The world knows that the most profitable business in the world (since Shylock’s times!). Banks have seriously huge margins – just see them borrowing at the bottom from absolutely lazy guys like me (SB a/c 4%) and lend it to absolutely lazy guys who do not even know how to borrow by lending at 25% […]
Ok This is not about Friedman’s book…it is just that last week I got confirmation of this! In a complex world with a lot of barriers to information flow, it was possible to make money on information arbitrage. Not sure how many readers will believe that in the 1990s it was easy for foreign banks […]
There are many people I know who are contemplating retirement 5-15 years before they HAVE to retire. When I ask them WHY do they want to retire, these are the normal answers that I get: 1. Have enough money. However there are a few people who say they have ‘enough’. Then I calculate how much […]
Voluntary Retirement Offer – Evaluation: For whatever reasons – voluntary retirement offers are now quite common and most people do not have a choice. However, if you do have a choice, see how to make the best of it. If you are given a VRS offer at age 45 and you have a transferable skill […]