Monthly Archives: May 2010

The Golden Pyramid Scheme

I’d rather have water and bags of rice. At some levels, gold, as an investment, is absolutely ridiculous. Warren Buffett put it well. “Gold gets dug out of the ground in Africa, or someplace,” he said. “Then we melt it … Continue reading

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Window Dressing

Why finance & accounting are more art than science. Three big banks—Bank of America Corp., Deutsche Bank AG and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street … Continue reading

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Wisdom of the day

I am the manager of my life and affairs. I make wise decisions, and everything works out for the best.

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