Craig Guillot is the author of Stuff About Money: No BS Financial Advice for Regular People. The end of this month will mark the first year of life for my first born child and my first year as a father. Along with feedings, diaper changes and the joy of watching her grow, I’ve placed a… [Read More]
Blog
Month: June 2012
Doubt, Overconfidence, Fear, Greed
I’m writing a piece for a client on the psychology of day trading, and I’m thinking about a recent conversation I had with a fellow freelancer about bad projects we had worked on. We both noted that we knew we were taking on projects that would turn into disasters, and yet we signed on anyway…. [Read More]
Why I Love the Megahertz Network
I am a huge fan of the Megahertz Network, which offers international television programs. I can get it on a local public television station’s digital channel (WYCC channel 20.3, all you Chicagoans). Other public television stations and Dish Network offer it, and you can find it on your Roku box. Some of the programming is… [Read More]
Cato’s Problems and Nonprofit Structure
The Washingtonian Magazine has a long story about management tensions at the Cato Institute, a libertarian think-tank. The most interesting part, to me, was this tidbit: the Cato Institute has shareholders because Kansas corporation law allows non-profits to have a corporate ownership structure. That’s really unusual. A typical non-profit organization is “owned” by its donors… [Read More]
Paying for College: Declining Family Incomes
The Federal Reserve Bank released its study on changes in US family finance from 2007 to 2010, and the results are not pretty. The headline is that median net worth fell 38.8 percent over this period. One reason that college seems so unaffordable these days is that, well, it is. A middle-class family has fewer… [Read More]
