In an impressive speech back in 1963, a week before JFK was assassinated, Benjamin Graham – the first proponent of value investing – gave a speech in San Francisco. Value investing world has posted the original typewritten script in full. In the first half of the speech (to page 9) he outlines the challenges of…
Just found a psychology blog and thought I would look up what articles they have on the psychology of money, one of our favourite subjects. Interesting headlines … People will spend more money when they feel down, but are often unaware of it Spending money on other people makes us happier than spending it on…
I love finding websites that provide fodder for the blog, such as jokes and quotes. When you find both, it’s even better, so here’s thirty of my favourite funny quotes about money, finance and banking courtesy of Karlonia.com: Money can’t buy you happiness but it does bring you a more pleasant form of misery. —…
Australians call Brits Poms. More appropriately spelt, it would be POHMs: Prisoners of Her Majesty. They think we're a whiny, cynical and sarcastic nation of complainers which, of course, we are and this is no better demonstrated that the refreshingly honest new book by John O’Farrell: An Utterly Exasperated History of Modern Britain, or Sixty…
After four years of anticipation, the football (or soccer) World Cup starts today in South Africa. As a result, there will be random quotes and notes thrown into the blog relating to football rather than banking. Many are humourous and come from the excellent book: "tell him he's Pele". Here's a few of my favourites…
My second book of reading for the holidays is "Slurls: They Called Their Website What?!" by Andy Geldman. This is a collection of the weird and wonderful names firms gave their websites. In reality, these names reflect their company well. Online, they kinda fail because we forget that the name on the sign may translate…
As mentioned yesterday, the Sumerians invented writing, accounting, money, credit and debt. 1500 years later, interest on debt was causing a lot of issues. For example, Aristotle wrote: “The most hated sort (of wealth getting) and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural…
I've talked many times about the Ancient Sumerians creating money for sex, but they also created money for debt. Back then – 5,000 years ago – barley was the main measure of value and was alloted to Smerians according to age, gender and position in society. For example, men received sixty litres of barley a…
I spent the day yesterday discussing BPO, Business Process Outsourcing, an area I haven’t touched on for a while. BPO is a logical extension of Business Process Re-engineering, Business Process Improvement and Business Transformation, and are major contracts of faith as the outsourcee is cutting out a major part of their business. Not a platform,…
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