With the announcement that MF Global Trustee (and former FBI chief) Louis J. Freeh will charge Jon Corzine for failing in his duty to oversee the company, the meaning of Jon Corzine shifts once again. Prior to this announcement, I understood the meaning of Corzine primarily through the following investment aphorism:[1] “One of the worst

This time, with better math! A little while ago I wrote that, as a fiduciary, I worried about the sustainability of endowments and retiree portfolios, which traditionally have drawn 5% and 4% respectively from assets per year, in the conventional belief that this is ‘sustainable.’  These 4% and 5% rules of thumb for the past

SAISD Superintendent candidate Manuel Isquierdo claims that his troubled experience proves he has learned from his mistakes, which will make him a better leader of my kid’s local school district. My past experience as a distressed investor helps me plumb the public record of personal financial distress very quickly. Let’s see what the public record

You prepare your own taxes?!? Are you insane? I ran into a friend at the local coffee place recently. She made the mistake of mentioning that her husband prepares their household taxes, by himself. “What?  Is he insane?” “I know, seriously, I keep telling him not to.” Dear friend, don’t do this to yourself. I