If You'd Like To Understand Financial Instruments But Need A Sports Hook

If You’d Like To Understand Financial Instruments But Need A Sports Hook

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

If you’d like to understand financial instruments used on Wall Street better, but you need a sports or entertainment hook as a spoonful of sugar to make the medicine go down, I recommend this article by Katie Baker on Grantland about the proposed Arian Foster “IPO” deal. [Katie Baker – who I do not know [&hellip

Government as Primary innovator?

Government as Primary innovator?

By The Banker | Audio Posts, Investing, Video

I’ve written passionately about the stultifying, influence-peddling, and depressing results of local governments engaging in ‘Economic Development.’ But the thing I like best in the world** is a smart, contrarian argument that shows how I’ve not considered all sides of an issue. Like this TEDTalk for example. We often easily dismiss the government’s role in [&hellip

I Disagree about JP Morgan But I'm Totally Entertained

I Disagree about JP Morgan But I’m Totally Entertained

By The Banker | Audio Posts, Video, Wall Street

A friend and I debated the merits yesterday of Alex Pareene’s recent article on Salon, in which Pareene praises the most recent $13 Billion fine against JP Morgan as justifiable punishment for greedy bankers and a morally-positive disincentive to the banking industry generally. I totally disagree. I happen to think, and I’ve written before, that [&hellip

The Allowance Experiment Gets Better

The Allowance Experiment Gets Better

By The Banker | Blog Posts, Personal Finance

More Happy Unintended Consequences More exciting things (to me) keep unfolding from the ongoing financial education of my 8 year-old. A little while back I took all of my daughter’s tooth fairy savings and invested it in Kellogg stock, a wonderful, awful, idea of mine to begin teaching her about investing. Following that, my daughter [&hellip

The Problem of Tax Code Complexity

The Problem of Tax Code Complexity

By The Banker | Blog Posts, Taxes

With the nightmare US debt default temporarily avoided, let’s review some basics. The budgetary responsibility of the US Congress has two parts: 1. Set spending levels (money outflow) and 2. Set taxation levels (money inflow) Congressional rhetoric in the recent nonsense weeks mostly focused on spending (money outflow), whereas the harder but more meaningful discussion [&hellip