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Lies, Damn Lies, and Statistics

At a presentation that I recently attended, a bright, successful hedge fund manager claimed there are two types of economies in the world today -- emerging markets (like China and India) and submerging markets (like the United States).  To bolster his claim, the manager noted how China and India are graduating significantly more engineers each year than the good, old USA.  This statement may be technically true, but it's terribly misleading.

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The Paradox of Thrift or The Down Side of Saving

After extolling the virtues of saving (http://blog.wienerfinancial.com), it would be useful to point out why our government feels it necessary to deal with the detrimental aspects of thrift.

It is common wisdom that our current situation has arisen in no small part from our boundless spending with little thought to saving for the future.  Now that fear has struck, we are responding rationally by lowering our expenditures and shoring up our reserves.

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Marshmallows and Financial Planning

Saving money can be a little like passing on a tantalizing piece of cake; you know you should, but...

In a challenging investment environment, it's important to remember that factors beyond stock market gyrations can impact financial success.  The ability to save money plays a vital role.  Unfortunately, saving can be hard.  Really hard.  A recent article in the New Yorker highlights the difficulties that we all struggle with in delaying immediate gratification.

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