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Two books - highly recommended
» Posted by Martin Weil on November 24, 2006

The Undercover Economist by Tim Harford is likely the first book ever to make the basic principles of economics not only understandable but even interesting to the average reader. For anyone with even a passing interest in how Starbucks can charge $3 and more for a coffee drink, or why the used car market is so challenging, or even why most African nations are desperately poor, Harford has the explanation.

Stumbling on Happiness by Daniel Gilbert explores the myriad ways our mental faculties betray us, over and over again. One reviewer calls it "the only truly useful book on psychology I've ever read."


How rich are you?
» Posted by Martin Weil on November 14, 2006

This site will very probably make you feel better off than you thought.


The magic of compound interest
» Posted by Martin Weil on November 08, 2006
For investors, the magic of compound interest works in their favor. For debtors - and the United States is the world's largest debtor - the magic of compound interest works against them.
David M. Walker, Comptroller General of the United States

Personally, I pray our newly-elected Congress will pay heed to what Mr. Walker has to say about the US' potential to turn into another "Argentina" some decades hence.


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