I graduated from college with student loans and credit card debt. I majored in economics in part because I knew I could get a job that would pay enough to help me with my debt. Had I been free to do what I whatever I wanted, I probably would have been an English major. I… [Read More]
Blog
Category: Financial Advice
What Happened at Facebook, Anyway?
The Facebook IPO had problems, but they are not especially unique. The problem, really, is that it has been so long that we’ve had a lot of IPOs that everyone has forgotten how they work. Way back in my investing banking days, I worked for a firm that was a dot-com bubble IPO factory. (Alas,… [Read More]
What Happened at JP Morgan Chase, Anyway?
One of my friends suggested that I write a post explaining what happened at JP Morgan Chase, in plain English. The bottom line is that they bought a lousy insurance policy. The company has a big debt portfolio, which is no surprise given that it is a major corporate lender. If some horrible economic event… [Read More]
Paying for College: On Athletic Scholarships
For a long time, I believed that college athletes were entitled brats who were not capable of getting a degree on their own, and that it was really stupid of them to go pro before graduation. Hey, I was wrong, okay? And, as I realized this, I’ve come to a few observations that may be… [Read More]
Paying for College: On Student Loan Debt
Over the weekend, the New York Times published a great article about how college students are being crushed by debt. I have a lot of thoughts on this, so I’ll start by explaining why I feel I have some expertise: I was a private college student who graduated loans, I am a parent who expects… [Read More]
