January 30, 2014
Registration and breakfast will start at 7:00 am and the seminar starts at 8:00 am.
The event will be held at the Riverhouse Hotel and Convention Center in Bend, Oregon.
The Central Oregon Association of Realtors and Oregon Appraiser Certification and Licensure Board will be providing Continuing Education credit for . . . → Read More: 2014 Central Oregon Economic Forecast:
The “New Normal” is a phrase coined a few years ago by the Pacific Investment Management Company (PIMCO), or at least that’s what they claim. It referred to a lengthy period of slow economic growth that they expected to persist as people recovered from the financial crisis. In view of the very modest economic . . . → Read More: The New Normal and the New Neutral
In 1873, Karl Marx published the first volume of his magnum opus Das Kapital (“Capital”, in English) which purported to describe the dynamics of a capitalist economy. Although I have never studied Capital sufficiently closely to do justice to the work, the basic idea was that ownership of the means of production (capital) becomes . . . → Read More: Capital
Yale University boasts one of the most successful endowment funds in the country, and maybe the world. The Yale fund (“the fund”) has outperformed 99% of like funds for the past two decades. The manager of the fund, David Swensen, is a superstar in the investment management industry. I recently perused the 2013 Yale . . . → Read More: You are not Yale!
The bankruptcy rate for professional athletes just a few years from retirement is extremely high. To take one example, 60% of NBA players are reported to become bankrupt within five years of retirement from the league. This is a league with average compensation $5 million per year.
I am interested in applying my Sustainable . . . → Read More: 82% Savings Rate!
I have suggested that people would be better off if they massively increased their savings rates. The aggregate Personal Savings Rate (PSR) is defined as the difference between disposable (after-tax) income and consumption spending. It is reported each month by the Department of Commerce and has recently been running around 4%, compared to a . . . → Read More: Mr. Money Mustache