Genghis Khan: American Hero

True, Genghis Khan lived long before America was founded and on a completely different continent, but as he is a man’s man I have decided to declare him an American Hero nonetheless.‚  Genghis Khan’s philosophy sounds much like my own:

“The greatest joy a man can have is victory: to conquer one’s enemy’s armies, to pursue them, to deprive them of their possessions, to reduce their families to tears, to ride on their horses, and to make love to their wives and daughters.”… read more “Genghis Khan: American Hero”

College Football National Champions: UTAH

The BCS National Championship for college football went to Florida (13-1), as did the AP sports writers poll.‚  However, the true national champion for college football this year is Utah (13-0).

Utah went undefeated, winning 13 straight games.‚  Utah beat 4 ranked teams.‚  Utah beat Michigan in the Big House.‚  Utah beat #12 TCU.‚  Utah beat #14 BYU.‚ … read more “College Football National Champions: UTAH”

How to Prevent Future Financial Crises

How can America prevent future financial crises like the current one in the housing market, the dot com bust and the big crash in 1987?

The solution is simple, requires no government regulation and is virtually foolproof: Make company leaders personally financially liable to shareholders for the performance of their companies.

Corporate bureacrats will scream bloody murder at this suggestion, but true entrepreneurs and business leaders will appreciate the straightforward incentive to carefully manage risk.‚ … read more “How to Prevent Future Financial Crises”

Financial Risk Management Article

Found a great article on the New York Times about the risk models used by the so-called “finance geniuses” that were so tragically wrong.‚  It boils down to the fact that most of the risk models were based on historical data and did not consider the fact that markets can sometimes be wildly unpredictable… heck, there is even the miniscule probability that financial markets could go all the way to zero.‚ … read more “Financial Risk Management Article”