What I'm Reading This Weekend (3/3-3/4)

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Mar 02, 2018
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Article, Investing, Taxes, Budgeting, Behavioral Finance

Personal (mostly financial) news you can use:

Investing

  • Folks wait each year to read Warren Buffet’s annual shareholder letter.  You choose: the detailed review for the serious investor, or the main street review or wait until Monday to get the NGPF angle. In particular, check out how his 10 year bet with the best on Wall Street worked out...
  • To follow up on Digging Deeper: The Sharing Economy, this article from The Atlantic describes how Airbnb is not impacting the hotel business as much as it is the real estate market by effectively crowding out buyers.
  • Amazon acquires Ring, which can only help it’s Key business and give Google Nest a run for the money.  Yes, sometimes those Shark Tank investors get it wrong, they missed out on the cool billion that Amazon paid for it. 

Technology

Corporate News

  • Starbucks has figured out that less is more.  Have you ever seen anyone buying that merchandise anyway?
  • With only a few hours to find a traditional trench coat (and after a quick online search) we headed to Macy’s this weekend.  Seems others have been heading there as well.  Macy’s saw its first quarterly increase in sales in 3 years and has been making its stores nicer (watch the video), to keep people coming back.
  • Apple is planning to launch top notch health clinics for its employees this spring.  And here is the latest on Apple’s product pipeline for 2018.

Economics

  • New Fed Chair Jerome Powell gave his current outlook for the economy (and interest rate increases) to the House Financial Services Committee this week for the first time.  And yes, financial literacy came up (thanks Rep. Brad Sherman).  The market moved down slightly and 10-year treasuries moved up a bit he spoke.
  • Is Econ STEM? And why that matters.

 

About the Authors

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.