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Online Personal Finance Magazine
No beating about the bush.
The story of Bernie Madoff, one of the biggest scam artists ever
When Bernie Madoff was a sophomore in New York City’s Far Rockaway High in the early 1950s, he and his classmates were each supposed to read a book and make an oral report in the class. He hadn’t read a book for this assignment. So, when his turn came, Bernie lied that he had read a book called Hunting and Fishing by Peter...
How central banks can avoid future financial crisis
William McChesney Martin (Jr) was the ninth and longest-serving chairman of the US Federal Reserve Board (from 2 April 1951 to 31 January 1970). He is known for his famous comment that it is the Fed’s job to “take away the punch bowl just as the party gets going.” But exactly when should the Fed do that? One indicator is when the market is...
As one who has experienced the joys of work in the ‘third phase of life’, I found Tamara Erickson's book a delight. She reaffirms what one has done over the past 15-years in the stage that Hindu philosophy calls vanprastha, and puts an academic spin on it. Tamara Erickson, a McKinsey Award-winning author and widely respected expert on organisations and the changing workforce, has written for...