As it happens, no investment is for sure. Out of the 127 active loans I have on Prosper, 1 of them decided to go to bankruptcy court – which means is probably lost. The listing reads like this: Listing 21399 – Police Officer Consolidates Medical Debt! “A” Credit No DQs! A single proof that my [...]
Monthly Archives: May 2008
Contractors: You Are Creating A Market
- 23
- May
When a full time employee goes on his/her own and starts selling his/her services there is one interesting thing that he provides the companies who may be interested in hiring them: A Market. Big companies can’t offer services that they can’t deliver. But since the contractor offers to deliver services on their behalf, now they have [...]
My Father Was Right: Bachelors Degree is Not Enough
- 23
- May
Today I was reading the news that the firms hiring the most recent graduates are Enterprise-Rent-A-Car, Walgreen’s, and Progressive Insurance. It almost matches my father’s pessimistic and proven-inaccurate prediction that by the time I finish college the average college graduate would only find a job at McDonald’s, and the average High School Graduate will find [...]
You Either Produce or you Sell
- 23
- May
Over the last few years I have discovered some truth about economics. Whatever you do in life, you have to make sure you are providing difficult to replace value. And the most value happens to be on: Production – Create a product or perform a service for which money can be charged: more money than [...]
Where do you think they will get money from?
- 04
- May
Banks have not been doing well lately. They got caught into a sub-prime mess of their own co-creation (the American Consumer, and overseas mortgage backed investors being their accomplices). They have also co-created a secondary mess: credit cards. In the Old Days banks got money from charging Interest. In the 90′s and 2000′s they got [...]
