Old College Friend I have a friend from college that lives just north of San Diego. He lives in a small town. I forget the name. I went to visit him recently. The downtown area has fallen on hard economic times. Most of the shops are closed up, out of business. But there is […]
Origins Of Wealth
Gangsters To Bankers The Medici family started out in the Middle Ages in Florence as a gangster family. A couple of them were hanged for their misdeeds. Within a couple of generations later they had become the most powerful banking families in Europe. One of the best prototypical rags to riches story of wealth […]
The Freeloader Problem
Two Sides Of A Deadly Coin Way back in the day, we humans lived in small tribes of a few hundred people. Life was harsh. Getting food was difficult and dangerous. Predators were everywhere, and the food tended to run away. Animals didn’t want to be killed and eaten. Hunter Gather Instincts We humans […]
Equilibrium Paradox
How Much Do You Need? Most of us have a curious belief about some big thing that we want. This can either be a thing, a certain amount of money, or even a long range goal. The belief that we hold about this is that once we get that “thing,” whatever it happens to be, […]