Book Review: Risk Savvy by Gerd Gigerenzer

Book Review: Risk Savvy by Gerd Gigerenzer

By The Banker | Book Reviews, Personal Finance

Gerd Gigerenzer wrote Risk Savvy: How To Make Good Decisions in the spirit of Nate Silver’s The Signal and The Noise, and Innumeracy by John Allen Paulos. These latter books propose a “How To Think” while also proposing that people should be taught to think differently, and stop making epistemological errors. Distinct from The Signal [&hellip

Wylys - What Were They Thinking?

Wylys – What Were They Thinking?

By The Banker | Blog Posts, How Not To Invest, Texas

I’m fascinated by the psychology of Dallas-based entrepreneur Sam Wyly, recently ordered to disgorge $1.1 Billion for maintaining an extensive offshore scheme that led to convictions and penalties for securities fraud and tax evasion. I’m interested in knowing: What the heck was he thinking? I mean, I gather Sam was motivated to not pay too [&hellip

John Oliver Does Us All A Service

John Oliver Does Us All A Service

By The Banker | Audio Posts, Video

We know from Mary Poppins that a spoonful of sugar helps the medicine go down and, similarly, a healthy dose of humor is the best way to learn about something as baleful as personal finance. John Oliver does us all a good 20-minute service in nailing key points about retirement, in this bit from a [&hellip

How To Evade Taxes - Offshore Wyly Style

How To Evade Taxes – Offshore Wyly Style

By The Banker | Blog Posts, Texas

Although no household names from the United States showed up in the “Panama Papers,”[1] – a trove of leaked client correspondence from a Panamanian law firm that helped people set up offshore accounts – a Texas bankruptcy court recently elevated Dallas entrepreneurs Sam and Charles Wyly as the most high-profile offshore-account tax evaders ever caught. [&hellip

Marijuana Regulations and Taxes - So Weird, Man

Marijuana Regulations and Taxes – So Weird, Man

By The Banker | Blog Posts, Texas

This post features obscure business tax accounting rules you’ve never heard of and (hopefully) will never encounter. (Do I know how to write a blogpost lede, or what?) And pot. It’s about pot. Did I forget to mention that? Ok, nobody thinks they want to know about obscure accounting rules but maybe – like me – you [&hellip