June, 2009
Mint Map: Resource Consumption by Country
Knowing where resources are produced is only half of the equation. To really understand the role that natural resources play in a country’s overall economic picture, you have to understand how those resources are consumed. As you’d guess, the largest populations do tend to be the largest consumers, but it’s interesting to note that some ...
A Bad Argument Of Why Buy-And-Hold Is Bad Advice
A regular reader Don sent me a post entitled Long Term Buy And Hold Is Still Bad Advice. Okay, fine, everyone and their mom has been telling me this recently. But I read it, and it was such a bad analysis that I had to rebut it here. I ...
The Problem With Market Timing
I’m in the process of consolidating all of my investment accounts at Fidelity. This isn’t because I think Fidelity is “the best”, but because I think they’re good and they’re certainly convenient. There’s a Fidelity “investor center” not far from my home. (In other words: I’m not endorsing Fidelity; I’m merely following my own advice ...
Rich Kids on TV: NYC Prep
Yesterday, I was reading about a new TV show called NYC Prep. It's supposed to be a sort of real world Gossip Girl, looking behind the scenes at the lives of wealthy New York teenagers:These six swaggering rich kids — four girls and two boys — dutifully spend and text their way around the Upper ...
Citigroup Employees to Receive 50% Pay Raise
After receive bailouts from the government on two separate occasions, Citigroup has announced that it will be increasing its expense for the salaries of the company’s rank-and-file employees, not upper management, by 50 percent. This will be a nice benefit, designed to compensate employees for smaller bonuses and raises last year.
The government’s new “pay ...
