Why is Gas so Expensive?

Why is Gas so Expensive?

This post comes from my long time friend and college instructor Andrew Levin. Here in the USA, we love our gas. Each day, we consume enough gasoline to fill up over 550 Olympic-sized swimming pools. There is an average of one car for every two Americans. And boy do we like to drive. According to […]

As Seen On TV: The Business Behind The Products

Last night, I watched a fascinating CNBC show about “as seen on TV” product that are sold primarily through infomercials. I have never bought anything from an infomercial, but apparently a lot of people have. Those TV products have made a lot of people a lot of money.

How FOREX Works

If you have ever heard about people making millions (or losing millions) of dollars on currency speculation, you are not alone. I have read stories about being making and breaking the bank by investing in Euros, Pounds, Yen, Shekels, Yuan, Baht, Pesos, and a slew of other currencies. From the grand entrance of the Euro to the Asian Currency Crisis in the 1990s, the Foreign Exchange, or FOREX, markets are an important investment opportunity.

Solving Homelessness in America

Denver recently passed an “outdoor camping ban” which, in practice, is simply a law making it illegal to be homeless. This is far from a solution to the homelessness problem, it will just move the homeless to surrounding cities and states. It made me think about actual solutions to homelessness in America.

The Global Economy – Sponsored Video

For a long time, I have been a fan of the Financial Times. I rank it as a top global financial publication next to the Wall Street Journal. While in business school, I often turned to the FT for my global financial news. Today, they are sharing a new video on the Global Economy.

Berkshire Hathaway 2012 Shareholder Meeting

This year, I made my third trip to Omaha for the annual Berkshire Hathaway shareholder’s meeting. Warren Buffet are Charlie Munger took center stage and shared their wisdom on investing, business management, and the economy to a packed house that included billionaire Bill Gates and rock superstar Bono.

Why I Hate People Who Give Bad Tips

I recently read a post with an interesting theory on tipping. I like and respect the author of the post, Len Penzo, though I disagree with his opinion. However, when I read the comments I wanted to scream and start punching people. Here is what you really need to understand about tipping and the service industry.

What Recession? The Economy is Awesome

What Recession? The Economy is Awesome

If you follow the Republican presidential campaign, you have undoubtedly noticed that the candidates are trying to sell you a story about how horrible the economy is and why you need to elect them to fix it. I think they are dead wrong, the economy is great. Here’s why.

Investing in the Cruise Industry

After the recent, highly publicized crash of the Costa Condordia, people around the world are looking hard at the cruise vacation industry. While everyone is focusing on the problems today, it might be a good place for you to invest for tomorrow.

The Meteoric Rise and Fall of Netflix

The Meteoric Rise and Fall of Netflix

In 1997, Reed Hastings and Marc Randolph created a company called Netflix. Hastings was angry about a late fee charged when he turned in the movie Apollo 13 after the due date. His business was like a traditional video store at the time, but evolved into one of the most recognized brands in North America.