Welcome to the value edition of Happy Hour! Sit back, relax and enjoy some of the more interesting things I’ve come across this week.
Zuckerberg
The Facebook IPO is about a week away. It will be interesting to see how it all turns out. I’ll be sitting on the sidelines, watching to see how much people will overpay for the stock. If you’re planning to buy Facebook, take the time to read The Maturation of the Billionaire Boy-Man about Mark Zuckerberg. Remember, he’ll have a 57% controlling interest in the company, stockholders are just along for the ride.
Butt Dialing 911
The biggest misuse of the 911 emergency number is from your butt. At least it is in New York, where the city dealt with 3.9 million butt dials in 2010. A study showed that butt calls, not to be confused with booty calls, amounted to 38% of all 911 calls. That’s an average of about 10,700 per day. The good news, 911 booty calls were down to 7%. Continue Reading…
The savings and debt debate has been ongoing since the first loan was created. With only so much income to spread around, a big decision must be made. Do you use any extra money to pay off debt or add it to savings?
One of the more confusing aspects of bond investing is the relationship of bond price and yield. As bond investors we want high prices and high yields but it’s just not possible. At least not at the same time. This is where the confusion begins. In a time where interest rates are at all time lows, understanding the bond price and yield relationship is important.