Book Review: Capital by John Lanchester

Book Review: Capital by John Lanchester

By The Banker | Book Reviews

I’ve been searching in the past few years for the best book to explain the 2008 Crisis, but I have yet to find it. John Lanchester’s novel Capital presents the 2007 and 2008 pre-conditions for the crisis in London – soaring real estate values, extraordinary inequality, random good and bad fortune, injustice, and fundamental cultural [&hellip

My New Years Resolution

My New Years Resolution

By The Banker | Blog Posts

The artist’s perspective on money I spent the morning of New Years Day with two artists talking about money.  They asked questions about the meaning of money, and I tried to supply the answers as best I could.[1] I waxed poetic about the importance of accumulating a small surplus every month, however tiny, which could [&hellip

It's a Wonderful Life, a Failed Banker Origin Story

It’s a Wonderful Life, a Failed Banker Origin Story

By The Banker | Blog Posts

First, my confession Before this week, I had never watched Frank Capra’s It’s a Wonderful Life. I know I should not admit this in a public place. I know this will land me on the Un-American watch-list with the data-miners at the NSA faster than shouting my support for Al Qaeda in Times Square. But [&hellip

TED Talk on Inequality - Insights from Rigged Monopoly Games

TED Talk on Inequality – Insights from Rigged Monopoly Games

By The Banker | Audio Posts, Inequality, Video, Wall Street

Definitely worth watching this. Social scientists rigged a Monopoly game to see how people’s behavior changes with changes in socioeconomic status.  And they tested other games to study the effects of money on things like empathy.  You may not be surprised, but you will be interested.     Please see related post on Monopoly and [&hellip

Book Review - Make Your Kid A Millionaire by Kevin McKinley

Book Review – Make Your Kid A Millionaire by Kevin McKinley

By The Banker | Book Reviews, Investing, Personal Finance

Anyone who enjoys engaging in the fantasy “My kid could have a lot more money some day than I do!” should read Make Your Kid A Millionaire – 11 Easy Ways Anyone Can Secure A Child’s Financial Future, by Kevin McKinley. I know I engage in that fantasy, which is why I took pains, and [&hellip