February 5, 2012

Free Trade Isn’t Always Fair Trade

Free Trade and Fair Trade Global Policies

A few days ago, I wrote a five-part essay called How to Solve the Trade Deficit in response to a reader question about trade policy in the United States. The reader, Adam, responded on his blog.  Here is my followup to his commentary. I Would Love to Run Trade Surpluses But It Isn't Going to Happen If the United States were to run trade surpluses, as opposed to going trade neutral, we would be accused of mercantilism (rightly).  This would immediately cause our trade partners around … [Read more...]

Where Do Millionaires Invest Their Cash to Keep It Safe?

Where do millionaires invest their cash?

I've been having a conversion about investing and money with the reader "Frat Man" in the comments section of another post.  He asked: I also had one other question I have always wondered. Where do millionaires keep their money? In the sense that FDIC insurance only covers $250,000 at the bank and SIPC only covers $500,000 at the brokerage. I mean, I can't see Bill Gates putting $250,000 at thousands of banks across the country, nor can I imagine Lou Simpson's net worth getting wiped down to … [Read more...]

Super Tycoons Facebook Update: From $100 Million to $14 Billion

Super Tycoons on Facebook Update

On May 9th, I gave an update on the Super Tycoons game I've been playing every day on Facebook in which you have to build an empire and compete against other players. I've even convinced my grandma to start playing it as a steel tycoon. When I wrote about the game back in May, my in-game businesses generated $11 million per day and my game net worth stood at below $100 million.  As of a few seconds ago, I've gotten my in-game profits to just under $500 million per day and my game net worth … [Read more...]

Business and Money Wisdom for the Day – 07/05/10

The rich start from combined savings. - Traditional Chinese Proverb Do as the thirsty person drinking from a river.  He drinks happily enough, but does not covet the voluminous flow ... This is how the gentleman exercises his mind for he regards rank and position as a tumor and material wealth as dirt and dust. What is the use of wealth and honor to him? - Xi Kang, Han Dynasty Even the hardiest plant will not flourish if left int he cold for ten days out of every eleven. - Mencius, Warring … [Read more...]

Creed Spring Flower Review

Audrey Hepburn was the client behind the Creed Spring Flower fragrance.

Creed Spring Flower was created in 1951 as a signature scent for the adorable Audrey Hepburn, star of films such as Sabrina, Breakfast at Tiffany's, and My Fair Lady.  Hepburn reportedly wanted the famous House of Creed, which has served as the official perfumer to royalty dating back to 1760, to create a unique scent that was entirely her own and that looked cheerful and playful on her vanity.  With its bright pink bottle and gold cap, it is easy to identify this one-of-a-kind fragrance.  As … [Read more...]

Wisdom for the Day – 07/01/2010

True gold fears not the test of fire. - Traditional Chinese Proverb War is like a fire; if you do not put aside your weapons, they will eventually consume you. - Li Chuan, Tang Dynasty There is no victory in winning a hundred battles. There is victory in subduing your enemy without fighting at all. - Sun Zi, Spring and Autumn Period He is victorious who knows when and when not to fight. - Sun Zi, Spring and Autumn Period The art of war lies in thwarting the enemy's plans, in … [Read more...]

Mail Bag – How Does Someone Start Creating Passive Income?

Passive Income from Computers Have Changed the World in the Past 20 Years

Among the thousands of emails and messages I receive regularly, I came across one today that was sent to me on May 17th by Cale P. Here is the question that was posed: I'm a pretty talented IT professional with great salary and a standard quality of living. I've known that I won't be in IT for my whole career, at least I hoped. I have a natural ability to invent and I really would love to own private business(es) to see my decisions in a company flourish. However, I'm unsure of how or when … [Read more...]

Tycoons Game on Facebook

Tycoons on Facebook

There is a free game on Facebook called Tycoons that I began playing a few days ago.  The premise is that you acquire businesses and sell the commodities or products generated by these companies in a real market-based system.  Over time, those who grow the richest are put on a leader board.  I'm coming quite late to the game, but I think it will be fun to participate. I am so impressed with the system that I donated $150.00 to the developers.  I believe that it should be modified (it is a … [Read more...]

French Style Gardens … A Gift to My People

French Style Gardens in Ngmoco We Rule Kingdom for iPad

I decided to spend through a lot of the accumulated gold in my treasury from Ngmoco's We Rule game on the iPad.  Following an extensive kingdom redesign, the citizens of my realm can now enjoy French styled gardens.  I said it before and I'll say it again ... my munificence knows no bounds ;) If you have the game on your iPhone or iPad, add Aaron and me.  His gamer tag is Gold Mage and mine is treasuryshares. … [Read more...]

The Postman Just Brought Gifts

Benjamin Graham on Value Investing Book with a Giorgio Armani Fountain Pen in Gold

The mail just arrived. I have the new Sears Holdings 10K, the Union Pacific 10K, the Panera Bread 10K, the Charles Schwab annual report, and a host of others. How on earth am I supposed to write now? I want to read! … [Read more...]