Are You Good at Poker?

Posted on November 29, 2006

Are You Good at Poker? How about investing? Just about everyone knows that three of a kind beats a pair, even those of us who don’t play poker. But as I point out in an example for my college class, it takes a higher level of skill to play and consistently win at poker than merely knowing the relative values of the hands. Where many people

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How Taxes Work

Posted on November 22, 2006

With the recent change of control in Congress, the campaign rhetoric of un-doing the tax cuts enacted the past few days is bother me. People who want this don’t realize that those same tax cuts raised us out of the 2001 recession and have created record numbers of jobs. They also may not understand how the tax system really works, so I thought I’d dust off

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Hard or Soft Landing?

Posted on October 12, 2006

Hard or Soft Landing? I began warning readers about a possible business slowdown in our future back in March of this year. Now just about everyone who is paying attention to the news has heard similar projections from other analysts and signs of the slowdown are becoming more obvious. Real estate sales are slumping and the Congressional budget office is planning on an 8% drop

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Who, Me? Biased?

Posted on September 12, 2006

Who, Me? Biased? It’s probably politically incorrect to admit this, but I can be a little prejudiced. We all have our biases, and some of them are healthy and some not. Keeping these predispositions from getting the best of us and blinding us to reality is a common problem we all deal with from time to time. We humans tend to invest when we are predisposed

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Of Concern

Posted on September 12, 2006

Of Concern There is never a shortage of gloom and doomers eager to point out how our country is going down the tubes and how our way of life will never be the same. Not wanting to be lumped in with this crowd, it is with some trepidation that I write this article. Although it may not seem so as you read this, please remember that

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