Cash Rather Than Good Intentions

Cash Rather Than Good Intentions

By The Banker | Blog Posts, Inequality, Texas

Here’s a radical thesis about the best way to eliminate poverty: Give money. Don’t give stuff. Also, don’t give conditional money, either, expecting the recipient to do something you want them to do. I’m intrigued by an international charity called GiveDirectly which puts this radical thesis to the test. I understand this “just money, no [&hellip

Platinum Partners And How To Spot A Fraud

Platinum Partners And How To Spot A Fraud

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

Police arrested seven executives connected to the $1+ billion hedge fund Platinum Partners in late December, for fraud. The charges against them include overvaluing assets and a Ponzi-like practice of paying departing investors with new investors’ money. Platinum Partners reminds me of lesson number one on spotting financial fraud: If an investment fund never, ever, [&hellip

Book Review: Dark Age Ahead by Jane Jacobs

Book Review: Dark Age Ahead by Jane Jacobs

By The Banker | Book Reviews, Inequality

I judged this book by the arresting title Dark Age Ahead, and decided that – in my current frame of mind – I had to read it.1 Jane Jacobs wrote this is 2004, and the book has a bit of the feel of a time capsule – as her current events examples stem from 2001 to 2002. Jacobs’ strength [&hellip

Look Back Look Forward - New Years Resolutions

Look Back Look Forward – New Years Resolutions

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

It’s January, the month named for Janus the two-faced Roman God who looked both backward to the past and forward to the future. Looking back over 2016, I realized that I learned about three types of investment accounts, each of which – depending on your phase of life – might make for a nice New [&hellip

Book Review: The Fall of the Roman Empire by Plutarch

Book Review: The Fall of the Roman Empire by Plutarch

By The Banker | Book Reviews

Why shouldn’t I review a book written 2,000 years ago? I can’t say reading Plutarch for the first time gave me a definitive roadmap for how a republic turns to dictatorship, but a few themes are suggestive, such as the aggregation of wealth by the would-be dictators, and the constant military campaigns.   Each of the leaders [&hellip