Archive for the ‘Personal Finance’ Category

Rat Holes and Small Biz Crowd Funding

Rat Holes and Small Biz Crowd Funding

By The Banker | Blog Posts, Personal Finance, Texas

When I started my business twelve years ago I needed to raise what was for me a substantial amount of money. A good friend introduced me to his wealthy boss, who agreed to meet about my business pitch. He listened carefully, nodding sagely at the appropriate times. Mr. Rat Hole “Well Michael, it sounds plausible,” [&hellip

Book Review: Where Are The Customers' Yachts by Fred Schwed

Book Review: Where Are The Customers’ Yachts by Fred Schwed

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance, Wall Street

Sometimes I procrastinate reading something really important to the point that I want to kick myself. Over the years I’ve seen Where Are The Customer’s Yachts? By Fred Schwed listed on numerous ‘Best Of’ lists of financial books, but only now got around to it in 2016? Ugh, no excuse for me. But don’t think [&hellip

Ranking of Credit-Card Indebted Cities Explained

Ranking of Credit-Card Indebted Cities Explained

By The Banker | Blog Posts, Personal Finance, Texas

My wife, who spent her formative years in College Station TX, asked me “why don’t Aggies eat barbecue beans?” Answer: “Because they keep falling through the holes in the grill.” That’s not nice at all! And, most likely, not even true! Although I can’t be sure because I’ve only visited College Station myself a few [&hellip

Behavior Matters, Not Markets

Behavior Matters, Not Markets

By The Banker | Blog Posts, Investing, Personal Finance, Texas

From a personal finance perspective, markets don’t matter in the least. Behavior matters. Imagine if financial media reported every day on what actually affects whether you get richer or poorer over your lifetime? Wouldn’t that be awesome? I mean, don’t get me wrong. My imaginary show, “Nightly Financial Behavior, with Mike Taylor” would be a [&hellip

Book Review: Stocks For The Long Run by Jeremy Siegel

Book Review: Stocks For The Long Run by Jeremy Siegel

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance

Reading Jeremy Siegel’s classic on investing Stocks For The Long Run: A Guide To Selecting Markets For Long-Term Growth, I was reminded of three well-known investing aphorisms. “Take the long view.” (Also related: “Successful people have long time horizons. Unsuccessful people have short time horizons.”) “It almost certainly isn’t different this time”; and “Read books, [&hellip