When was I in junior high school, otherwise now known as middle school, my heart would delight when I would see the AV kids (that’s audio-visual for the uninitiated) there when I entered a room. This would mean that there, in the back of the room, was a projector that would show us a film. [...]
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 [...]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting [...]
The History of the Future of Money (Part I) Before this Little Piggy went to market, there was a big ol’ hairy Rat that took all his money and started a race. This was a grand race, called the It-diderod which most everyone called by the diminutive of It. The further that the race progressed, [...]
In part I, how culture uses its large institutions may be blocking the changes needed to sustain the very institutions that we need. We need these institutions to not only flourish but for our survival. We used the examples of college admissions, collegiate athletics, commodities trading, and political elections. Can we change the story of [...]
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 [...]
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. [...]
A gaggle of articles, blogs, books, and talk shows are honking statistics that show the widening disparity between the super rich and the rest of us. We hear about the increase in poverty, and about our collective lack of healthcare or, for those that do have care, our inability to afford it, among more gloomy [...]
These are tough economic times, no doubt about it. In times like these, it’s hard to think of things to feel grateful for. Obviously, if I compare myself to someone living in a third world country who can barely feed themself, who worries constantly about the safety of their family, or about how much the [...]
In my blog post of October 5, 2010, I started off by writing “I am not a big believer in money ‘therapy’.” A reader from the investment world took umbrage with this and commented that he has seen cases where therapy around money has helped, and progress was quick. I wanted to flesh out my [...]
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