Caring About The Workers

Last week, I used a tow strap (I keep it in my truck bag in the back of my truck) and my big Chevy Tahoe to pull a UPS truck out of a ditch. You know, the standard UPS package car – big, brown, GMC service chassis with a Grumman aluminum body with dual rear wheels. I know GMC makes 4×4 drive-trains for those things; they’re not that much more expensive, either. I would sort of expect that each UPS motor-pool would have a couple 4×4 and the rest rigged for highway driving.

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Capital: Valuations and Market Caps 101

In 1999, I became a millionaire on paper by selling shares in a company that I had created for the express purpose of selling the shares. That ought to sound bizzare to you, and it is – it’s one of the weirdest parts of corporate capitalism. The entire thing feels like a scam, except that the money is very real, or it’s not, depending on what happens.

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Capital: Asset Stripping and Leveraging 101

A friend of mine retired from an IT executive job and she and her husband decided to become wealthy capitalists in their retirement. Since the evils of capitalism are a frequent topic here on FtB, maybe it’s a good idea to do a quick explainer of how a few of those evils work. These are the simple ones, and I’ll describe them as cleanly as I can so you can understand what’s going on when you hear about it elsewhere.

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