It’s official. The financial markets have been diagnosed with bipolar disease. Wildly down one day and then up the next (or even during the same day). Everyone wants to know whether consumers will have the confidence to keep buying anything and everything they can find. One day it seems we will keep buying and buying [...]
Reach out and search faith Your own personal Google Someone to hear your pursuit Someone who cares Feeling unknown and you’re all alone Flesh and bone by algorithm Lift up the receiver, I’ll make you a believer Take second best, put my engine to the test Things on your chest that we need to confess [...]
Re-imagining Money as a Fair Tender There is a quote by William Faulkner that “History isn’t dead; it’s not even past.” There is a lot of talk that with the U.S. national debt where it is, this unsustainable level will bring the U.S. and its currency down. In this context, I would like to rework [...]
The On-Off Exercise I tried to off myself once. It was a year of transition for my family. I had lived my whole life on the Westside of Los Angeles but my parents had decided to move over the hill to the San Fernando Valley. They settled on an apartment where I had to share [...]
Meet Manny Manager. He is an all-thumbs (and way too big too), always-in-a-hurry Money Manager with no sense of humor and very little idea of what the context of any conversation is. Being so busy, he also communicates mainly through text messages but unfortunately for his clients his phone is equipped with one of those [...]
In order to make money work better for everyone, you have to be a selfish collaborator. It may sound like an oxymoron but let’s start by digging deeper into money’s past. In Money 1.0, meaning the original version of money’s introduction into the world, money’s use had to become widespread and those using it had [...]
…Thou Shalt Buy Meaning. Thou Shalt Sell Money. Thou Shalt Hold Change How to Be a Productive Economic Being in a Changing World Here are two sugar world stories. About fifteen years ago, Joshua M. Epstein and Robert Axtell created Sugarscape, a simplified computer model for how an economy can take shape. There was a [...]
Let me take you back to a simpler time. There were protests, riots, war, assassinations, sex, and drugs. Of course, I am referring to the sixties and seventies. Some people confuse the word simple with innocent. While the fifties might have been innocent, most of us would not consider the sixties as simple. As individuals [...]
Advice for decision makers You are interviewing three candidates to find a new financial investment manager. You ask the first prospect if: a) (fill-in – interest rates/stocks/bonds/economy) are going to go up or down. The potential advisor gives you a confident answer that things will be going up and good reasons to back it up. [...]
When the bottom fell out of the economy at the end of 2008, a lot of people had to change a lot about their lives. Some who saw their retirement accounts drop by 40% or more had to put off retirement. Some people lost their houses. Some, like one client I had, just wondered if [...]
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