Thoughts and opinions free from censorship
vbarzov To my boys: If you came to me asking for advice, here is what I would have told you. Below is a list of practical, timeless, and objective pieces of knowledge. None of them are rocket science, and if you don’t learn them from me, you will no doubt learn them from life. The problem … Read more
Ah the stock market During the Soviet times, a granny addresses the president at a political rally: “Comrade Brezhnev, when will the times finally get better?” Brezhnev replies triumphantly: “Oh, the times already were better!” That pretty much gives the right answer to the question “when is the best time to buy stocks”: the best … Read more
The invisible hand We all can feel it — the invisible hand that picks our pocket and leaves us a little poorer each day, making us run a little harder for a little bit less reward. We see it in the daily rise in the price of cheese, in the inexplicable shrinking of the size … Read more
The house of money A bank is an entity that specializes in the provision of money. The product is money (in the form of loans), and the price of this product is called interest rate. Yes, the price of money is the interest rate at which said money is lent. Consider this your first lesson … Read more