Category Archives: Finance

Pandemic Rings Death Knell For Paper Cash

As late as April 2019, Origin, an independent research firm, found that 75% of consumers still carried cash.

Restaurants and retailers all over the country have stopped accepting cash. And you can blame COVID-19 for this rapid shift away from paper to plastic.

Techcrunch reported that Google is experimenting with a debit card. Ultimately, it could make cash obsolete for more than a billion Android phone users worldwide.

— Read on www.forbes.com/sites/jonmarkman/2020/05/24/pandemic-rings-death-knell-for-paper-cash/

The Gospel According to Peter Thiel

Michael Gibson still remembers his first day working for Peter Thiel. Like many of Thiel’s hires, he’d met the contrarian investor through several of the PayPal founder’s variously eccentric political ventures. A onetime self-described “unemployed writer in L.A.,” who’d left a doctoral program in philosophy at Oxford, Gibson had met Thiel through his work at the Seasteading Institute, a Thiel-funded attempt to create a libertarian “floating city” in international waters. Then Thiel asked him to help teach a class at Stanford Law School on philosophy, technology, and politics. And then Thiel asked him to work for his hedge fund. Gibson had no intention of working in finance, or any experience in doing so, but he and Thiel had, he felt, “gelled philosophically,”
— Read on www.city-journal.org/peter-thiel

The Man Who Built a 40-Foot Spite Fence Around His Neighbor’s Home

When Nicholas Yung wouldn’t sell his land to railroad baron Charles Crocker, Crocker built a 40-foot fence around his house and blotted out the sun.
— Read on getpocket.com/explore/item/the-man-who-built-a-40-foot-spite-fence-around-his-neighbor-s-home

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Reading “The Infinite Game” by Simon Sinek

“Our entire understanding of commerce and capitalism seems to have fallen under the sway of short-term, finite-minded thinking.”

Need to get back to what capitalism was at the time of our founding fathers – putting people first, not short-term stock market gains.

https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewBook?id=1341489366

This App Has 17 Million Users – And It Can Find You Hidden Discounts

These days, all our purchases are pretty much made online. Why put on shoes and go down to the store when you could just buy what you n…
— Read on www.joinhoney.com/g-blog/this-app-17m-users-hidden-discounts-roba/

Here’s Why There Are Seven ‘Missing’ McLaren F1s

With an incredibly limited run of McLaren F1s ever produced, a mere 106, it’s surprisingly easy to keep track of where the cars end up and the legends they accrue as time goes by. But somehow seven of those cars have gone missing.
— Read on jalopnik.com/here-s-why-there-are-seven-missing-mclaren-f1s-1840679264

Retiree Decides to Spend Rest of Life at Holiday Inn, Since It’s Cheaper Than a Senior Home

64-year-old Terry Robison is a working-class retiree trying to make his money last throughout the rest of his life. And Holiday Inn is the clear winner.
— Read on gritpost.com/retiree-holiday-inn-senior-home/

The Mountain in Beverly Hills, once listed for $1 billion, just sold for $100,000. – Los Angeles Times

After listing for $1 billion last year, a 157-acre Beverly Hills property called The Mountain has sold at foreclosure auction for $100,000 to the estate of Mark Hughes, the property’s previous owner.
— Read on www.latimes.com/business/real-estate/story/2019-08-20/beverly-hills-the-mountain-auction-100-000