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My Letter To The Editor of BusinessWeek On Their Cover Story On The Collection Of Bankruptcy Debt
Reading Time: 1 minuteThe cover story of the most recent BusinessWeek magazine, “Prisoners of Debt”, is an interesting read about the attempt to collect on debts discharged by bankruptcy by the debt collection industry. While this is certainly a shady and controversial practice…
Population Decline in Florida For First Time Since WWII
Reading Time: 1 minuteIt’s dramatic. You have a state that was booming and has been a leader in population growth for the last 100 years that suddenly has seen a substantial shift. – Stanley Smith, Economics Professor, University of Florida, who compiled the…
Atlantic Monthly Cover Story: Why I Fired My Broker
Reading Time: 4 minutesEntertaining and funny story headlining this month’s Atlantic Monthly, “Why I Fired My Broker”, exploring a question that many middle/upper class Americans are asking themselves these days: Should I fire my broker/financial advisor? Where can I get good financial advice?…
Susquehanna’s Billionaire Founder Jeff Yass Honed His Mind on Probability Theory And Poker
Reading Time: 6 minutesI learned more about option trading strategy by playing poker than I did in all my college economics courses combined. – Jeff Yass, The New Market Wizards: Conversations With America’s Top Traders (1992), p. 396 – Yass majored in economics…
Spitzer: Bully Gets His Comeuppance
Reading Time: 5 minutes“I had a simple rule. I never asked if a case was popular or unpopular. I never asked if it was big or small, hard or easy. I simply asked if it was right or wrong.” – Eliot Spitzer (subscription required),…
Henry Blodget Says Google $2000 “Not Far Fetched”
Reading Time: 4 minutesHenry Blodget, the infamous Merrill Lynch analyst who put ridiculous price targets on internet stocks during the tech bubble (the most notorious being his $400 target for Amazon.com in October 1998) and was ultimately barred from the securities industry, wrote in a…