Archive for January, 2009
The Self-Promoting Product
Today, I would like to wish the Macintosh computer a happy 25th birthday!
What is amazing about the Macintosh is that it is in a sense a self-promoting product. Sure, Apple invests heavily in advertising. Nonetheless, Apple has benefited greatly from the advertisements that it has not paid for; those of the “Mac evangelists”. While Apple [...]
In: General · Tagged with: network externalities, self-promoting products, word of mouth
The Art of Money Getting
Although financial instruments have changed a bit over the years, the basic practices needed to make money have not. In 1880, P.T. Barnum wrote The Art of Money Getting: Or The Golden Rules for Making Money. I would highly recommend reading it to anyone who is interested in reading a book on personal finance or [...]
In: General · Tagged with: career choice, debt, P.T. Barnum, personal finance, saving
The Rich Can Help with the Economic Crisis, but Cannot Solve It
One solution that has been suggested for ending the economic crisis has been increasing income taxes on the wealthy. While doing so can increase the amount of money raised, it is in my opinion unlikely to solve the problem we are facing. The problem is that the wealthy are suffering from the economic crisis as [...]
In: Financial Crisis, General · Tagged with: David Paterson, economic crisis, marginal tax rate, rich, tax, wealthy