Archive for the ‘Blog Posts’ Category

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

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

Malls Are Dead. Long Live Online Shopping

Malls Are Dead. Long Live Online Shopping

By The Banker | Blog Posts

At Christmas 2016, the twenty-year battle is over. One side won, one side lost. I mean the twenty-year war between bricks-and-mortar stores and online venders. This one-sided thrashing has been worse than that suffered by those perennial losers, the Washington Generals. (Note: I’m referring to basketball team that lost more than 16,000 games to the [&hellip

Napoleon Hill - The Ultimate Con-Artist

Napoleon Hill – The Ultimate Con-Artist

By The Banker | Blog Posts, Book Reviews, Personal Finance

I read with great interest this long piece by Matt Novak on the back-story of Napoleon Hill, a man who gets credit as the father of the self-help genre. When I started doing financial book reviews, a number of people (and lists) recommended Hill’s 1937 classic, Think and Grow Rich. I  reviewed his book, and while much of [&hellip