Archive for the ‘How Not To Invest’ Category

Hello Houston

Hello Houston

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

The Houston Chronicle recently started running my stuff, and I’m excited. In honor of my introduction to Houston, I’d like to offer a personal story about my very first trip to Houston. Best of all, this anecdote has a pithy financial moral at the end. In Spring 2001 I lived in New York City and [&hellip

Dallas Pension Plan - An Example of What Can Go Wrong

Dallas Pension Plan – An Example of What Can Go Wrong

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

I’ve become a bit obsessed with public pensions this month.[1] As a lesson in how pensions can go wrong, I began looking into the Dallas Police and Fire Pension System. Dallas’ Police and Fire Pension ranks as the tenth largest in the state and easily qualifies as the most dire, according to the usual metrics [&hellip

I Took Out PayDay Loans

I Took Out PayDay Loans

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

This is the most expensive post I’ve ever written, as it cost me over $80 to conduct research. I took out two payday loans this month in downtown San Antonio, TX. The natural joke to make here is “something, something, the death of journalism,” when finance columnists/bloggers need to take out monthly payday loans. Maybe instead [&hellip

Not Cheering A Record-Setting Stock Market

Not Cheering A Record-Setting Stock Market

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

It’s silly season in stock market news again. By that I mean the regular “stock market reaches new highs, hooray!” headlines and commentary. I’ll start by unpacking some reasons why this is silly news, and how you can be a much more sophisticated reader of financial news. I admit upfront that you’ll risk being a [&hellip

Wylys - What Were They Thinking?

Wylys – What Were They Thinking?

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

I’m fascinated by the psychology of Dallas-based entrepreneur Sam Wyly, recently ordered to disgorge $1.1 Billion for maintaining an extensive offshore scheme that led to convictions and penalties for securities fraud and tax evasion. I’m interested in knowing: What the heck was he thinking? I mean, I gather Sam was motivated to not pay too [&hellip