One of the big problems with personal finance is that there are a lot of people out there who are making money off of those who can least afford it. As the bankers like to say, those who do not understand compound interest are doomed to pay it. Among the worst offenders are payday lenders. John Oliver has… [Read More]
Blog
Holidays Galore, 2014-2015 edition
I’m passing on this handy calendar of religious holidays, prepared by the University of Illinois at Chicago, which has astonishing diversity. What I like is the breakout of which holidays come with restrictions from work and which do not, which limits the number of excuses students can use. One of the amazing things about the… [Read More]
Ace Greenberg, and why corporate cost-cutting is usually a disaster
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]
“You don’t do this to get rich”
Every now and again, usually about writing, someone says, “you don’t do this to get rich”. I want to strangle anyone who says that. It’s insulting. There are many endeavors where one will not get rich, but that doesn’t mean someone should net receive adequate compensation for his or her time and expertise. It also… [Read More]
