Why are millennials broke? Systems. Not choices. I recently read an online discussion in which Baby Boomers and Gen Xers resoundingly chastised millennials who don’t save enough for retirement. It seems that instead, millennials are struggling with student debt. The...
In business, if you decide to do a project you scope out the project. You estimate what it will cost, over what time frame it will produce results, and so on. Then you decide how to finance it. There are many, many possibilities: you might finance it by paying for it...
Meetings! I just love meetings ... no, I don't. I hate meetings. But perhaps that's just because I'm no good at running them. According to an MSNBC article today, Bush met with the leaders of 20 countries Saturday night. To quote the article: "After the almost...
If what we want to do is point fingers, there's plenty of blame to go around. At the end of the day, though, I hold the creators of the securities as being far more responsible than the home buyers. Professionals should be held to higher standards First off, the...
According to a New York Times article about Greenspan and his policies today, Greenspan is defending his stance on derivatives (he was pro-derivatives) by saying the whole imploding economy is because of people acting in bad faith in the markets, but the deregulated...
Investors say it's a bad idea for companies to stop giving quarterly guidance. I think investors are just flat-out wrong. Quarterly guidance certainly distorts management decision-making, so we know it's bad for the companies. It's good for investors because it...
A friend wrote: “… and I thought Google was overvalued at $150!” She was implying that it must not have been overvalued, since it’s currently selling for so much more. I decided to whip out my amateur finance knowledge and see if she was right. Here’s a sample of a few different ways of valuing a stock. […]