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They’re back. In the past few months, it appears, shadow banks (financial firms that make loans but aren’t actual banks) seem to be making a comeback. In case you’ve forgotten about these things already, shadow banks are like hedge funds or money market funds or even insurance companies that aren’t real banks. They have no [...]
Over the past year or so, the idea of going to college has been under attack. Paypal co-founder Peter Thiel has been encouraging people to skip college, and my buddy James Altucher has been making the media rounds touting the idea of skipping college.
The banks have lost the swipe fee battle, and soon it’s expected that every time a debit card is used, the store where that card is swiped will collect a little more money, and the institution issuing that card will collect a little less. While the fight is being waged between banks and retailers, it’s [...]
Over the last 15 years, there’s been a dramatic shift that has gotten only marginal notice. We’ve gone from having an optimism surplus to an optimism deficit, and it may be a more serious problem than the budget surplus becoming a deficit.
If, as some are saying, the long-term safety of U.S. Treasury bonds can no longer be counted on, the rules of investing will need to be rewritten.
If you're looking for a job or thinking about changing employers, don't neglect to review a document almost as important as your resume: your credit report.
Also, one series of insights has it that you should manage your money similarly to the way you golf—or rather, the way a good golfer golfs.
In a vote-off on Facebook, fans of Panda Express named Orange Chicken as the restaurant’s top selection, and the restaurant chain is offering single servings of the dish to all customers free of charge tonight, Friday, June 24, starting at 9 p.m. Follow the link to print out the coupon needed to get your freebie.
— JAMES ALTUCHER, investor and blogger [via Freakonomics]
Throw the conventional wisdom for buying and selling cars out the door. Right now, because the supply of new cars is limited, the prices of new and used cars alike are soaring, and decent gas mileage is increasingly more important to buyers than the thrill of new-car smell, traditional concepts of depreciation upon driving a [...]
Many people get sucked into the belief that having more money is the key to a better life. But in most cases, it’s not. The key to a better life is increased happiness.
