Posts filed under “Finance”

Buy a Boat If You Like, But Only If . . .



My Sunday Washington Post Business Section column is out. This morning, we look at why buying a boat may — or may not — be a good or bad financial decision.

Its really an excuse to look at the Department of No — the advice which says “Never Do XXXX” is often just blind risk-avoidance without real analysis behind it. The idea is you will never have a loss if you never invest — but you also will never have a gain.

Here’s an excerpt from the column:

“My advice for people considering buying a boat are to recognize four key issues: knowledge, costs, skill and psychology. For our wannabe boater, or anyone making a major purchase, it looks something like this:

• Understand what you are getting into.

• Carefully consider all of the costs of ownership.

• Only buy what you can afford.

• Make an intelligent decision about using your limited time and money.

Not surprisingly, you can apply the same approach to all manner of financial situations. Consider assessing an investment:

One last thought omitted form the column: There are 12 million boats registered in the United States. Is there a possibility they know something that the “Just say No” crowd has not figured out?



‘Never buy a boat’ and other rash financial advice
Barry Ritholtz
Washington Post, September 27 2015

Category: Consumer Spending, Finance, Investing, Really, really bad calls

The 2015 Knowledge Brokers

Fascinating and detailed story:   Click through to read full profiles. Source: Chief Investment Officer

Category: Digital Media, Finance, Investing

How to Become a Bank

Source: Bloomberg

Category: Corporate Management, Credit, Digital Media, Finance

How IEX Prevents Stale Quote Arbitrage

Click for complete graphic
IEX arb



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Category: Finance, Markets, Technology

Stock Market Quotations by Sophronia Tibbs

Fantastic collection of thoughts on various aspects of finance, Wall Street, and more. That it is from 1926 seems to have no bearing on its relevance today:   University of Michigan via Google

Category: Finance, Humor

The World of Pension Assets

Source: Easy Life Cover

Category: Finance

China’s Share of Foreign Investment

Click through to see the whole exhibit. Source: NYT

Category: Finance, Politics

Euro Area NCBs Contributions to the ECB’s Capital

Source: European Central Bank

Category: Economy, Finance, Politics

CEO Pay Boosted by Stock Buybacks

Buybacks and Dividends Are Making CEOs Even Richer Source: Bloomberg

Category: Corporate Management, Digital Media, Finance

Peter L. Bernstein on Risk

Click through to the video. Source: McKinsey

Category: Finance