Data Analysis: Understanding Bankers Anonymous Readers

Data Analysis: Understanding Bankers Anonymous Readers

By The Banker | Blog Posts

Data, Data, Everywhere, but Not a Thought to Think. We live in a data-rich, analysis-poor world. What do I mean by that? TEDtalk-type folks tell us we create more data every moment than we know what to do with, that the data created in just the last 10 years overwhelms the data generated in the [&hellip

On Housing, Part I - What we do when we invest in a house

On Housing, Part I – What we do when we invest in a house

By The Banker | Blog Posts, Personal Finance

What housing is and is not Housing, in a personal investment sense, is a confusing combination of necessity, consumption, and investment.  Separating and naming these functions can clarify for you exactly what you’re looking for in a house. Your house is your roof and shelter from the earthly elements first, as well as the place [&hellip

On Entrepreneurship, Part III - the air, the taxes, the retirement

On Entrepreneurship, Part III – the air, the taxes, the retirement

By The Banker | Blog Posts

The air is just different owning business equity rather than earning a fixed income with a salary.  Can you smell it? I left Goldman in 2004 and have been downwardly mobile, career-wise, ever since.  I’ve also never been happier. I’ve written before that one of the keys to feeling and being wealthy is do something [&hellip

Entrepreneurship Part II - Observations on ownership vs. working for others

Entrepreneurship Part II – Observations on ownership vs. working for others

By The Banker | Blog Posts, Personal Finance, Wall Street

This is a continuation of a theme started earlier, in this post On Entrepreneurship, Part I Founding an investment firm A friend from college once explained to me that, growing up, he didn’t realize his family was wealthy.  His dad worked at an investment firm, and they had a comfortable lifestyle, but my friend noted [&hellip

On Entrepreneurship Part I - Fixed Income vs. Equity or Salary vs. Ownership

On Entrepreneurship Part I – Fixed Income vs. Equity or Salary vs. Ownership

By The Banker | Blog Posts, Personal Finance

A salary is Fixed Income Earning a salary, working for someone else, is earning ‘fixed income,’ which means you hope it comes close to covering your lifestyle expenses.  Like all fixed income, however, it will be limited.  In the case of your salary, the limitation of your fixed income comes not from prevailing interest rates, [&hellip