7 Rules to financial security from CNN Money
In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk. John Maynard Keynes, the Depression-era economist who’s having quite the comeback, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?” Money has long advocated the benefits of consistency in your investing and financial planning. People who swing between bold risk taking and neurotic conservatism almo
Tags: Basic Assumptions, Conservatism, Consistency, Depression Era, Economist, Financial Planning, Financial Security, Inconsistency, Investing, John Keynes, John Maynard Keynes, Money, People, Risk, True Nature, World Turned Upside Down
The 7 new rules of financial security
September 29, 2009 By Leave a Comment
Surviving the slump
June 2, 2009 By Leave a Comment
The crisis began on Wall Street. Financial conjurers suddenly discovered that their tricks for making risk vanish had only disguised it. Their leveraged bets went sour, and the derivatives they thought insured them against any shock turned out to be worse than worthless. Check out Express India for the rest of the story.
Are you ready to surive another Wall Street Crash? I know I am. BTW, are the Chinese really going to by Hummer from GM. Would you have guessed that 3 years ago?
Tags: Derivatives, Gm, Hummer, india, Risk, Shock, Slump, wall street, wall street crash, Wall Street Financial