I hope I live long enough to see rational reforms in the two most uncompetitive and unrepentant cartels in our economy.
That would be the markets for health care and secondary education. Both have costs increasing far in excess of the nominal inflation rate.
Both are distorted by third party reimbursement.
As the recession grips ever more […]
Guess who the newest mendicant is?
Your dear old alma mater…
Our nation’s colleges and universities.
You will recall that there are two huge sub-sectors of our economy that do not respond to normal price discovery.
That would be health care and education. Both derive most of their funding from third party payers, which distorts normal pricing signals.
College […]
Everyone will be glad to put this dismal market behind us and start fresh in 2009.
With just a few weeks left in the year, here is a menu of goals and actions you should start planning for to help you make up for lost ground.
1. Contact your human resources department now…there is often a two […]
In honor of Thanksgiving…
“Home is the place where, when you have to go there, they have to take you in.” (Robert Frost)
I recently heard a story secondhand, about an adult son who had returned to his parent’s home, living in the basement, while he pondered his options.
Not such an unusual thing these days. Lots […]
Maybe it’s just me, but I’m not motivated to take investment instruction from some guy who throws chairs across his studio set to punctuate his recommendations.
I’m referring, of course, to Jim Cramer’s Mad Money show on CNBC.
Mad At Mad Money
This guy has no hesitation about pulling the trigger…even when it means shooting himself in the […]
It’s high time we idiot-proofed the process of saving and investments.
I just finished reading “Automatic Millionaire” by David Bach, and I would recommend it especially to those you know who lack the discipline to save and invest on their own volition. Which is just about everybody I know…except for you and me, of course.
Bach’s premise […]
What follows is the Cliff Notes version of portfolio allocation.
These calculations are easy to perform and will trigger a timely response, when needed.
Calculate Net Worth
I will first assume that you know the basics of preparing a statement of net worth. You list everything you own, minus everything you owe. What’s left over….positive or […]
Did you catch the 3 hours of prime time that CNBC devoted to Warren Buffet Sunday evening, May 18?
Well, make that 2 hours, if you used your TIVO to zap all the commercials.
What emerged from all the softball questions served up by his adoring interviewer were some salient observations…
