Blog

Senegal: West Africa Today

My African-Country-a-Week project has arrived in Senegal. This is a former French colony with 13 million people and per-capita GDP of $2100, making it one of the wealthier countries in Africa. It is also one of the continent’s most stable democracies. I needed a break from reading weighty books, so I watched a documentary instead…. [Read More]

CD rates are likely to rise as the shutdown plays out

Interest rates are made of up three components: opportunity cost, inflation, and default risk. US treasury rates are considered to be free of default risk, so they consist of nothing more than opportunity cost and inflation. Federally insured bank CD rates are close to treasury rates. Now, the US government could always avoid default by… [Read More]

Living without cable TV

Cable TV is expensive. The customer service is horrible. And it’s unnecessary. I’ve never had and rarely missed it.  And I don’t understand why so many people put up with the hassle of it. It helps to live in Chicago, where it is flat and television signals carry far. Without cable, we get over 50… [Read More]

Another project: Rewriting Thomas Friedman

Years ago, I used to rail against Bob Greene’s column in the Chicago Tribune. One of my friends, who was tired of listening to me, suggested that I channel my energy by re-writing his columns that way that I would do them. It was a wonderful exercise. In recent years, the columnist who drives me… [Read More]

Latest Work

Hedge funds for Dummies Cover

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.

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Latest Work

Cover of Day Trading for Dummies

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.

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