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…
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…
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…
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…
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…
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…
