Not Cheering A Record-Setting Stock Market

Not Cheering A Record-Setting Stock Market

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Wall Street

It’s silly season in stock market news again. By that I mean the regular “stock market reaches new highs, hooray!” headlines and commentary. I’ll start by unpacking some reasons why this is silly news, and how you can be a much more sophisticated reader of financial news. I admit upfront that you’ll risk being a [&hellip

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

Ask An Ex-Banker: Use Savings Or Debt To Pay For School?

By The Banker | Ask an Ex-Banker, Blog Posts, Investing, Personal Finance, Texas

Note: An ex-student of mine reached out to ask a question many face… Is it best to use savings and investments for graduate school, or to take out loans? Dear Banker,  I saw you answered  a question from a former student about paying down debt and being unemployed on your blog. So I thought I [&hellip

Risk and Uncertainty and Heuristics

Risk and Uncertainty and Heuristics

By The Banker | Blog Posts, Investing, Personal Finance, Texas, Wall Street

I’ve become very attached to the “Five Year Rule,” which is my consistent rule-of-thumb answer to the question: Should I invest in stocks? Five Year Rule How does the Five Year Rule work? I answer the “should I invest question” with a question of my own. Will you need the money in less than five [&hellip

Student Loan Nationalization

Student Loan Nationalization

By The Banker | Blog Posts, Texas, Wall Street

I’ve heard zero public discussion of the effective nationalization of higher education lending over the last six years. In 2010, with the Great Recession crisis still fresh in our minds, amidst the passage of the Affordable Care Act (aka ACA, or Obamacare), the federal government all but eliminated the private sector student loan business and [&hellip

Book Review: Risk Savvy by Gerd Gigerenzer

Book Review: Risk Savvy by Gerd Gigerenzer

By The Banker | Book Reviews, Personal Finance

Gerd Gigerenzer wrote Risk Savvy: How To Make Good Decisions in the spirit of Nate Silver’s The Signal and The Noise, and Innumeracy by John Allen Paulos. These latter books propose a “How To Think” while also proposing that people should be taught to think differently, and stop making epistemological errors. Distinct from The Signal [&hellip