I missed posting the November 2011 edition of 20 Cents due to my short blogging sabbatical, so I’m combining some highlights from November and December here. There are a few bonus links in there too. Enjoy! 1. Let’s get things started with 3 great articles courtesy of Barry Ritholtz at The Big Picture. Barry calls…
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I am more afraid of an army of one hundred sheep led by a lion than an army of one hundred lions led by a sheep. ~Charles Maurice, Prince de Talleyrand-Périgord When the financial crisis erupted in 2008, many questioned the leaders and regulators in place at the time. How could the global financial system…
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It’s been a busy couple of weeks as my son had a significant surgery on his leg last week. Caring for him afterwards has been a round-the-clock job. I hope to be able to jump back into writing a little more in the coming weeks, although we have our big move looming as well. I’ll…
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What exactly is the function of the financial sector in our society? Simply this: Its sole function is supplying capital efficiently to aid the real economy. The financial sector is a tool to help those that make real tools, not an end in itself. But five fatal flaws in the financial sector’s current structure have…
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Is the glass half empty, half full, or twice as large as it needs to be? ~Author Unknown Update: Thanks to Christina at Northern Cheapskate for including this article in the Best of Money Carnival #77. Thanks also to Arohan at Personal Dividends for including this article in the Carnival of Wealth #12. A couple…
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Pleasure can be supported by an illusion; but happiness rests on truth. ~ Sébastien-Roch Nicolas de Chamfort Update: This post was included in the Money Hackers Carnival #117 posted at Engineer Your Finances. Thanks! Monday’s post dealt with some of the ways in which today’s market climate is Not Business as Usual. I’d like to…
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