Like Visiting An Old Friend - Bad Debt Buying

Like Visiting An Old Friend – Bad Debt Buying

By The Banker | Blog Posts, How Not To Invest, Investing

In my pre-Bankers Anonymous days, one of my primary investing activities was purchasing charged-off consumer debt. If you have no idea what that means, I recommend reading this New York Times Magazine article from last weekend. Few people have written about this niche of the financial world. While Jake Halpern’s account is a bit sensationalistic [&hellip

Dan Loeb Comes To A Sleepy Town

Dan Loeb Comes To A Sleepy Town

By The Banker | Blog Posts, Wall Street

Editor’s note: A version of this post appeared in the San Antonio Express-News under my “So…Money” column, “Dan Loeb Is Not ‘San Antonio Nice’.” It’s probably hard for non-San Antonians to understand the importance of this one medium-sized company for the city’s image of itself. Rackspace is the darling of San Antonio’s business community, a [&hellip

Book Review: How To Avoid Financial Tangles

Book Review: How To Avoid Financial Tangles

By The Banker | Book Reviews, Personal Finance

If you ever read any novels by Jane Austen, Anthony Trollope, or Charles Dickens you quickly realize that the most important goal of 19th Century English life was securing – through a fortunate birth or a strategic marriage – a steady income based on the rents of private property. The plots of all their novels [&hellip

Video for Entrepreneurs - Personal Financial Statement

Video for Entrepreneurs – Personal Financial Statement

By The Banker | Audio Posts, Texas, Video

A regional microlender named Accion Texas helps entrepreneurs get started on the process of builing small businesses. In this video I walk you through the process of collecting your personal financial data all in one place, using an Accion template available on their website. The personal financial statement would be used to talk to any bank [&hellip

TED Talk Video On Inequality From A Plutocrat

TED Talk Video On Inequality From A Plutocrat

By The Banker | Audio Posts, Inequality, Video

I think we should talk about inequality far more than we do. Even if I do not agree with the speaker, I would like to engage in the dialogue with anyone who speaks intelligently about the topic. I’m embarrased to admit I haven’t yet read Pinketty’s Capital, but I will. In the meantime, this is [&hellip