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Daily Archives: December 13, 2011
If you have a margin account you better read this
The MF Global bankruptcy has brought to light a very reckless, insane practice that has become common with deal-brokers over the past few years. It is called re-hypothecation. The word hypothecation is the legal term for when a borrower pledges collateral to … Continue reading
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Ode to protecting lump sums from bad advice
The other night, we hired a limo van to take our staff to our office christmas party. The driver (a retired cop) was a nice man. He said he wanted us to know that the night before the 12 mental health workers who had won … Continue reading
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14 Comments
What teachers make
We are blessed to have an excellent teacher this year in our son’s class. Our daughter had him last year and was inspired. For the first time in a few years my son is happy to go to school. He … Continue reading
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3 Comments