My friend Matthew is in the publishing industry. He suggested I write about the word Synecdoche. I have never used this word in a sentence, however, I am interested in English and I am always looking to broaden my vocabulary. And this word is complicated. Now we must define it and relate it to finance. […]
This mainly relates to semantics and only slightly to finance, but perhaps someone will find this of interest. Idioms An idiom is an expression where the meaning of the phrase cannot be understood only from the literal meanings of it’s words. Idioms can be confusing. An idiom has just been born and will grow up […]
Should you choose to trade your limited conscious time for money? Perhaps you should consider the following: Fiat currency is as an infinite resource that attempts to reflect the value of the time a human spent producing a good or providing a service. This dictates the price to acquire said good or service. Perhaps your […]
The law of large numbers describes that as the number of data points in a scenario increases, the average of the outcomes will approach the expected average. Consider a casino with many games. Results will converge to the casino’s advantage because eventually more gamblers will lose than those who win based upon the way the […]
To successfully build wealth, you must make many small calculated decisions over a long period of time. You are growing a garden that will feed you for the rest of your life. You cannot expect the market to immediately provide you abundance. If it appears to do so, it will likely take it away with […]
I was the second youngest cousin in a very large family based in Virginia. I lived in Michigan with my parents as a child. I write this as a memory of a 12 year old boy. My family would travel to Virginia for Christmas, and certain other holidays to a farm outside of the District […]
First of all, if you are only holding assets in IRAs or 401(k)s, this is largely irrelevant and you should stop reading now. If you hold assets in individual accounts or trust accounts, this is something that needs to be understood. Short-term vs Long-term Taxation Short-term capital gains treatment will apply to assets sold after […]
A pure holding company is a business entity that owns a controlling position in other companies. A pure holding company itself does not produce anything. Its purpose is to own shares of other companies and manage those investments on the behalf of shareholders. Control Typically holding companies will own at least 50% of a company […]
When I was a child there was a neighborhood garage sale that would take place every year where I lived. I would sell lemonade, as would many other children. My lemonade was made with real lemons and it was delicious. I would serve it in larger quantities than my competitors and therefore charged more, but […]
Is it true that Frosty the Snowman was as alive he can be? Yes, I can confirm. Frosty was a strange dinner guest because he was always melting. However, he was great company. Though he was slowly defrosting, he still made excellent conversation at the table. He was a good snowman. In retrospect, I should […]
