Las Vegas Downtown Monoculture Problem

Las Vegas Downtown Monoculture Problem

By The Banker | Blog Posts, Texas

I recently visited Las Vegas, NV. I did this in part to lose money at the poker tables, and in part to check out the Las Vegas “Downtown Project” that I’ve read about in recent years. I visited with two questions in mind. First, how does part of a city die? Second, how do you [&hellip

Las Vegas Tourists And The Downtown Project Antidote

Las Vegas Tourists And The Downtown Project Antidote

By The Banker | Blog Posts, Texas

 Who Killed Las Vegas? I recently stayed at a hotel and lost money at the poker tables in Las Vegas[1] situated squarely in the downtown monoculture of the Fremont Experience. The Fremont Experience is as you would expect – flashing lights, zip-lines, elderly men in Borat-style mankinis – and good for the 36 hours (maximum!) [&hellip

Are Stocks Like A Casino? No. But YES!

Are Stocks Like A Casino? No. But YES!

By The Banker | Blog Posts, Investing, Wall Street

I hate money. Apparently the feeling is mutual. I know this because I am writing this from a hotel room near the Golden Nugget in downtown Las Vegas, following a typical encounter between a poker table and me. Here’s how this usually goes, and also how it went again today: I sit down, feeling relaxed [&hellip

Audio Interview Wendy Kowalik Part II - On Insurance And Getting Rich Slowly

Audio Interview Wendy Kowalik Part II – On Insurance And Getting Rich Slowly

By The Banker | Audio Posts, Insurance, Investing, Personal Finance, Taxes, Texas

Please see related discussion with Wendy Kowalik in Part One on investment advisory fees. Michael:          Hi, my name is Michael and I used to be a banker. Wendy:            Hi, Michael. Wendy Kowalik, I founded Predico Partners. We’re a financial consulting firm. I started my career with an insurance company and sold insurance for the same [&hellip

Audio Interview with Wendy Kowalik, Part I - On Fees

Audio Interview with Wendy Kowalik, Part I – On Fees

By The Banker | Audio Posts, Investing, Personal Finance, Texas, Wall Street

Here’s Part I of my interview with an investment consultant who charges advisory fees in an unusually (admirably!) transparent way. In Parts II and III to follow Wendy and I discuss the uses of insurance, the psychology of savings, and how to get rich slow. You can read the transcript but as always I recommend [&hellip