Harvard got a new president, Lawrence Bacow, on July 1, arriving as we are grapple with inequality as a nation. In the June issue of The Atlantic, Matthew Stewart wrote about the new aristocracy. They aren’t the plutocrats who control 0.1% of American wealth, but rather the aristocrats who control the next 9.9%. That would… [Read More]
The fastest way to increase the cost of attending college is to graduate in more than four years. The longer it takes a student to graduate, the greater the cost of tuition, fees, and living expenses. And, the longer it takes to start earning money. One way to graduate on time, or even early, is… [Read More]
I recently had an insight about college pricing: it’s like shopping at Kohl’s. No one pays the list price, but you won’t know what you will actually pay until it’s checkout and all the special discounts and friends and cardholder bonuses and Kohl’s Cash are applied. A scholarship tied to a GPA is like Kohl’s… [Read More]
Gary Becker was a University of Chicago economist best known for his work on human capital. His research covered discrimination, compensation, family formation, birth rates, educational quality – pretty much anything that involved how people maximize the value of their time and talent. Paying for college is one way people invest in human capital. I… [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]
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.