December 29, 2008
Below is a nifty graph which I first saw displayed in a post by Clay Shirky at boingboing. The graph shows the annual return on the S&P stock index for every year going back to 1825. The heavy black line in the middle represents a zero return; if a year is listed to the right [...]
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December 8, 2008
Over the past few years, I've heard or read a number of stories of lottery winners who, soon after winning the lottery, end up bankrupt, miserable, and with a long list of relationships that were destroyed by the lottery winner's sudden wealth. This sad outcome generally comes about through general ignorance about basic financial management, [...]
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