Cryptocurrency
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$100,000+ Salary
Why is a six-figure salary glorified? Do we just like big numbers? Six is big, right? Six figures is an arbitrary number, but I think there’s an argument for why it’s one good indicator of lifestyle. Disposable income. 100k isn’t just double 50k in terms of lifestyle. There’s a multiplier effect once you meet the…
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Are student loans worth it?
Are student loans a trap? Lenders are fully aware that most 18-year-olds, fresh out of high school, haven’t mastered the complexities of finance. They hand us loan documents filled with fine print and legal jargon, and they’re not exactly eager to sit down and explain how we could save thousands in interest payments. Instead, they…
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The Poverty Trap
It costs money to be poor. This is known as the “poverty trap,” a cycle where limited resources force choices that become more expensive over time. An apt example, called the Boots Theory of Socioeconomic Unfairness, was popularized by British author Terry Pratchett in his Discworld novels. Pratchett’s character Captain Samuel Vimes observes that a…
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Shunsaku Sagami is a M&A Genius
Shunsaku Sagami, Japan’s youngest billionaire, is an entrepreneur and innovator in the world of mergers and acquisitions (M&A), pioneering a unique approach to succession planning. Sagami’s strategy addresses a key demographic challenge often referred to as the “silver tsunami”—the retirement wave of aging business owners worldwide. His M&A Research Institute steps in where others may…
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Navinder Singh Sarao’s Flash Crash
On May 6, 2010, the U.S. stock market faced one of the most shocking and swift losses in its history. Within minutes, the Dow Jones Industrial Average plunged nearly 1,000 points, erasing roughly $1 trillion in value before rebounding almost as quickly. This incident, known as the “Flash Crash,” rattled investors and exposed vulnerabilities within…
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Rotating Savings and Credit Associations (ROSCAs)
Rotating Savings and Credit Associations (ROSCAs) represent an ancient yet enduring form of informal financial institution that blends the principles of peer-to-peer banking and lending. A ROSCA comprises a group of individuals who agree to meet over a defined period, pooling funds regularly and taking turns withdrawing a lump sum. These associations operate on mutual…
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Exploring the World of Cryptocurrency
Let’s dive into the fascinating world of cryptocurrency: blockchains, ledgers, Bitcoin, and my new BOK coin, which is pegged directly to Jerome Powell’s blood pressure. What is Cryptocurrency? To start with the basics: What exactly is cryptocurrency? Simply put, it’s a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies,…
Body of Knowledge 