Archive for December, 2007
Your Problem is My Problem
No, this is not an article on hippy togetherness. It’s an article on the problems generated by subcontracting.
Whether investing in high-grade tranches of subprime mortgages or contracting a job, it is important to realize that if the other party has a problem, it may become your problem. At one company, a substantial amount of product [...]
More Thoughts on Certificates of Deposit
In previous entries, I suggested that high-interest savings accounts were a good, more liquid alternative to certificates of deposit. While I am about to state the obvious, the problem with savings accounts is that they do not provide a locked-in rate of return, unlike certificates of deposit.
If you have money that you plan on keeping [...]