Archive for the ‘Blog Posts’ Category

The Link Between Wealth and Work

The Link Between Wealth and Work

By The Banker | Blog Posts

I’ve been struggling for a while now on defining what I think ‘being wealthy’ means. So far what I’ve come up with is that ‘being wealthy’ has something to do with embracing two realities we tend to want to avoid: work, and death. I’ll talk about death later, but for today I think that one [&hellip

Why Wealth Inequality Matters - Plus CEO Pay Again

Why Wealth Inequality Matters – Plus CEO Pay Again

By The Banker | Blog Posts, Inequality, Texas

Last week I wrote about the sharp rise in super-manager pay throughout the 1990s, and specifically a funny (to me) quirk of stock option awards and bad math by corporate boards. The good news is I have a bunch more thoughts on the rise of super-manager pay and – but wait – Wait — WAIT! [&hellip

CEO Pay-Rise: A Silly Math Mistake

CEO Pay-Rise: A Silly Math Mistake

By The Banker | Blog Posts, Texas

An economics paper published last month in the National Bureau of Economic Research really fascinates me. Maybe that’s because I’m a fundamentally boring person? No, that’s not the main point. Economists Kelly Shue and Richard Townsend set out to explain the sharp rise of executive pay in the ten-year period 1992 to 2001. Think of [&hellip

Leap Day for Oil Drillers - This Makes No Sense

Leap Day for Oil Drillers – This Makes No Sense

By The Banker | Blog Posts, Investing, Texas

In honor of Leap Day, I’m writing today about something in the energy markets that shouldn’t exist. Or maybe it should exist only once every four Earth-revolutions around the sun. The oil price crash – we’re at 13-year lows in the average price of a barrel of oil this month – creates chaos for oil-company [&hellip

Money and Politics - 2016 Edition

Money and Politics – 2016 Edition

By The Banker | Blog Posts, Texas

We are deep into Presidential primary election time, so I thought I’d share my views of candidates and the system with my green eyeshades on. I don’t have a ‘unified theory’ of money in politics, but rather a series of thoughts, some connected, the rest not. For starters, I have a fetish about honesty when [&hellip