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Performance Measure pitfalls
Distinguished economists, statisticians and mathematicians often have their name associated with some economic theory, concept or tool. Some examples include Giffen goods, the Nash equilibrium,…
The Meaning of Life
Now that I am well and truly back in the office, a belated happy New Year to you and best wishes for 2024! Whenever I…
Extrapolating trends – a word of caution for business owners
Making predictions about the future based on past trends is fraught with danger. What lies ahead is rarely a straight-line extrapolation of historical data. Rather,…
Mortgage and Debt
Marriages and mortgages have something in common – they are both “death pledges”. In a non-secular marriage ceremony, each partner vows to stay with the…
Estate planning – vital for all – including business owners!
There’s no escaping the fact that one day we are all going to die. While I don’t wake up every morning thinking about my inevitable…
Personal Financial Myths
Elvis is alive, the Earth is flat and the Moon walks were a hoax. We humans cling to myths even when they are patently false.…