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Monthly Archives: April 2015
‘Our gambling culture’
Good piece from Larry Fink, chairman and CEO of Blackrock on the long-term cost of today’s widespread cultural “short-termism” focused on fleeting capital gains, trades and gambling rather than long term investment and discipline that builds lasting value. See: Our … Continue reading
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El Erian explains why his personal money “is mostly concentrated in cash” today
Former PIMCO CEO, now Chief Economic Adviser to Allianz SE, Pimco’s parent company, PHD in economics and Finance insider, Mohamed El Erian has an estimated net worth of some $2.3 billion. He also served 2 years as president and CEO … Continue reading
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Intergenerational reciprocity: a smart solution back in vogue
The credit bubble enabled different generations to migrate separate and apart. Now that society is heavily indebted, and the debt bubble is mean-reverting, learning to work together to gain more and waste less is part of the healing process. Intergenerational … Continue reading
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