed an anti-idling bylaw presumably to cut down on vehicle emissions. I doubt they intend to enforce it but it is a nice gesture I’m sure. It is incontrovertible that a car that is turned off emits less than one that… Continue Reading “Stop Signs Are Killing The Planet”
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Belief Derived Reality
I have been reading, “The Believing Brain” by Michael Shermer. It is worth a look. His summary of the book: We form our beliefs for a variety of subjective, personal, emotional, and psychological reasons in the context of environments created by family, friends, colleagues,… Continue Reading “Belief Derived Reality”
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Chasing Madoff
We watched “Chasing Madoff” on TMN last week. While Bernie Madoff is a well documented disgusting person, it is even more disgusting that, when he brought Madoff to their attention, an honorable and courageous man like Harry Markopolos met resistance from the SEC, the… Continue Reading “Chasing Madoff”
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A Conclusion So Bad It Is Not Even Wrong
If you give someone an exam, especially a standard exam, that requires that the student repeat the right answers, then, based on the results, you will decide that today’s students are inept compared to their predecessors. While that is a possibility, it is more… Continue Reading “A Conclusion So Bad It Is Not Even Wrong”
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A Different Future
Lakefield Ontario sculptor, Don Frost, shared this image a few days ago. It is from “Imaginary Foundation” a purveyor of T-shirts and other items. You should take a look at both sites. I think the image is brilliant. An interested and probably objective person,… Continue Reading “A Different Future”
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