My work on strategic planning brought me to this Harvard compilation, HBR’s 10 Must Reads on Strategy. It’s nice to have an easy read, to jog my memory of all the basics of strategy that I have learned over the years. The first chapter is “What is Strategy”, an introduction by Michael Porter, who wrote… [Read More]
It’s now official: Sweet Briar College is staying open. There are other vulnerable small colleges out there, but this one was less vulnerable than most. One of the issues that was addressed in the court order was one of restricted endowments. What are they? Simple: they are money donated to an institution for use for… [Read More]
One of the more interesting issues in financial management is that of absorption: how easily can an individual, organization, or nation handle an influx of cash? I’m involved with an organization called Impact 100 Chicago,. The members contribute $1000 each and then ask local organizations to apply for grants. The grant applications are reviewed, with the… [Read More]
Because I am self employed, I don’t have a lot of experience with delegation. I’m trying to get better at it, using paid assistance for work and home stuff, but I’m not an expert. I’m mentoring some younger members of the Junior League of Chicago, and one issue that they all noted was that people flake on their… [Read More]
Alan Greenberg, often known as Ace, died recently. He had been the chairman of Bear, Stearns and was known for his dictates to his employees. One of the most famous was the Ace Greenberg Paper Clip memo, in which he ruled that paper clips should not be thrown away. Each employee received one box of… [Read More]
Hedge Funds for Dummies, 2e
My first book has been completely revised! Updated to reflect changing markets, accessible strategies through ETFs, and new potential due diligence pitfalls.
Day Trading for Dummies, 5e
With five revisions, countless interviews with successful traders, and lots of research, this is the definitive guide to getting started, managing risk, and staying in the game.