I stumbled on this amazing story today on Quartz. The couple in the story make around $245,000 a year which puts them in the top 10% of income earners in the U.S. Yet they after paying their taxes and contributing to their savings, they only live on just over $15,000 or about 6% of their […]
Month: June 2016
How Snapchat Got Its Filters
It’s hard to remember when Snapchat didn’t have filters, because of how fun and popular they are. They make people look good, they’re funny, they’re quirky and they’re silly. We all love them. Yet have you ever wondered how they work and how Snapchat got them? First off, what we call filters, Snapchat actually calls […]
On Brexit
It shocked me a little that the Leave faction won the referendum because basic in much of my experience, basic inertia (among other things) makes it damn near impossible to effect a political change of this magnitude. Nevertheless, I support the Brits on this one, for a number of reasons. 1. Organic decision making It’s […]
Why the Fed Bailed Out the Banks instead of ‘Regular Folk’
A friend of mine asked me one question that a lot of people seem to have about the last recession: why did the Fed bail out the major banks whose financial recklessness had set the recession in motion, instead of bailing out the man and woman on the street who needed the help more? There […]
Emefiele’s New Robes
Emefiele has finally woken up from his Buhari induced stupor and decided to float the naira, allowing the exchange rate to be determined by the market. This is something everyone with half a brain has begged him to do for over a year now. It only took getting kicked out of every emerging market bond […]
Microsoft Might Have Overpaid For LinkedIn
Yesterday the news splashed across the media: Microsoft agreed to acquire LinkedIn for $26.2 billion. I was surprised first by the fact that this was so neatly and quietly executed (hats off the now legendary Frank Quattrone of Qatalyst and the good folks at Allen & Company), and then by the price. In my opinion, […]
It’s Time I Invested In Real Estate
There’s a huge lag between when I start thinking of something and when I eventually get into it. For years, I’ve invested in equity, building up an okay portfolio of long term assets that I expect to keep contributing to until I’m old enough to retire essentially treating it as money I don’t have unless […]
