Archive for the ‘Personal Finance’ Category

On Mortgage Spreadsheets and Old French Origins

On Mortgage Spreadsheets and Old French Origins

By The Banker | Audio Posts, Personal Finance, Video

I was scouring the interwebs lately for a financial education project I’m doing and I came across Sal Khan’s joint educational venture with Bank of America called www.bettermoneyhabits.com There’s some very good stuff there, but I was drawn in particular to his “How does a mortgage work” video. I recommend checking it out here. I [&hellip

Book Review: A Random Walk Down Wall Street

Book Review: A Random Walk Down Wall Street

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

First published forty years ago, A Random Walk Down Wall Street by Burton G. Malkiel is one of those books – much like Benjamin Graham’s The Intelligent Investor – more referred to than actually read. Malkiel’s central thesis – that equity markets are so efficient at pricing stocks relative to their risk that the vast majority of [&hellip

The Giffen Good Concept Applied To Investments

The Giffen Good Concept Applied To Investments

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

Editor’s Note: A version of this post appeared in the San Antonio Express News “So…Money” column. The only “C” I got in college was in Intermediate Macroeconomics, but I remember one economics term that I really loved — the “Giffen Good.” With ordinary, rational, economic behavior, we expect that when prices go up, people buy [&hellip

Book Review: How To Avoid Financial Tangles

Book Review: How To Avoid Financial Tangles

By The Banker | Book Reviews, Personal Finance

If you ever read any novels by Jane Austen, Anthony Trollope, or Charles Dickens you quickly realize that the most important goal of 19th Century English life was securing – through a fortunate birth or a strategic marriage – a steady income based on the rents of private property. The plots of all their novels [&hellip

FICO Scores Change - Is Nothing Sacred?

FICO Scores Change – Is Nothing Sacred?

By The Banker | Blog Posts, Personal Finance

Far be it for me to stand in the way of progress, but did a little part of you die when you read this morning that Fair Isaac Corp will slightly alter its FICO score formula to make it easier for people to get loans? Is nothing sacred? Decline of Western Civilization? My immediate thought was [&hellip