George G. Strong III

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This 4,000-Year-Old Financial Indicator Says That A Major Crisis Is Looming

<b>Over 4,000 years ago during Sargon the Great’s reign of the Akkadian Empire, it took 8 units of silver to buy one unit of gold.</b><p>This was a time long …

Mesopotamia
Dominican Republic

Everyone applying for financial aid got some good news

<b>An important change is coming to financial aid (Wealth Management)</b><p>One problem students applying to college face is that tax season doesn't properly align with the application process, and sometimes a student doesn't know if they can afford a school they have been accepted to until very late in the …

George Mason University

Young adults: More credit card debt than savings

Ebeth Fielder, 23, has a simple explanation for why many people, particularly those in their 30s and 40s, owe more money on their credit cards than they have in emergency savings.<p>Think about it. It can take an entire year to save up around $1,000 if you're setting aside twenty bucks a week. It only …

Personal Finance

Here's the one thing that went wrong for Berkshire Hathaway in 2014

The message begins with a quick review of the company's 2014.<p>"It was a good year for Berkshire on all major fronts, except one," they wrote.<p>It relates to its railroad company Burlington Northern Santa Fe, and how it could've served customers better. From the note:<p>Our bad news from 2014 comes from …

Investing

These 3 Millionaire-Maker Stocks Turned $20,000 Into $1.1 Million

William Shatner's Priceline is one of the best consumer-facing stocks of the past decade. Source: Priceline.<p>The best stocks make themselves obvious over time. The key, though, is figuring out how to choose a winning stock <i>before</i> it begins its best years of performance. Fortunately, time is on your …

Humiliated Greece eyes Byzantine pivot as crisis deepens

Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro<p>Greece's new currency designs are ready. The green 50 drachma note features Cornelius Castoriadis, the Marxisant philosopher and sworn enemy of privatisation.<p>The Nobel poet Odysseus …

Warren Buffett: In 1964, I made 'a monumentally stupid decision' over $0.125

He recalls an event that he characterized as "a monumentally stupid decision."<p>Believe it or not, it was the aggressive takeover of Berkshire Hathaway, a textile factory that was basically doomed to fail.<p>The "decision" occurred in 1964 when Buffett, then an owner of just 7% of Berkshire, had the …

Investing

7 tasks successful leaders never delegate

I’ve made the point before that knowing when and how to delegate is a trait of good leaders. It shows trust in your employees and ensures that you …

Two books Warren Buffett says you should read

NEW YORK (MarketWatch) — After you read Warren Buffett’s latest letter to shareholders, he’s got two other reading recommendations.<p><b>“Where Are the</b> …

Investing

Advice from Warren Buffett that could make you rich

The Berkshire Hathaway annual letter is out, and Warren Buffett again finds new ways to preach what he's been saying for 50 years.<p>Such consistency has paid off for Buffett: A jaw-dropping return of 1,826,163% over the past half century. That's an average annual gain of 21.6%, compared to 9.9% for …

Investing

15 charts that explain the Greek crisis

Greek output per head fell by a quarter in the six years following the global financial crisis. It kept falling well after other European countries …

Europe

Obama's retirement investment protections explained

President Obama says he wants greater protections for retirement investing.<p>He unveiled a proposal that would hold financial advisers handling …

Consumer Protection

You Blew It! More Saving Will Ruin the Economy?

Posted: Feb 28, 2015 12:01 AM<p>“If everyone saved more, we’d have a problem.” – Robert Shiller<p>Last week, in promoting a new edition of “Irrational …

Investing

4 best books for retirement investors

The question of the day: How much do you really need to know in order to be a successful investor?<p>Throughout North America, it's the start of the …

Investing