Uncovering a financial bubble before it pops is a difficult task. Alan Greenspan, former chairman of the Federal Reserve, remarked that predicting a bubble cannot be done – only in retrospect are the causes and effects clear.
While explaining his investment philosophy during an interview, Warren Buffett famously remarked, “I try to buy stock in businesses that are so wonderful that an idiot can run them.
I have lost enough games of Monopoly to understand that the money doesn’t really matter. I may cringe when I land on my opponent’s hotel on Park Place but I do so out of fear of losing the game, not that my net worth is materially dropping. The game’s manufacturer, Parker Brothers, controls the supply of Monopoly money.
When asked what makes the University unique, many are quick to point to Thomas Jefferson, the Lawn, the honor system or Division I athletics.
The unraveling of the Bernie Madoff scandal last year rocked the investment management world. Few expected the chairman of one of the world’s largest stock exchanges, a prominent philanthropist, to be running one of the largest investment frauds in history.
For most students, filing tax returns ranks right up there with taking the world’s worst take-home test. But for this exam, the score is measured in cash.
On Aug. 1, 2010, President John T. Casteen, III will step down from his place at the helm of this University.
Most financial advisors sound like broken records. ?Save and diversify. Save and diversify…? They may throw in a stock tip or tax loophole, but for the most part, their advice is the same.
As a child, I thought I was a great saver. I would collect any spare change in a piggy bank hidden under my bed and watch with excitement as it got heavier over the years.
For college students, especially Wahoos, credit cards are a smart choice. It’s easy to get caught up in the notion that credit cards are to be avoided because of 19 percent interest rates and the millions of Americans who have overdosed on debt; however, as with many financial products, there are effective and ineffective ways to use them.
