And there's a difference between wisdom and the kind of thing we (too often) celebrate now.
The whole show from August 18th is available in our podcast.
Thanks for listening this week!
Patch is making cuts and the Washington Post is being sold at a fire-sale price. Times are tough in the local-news business, but that doesn't mean the situation is hopeless. Listen to the podcast of tonight's show for a few thoughts on that.
You've heard of "Buy low, sell high", right? Perhaps the smarter angle on that would be "Buy low enough that you can sell fair and still be happy." People who count on "selling high" probably miss the point of "buying low." And buying low is the only way to be sure you've done the deal right.
Thanks for listening tonight! We'll be back next Sunday night at 9.
A few links from tonight's show:
Personal savings rate: 4.4%. Which means that many Americans pay more in sales taxes than they save for the future
One employee, 80 years at Goldman Sachs
Does raising the minimum wage really solve problems of poverty? What's likely needed for many people is a better shot at climbing the economic ladder. That requires good educational and training opportunities (which is a community problem) and personal motivation (which is an individual one). Pandering on the minimum wage may be funny, but it eludes the sober reflection required to make sense of the issue.
Sale price for the Boston Globe: $70 million in cash. The principal owner of the Red Sox is buying the paper and its associated properties for a tiny fraction of what the New York Times Co. paid for it in 1993. Note that people paying high prices for Facebook stock need to take notice: Major media properties can plummet in value over time.
Listen again to the August 4th show in our podcast.
Thanks for listening this week! We'll be back next Sunday night at 9. More notes on the week in making money and having fun are on my website.
Thanks for listening tonight! Listen again to the show in our podcast.
Listen on-demand to our show from June 30, 2013.