Category Archives: Finance

I ♥ the Sunk Cost Fallacy

The above picture was taken almost exactly 61 years ago in front of Hungary’s parliament building during the brief revolution against Communist rule. I don’t know who the people in the picture raising the old Hungarian flag atop a captured … Continue reading

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Hey, I wrote a book

No, it isn’t about food, travel, or human stupidity, though maybe I’ll get around to those subjects one of these days. It’s called Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in … Continue reading

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Who said necessity is the mother of invention?

I happen to be a great believer in American ingenuity – particularly when it comes to products we don’t really need. The great nation that brought forth the pet rock and pre-made peanut butter jelly sandwiches without the rind has … Continue reading

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Asteroids

I got a request from the friend of a friend a couple of weeks ago to write a short freelance piece about, of all things, asteroid mining. Not exactly right up my alley, but he said they wanted to look … Continue reading

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Greater fuels or greater fools? (part 2)

So if your eyes didn’t glaze over reading about neutrinos, hydrinos and doofusinos in my last post, you may be wondering why I think promoters of revolutionary new energy sources may be bullshitters rather than liars. And what’s the difference … Continue reading

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Publishers’ clearing house

Going, going, gone! No, not the book publishing industry – not yet, anyway. I’m referring to the atmosphere yesterday when I visited the big Borders store at Columbus Circle, which is closing its doors in a couple of days. Unlike … Continue reading

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Prius envy

If F. Scott Fitzgerald’s famous (and apocryphal) line that “the rich are different from you and me” were updated from Paris in the twenties to Hollywood today then Ernest Hemingway’s reply might have been” “Yes, they can afford to be … Continue reading

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Masters of the universe in Mongolia

Now this is getting ridiculous. The exchange traded fund industry has offered us ways to slice and dice exposure to multiple industries, regions and countries and even caters to different religious affiliations (see Faithshares, which has numerous Christian denominations, or … Continue reading

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