Posts from October 2016

The Other Side

As I said yesterday, I listened to what Arthur Brooks had to say Tuesday evening. Another thing he talked about was discourse and people. Today, families are being ripped apart and friendships are being destroyed by politics. How stupid. Arthur …

What If All The Poor People Were Gone?

Last night, I was at a talk by Arthur Brooks.  It was pretty thought provoking and I thought I’d share his opening question with everyone to get their thoughts.  His question was this, What if all the poor people were …

Fees on Accounts-The Government Is Enabling A Shake Down

The Department of Labor recently changed regulations on how brokerage agencies can charge fees to accounts.  Remind me again why the Department of Labor is stepping into the relationship between a broker and customer again?  It’s another example of government …

When Your Net Worth Is Your Business

I was talking to a couple of people the other day about the similarities between being an entrepreneur and what we used to do on the trading floor.  When you were a trader, usually 100% of your capital was tied …

Did Corzine Get Justice?

Yesterday, Jon Corzine agreed to pay a $5M fine.  Corzine embezzled over one billion dollars of his customers money in order to cover bad trades that he made.  It sent shockwaves through the futures industry.  People that were customers of …

The Real Danger of The Trump Failure

Trump didn’t release his taxes.  But, somehow the NY Times got their hands on some older taxes.  It showed that Trump had a billion dollar loss.  Because of the way the American tax code treats tax losses, he was able …

The Business Blockchain-Saved For Posterity

Over a week ago,  WLV held a great event, The Business Blockchain, here in Chicago at 1871. 250 people came out.  There is high interest in this topic and we will probably do more around it.  We videotaped it and here …

Barriers to Entry

Barriers to entry is a phrase you hear in business a lot.  It’s a wrote phrase from business school.  What it really means is what is the secret sauce that allows your business to be better than your competitors?  Sometimes, …

What Is Joy? What Is Happiness?

A lot has been written about happiness. How do you get it?  A lot of people are meditating, and trying to practice mindfulness.  I have seen groups form up that talk about “spirit” and other things.  A lot of what …

Look For Chicagoans To Be Edgy in October

Do you feel something in the air?  It’s not the election.  It’s not the stock market.  It’s not the property tax increases and fee increases levied by the city and county.  It’s not gunfire or firecrackers.  It’s the major league …

Women In Tech

The other day there was an article in the Wall Street Journal about what women should do if they want to be in the tech industry.  The outrage over the article is predictable and understandable.  I don’t think women should …

Central Banks Buying Public Stocks Is A Really Bad Idea

Janet Yellen runs the Federal Reserve.  She is a central banker.  She said that the Federal Reserve is looking at using money outside of normal monetary machinations.  They are looking at going into the stock market and buying public equity. …