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Chad: “A Screaming Man”

Chad is a poor country, with about 11 million people who have a per-capita GDP of about $2000. It received independence from Algeria in 1960 and has suffered almost constant civil war as well as invasions (from Libya and Sudan. It’s one of those stereotypical “basket case” countries that investors think of when they write off… [Read More]

Paying for college: Will you get financial aid?

Will you get financial aid for college? That’s a tough question because it depends on so many things: how much money you make, how you make it, what you owe, how many children are at home, and what college the child attends. Advice on how to structure your personal finances (general savings, retirement savings, paying… [Read More]

The thing about real estate prices and home prices

Over the weekend, the New York Times ran a story about real estate prices that discussed how both home prices and land prices are going up again. The story is very much about how developers are looking for land. But it misses one key point: the house itself goes down in price, not up. If… [Read More]

What are the economics of spam?

I just deleted about 8900 comments in the spam folder, and in no time, three more were added. The economics of this are amazing. It’s cheap to send out zillions of messages, even semi-customized ones. But they are obviously ads for junk! Even if you are in the market for Ugg boots, would you be… [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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