Posts Tagged ‘casinos’

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

The Importance of Real Rules Monopoly

The Importance of Real Rules Monopoly

By The Banker | Blog Posts

A central idea, the idée fixe of Bankers Anonymous, is that as a society we do a poor job of teaching about finance, a consequently poor job as individuals of learning about finance, and therefore we all suffer an inevitable tendency to make bad decisions, both personal and political, about finance. Sometime this Spring I [&hellip

Powerball - A Horrific Tax On The Poor

Powerball – A Horrific Tax On The Poor

By The Banker | Blog Posts

In recent posts I argued that current tax policy for the wealthiest people in the United States incentivizes inheritance over effort, encourages getting ahead either from: Gifts from Daddy or Living off your wealth,or Owning a hedge fund, …all the while punishing people who actually, you know, work for a salary to achieve the American [&hellip