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

Video: WSJ on Wealth Inequality - Causes and Solutions

Video: WSJ on Wealth Inequality – Causes and Solutions

By The Banker | Inequality

I happened upon this excellent little video put out by the Red Communists who run the Wall Street Journal today. Since I think: 1. Wealth Inequality is a Top 3 issue facing the US and the World; 2. I’m in favor of everything that adds helpfully to the discussion; 3. We all have a hard [&hellip