The 22 highland weavers of Patacancha, Peru received payment for goods sold today. Their efforts to revitalize and maintain the skills of the ancient craft were rewarded with a small percentage of the millions of tourist dollars that annually…
Total Cost of Ownership for Overland Expedition Vehicles
Introduction When you discuss the purchase of an overland expedition vehicle (OEV), typically the only costs mentioned are the purchase cost and the options cost. Very rarely, ongoing operational costs are mentioned. You will probably never hear anyone discuss the…
Parallels
In the early 1900s Argentina was the second richest country in the world. In subsequent decades its middle class enjoyed a very high standard of living. The country was rich in seemingly infinite natural resources, copious crop producing areas whose…
Kodak and Our Future
Steven Sasson, the inventor of the digital camera, was inducted into the Consumer Electronics Hall of Fame today. He invented the digital camera in 1975. Steven didn’t work for Nikon or Canon or Matsushita or Sony. Steven worked for Kodak.
Two Interesting Perspectives on the Housing Bubble
My comments last month about the U.S. Housting bubble generated a lot of comments, however, it came before I started this blog, so they all came back via email. This will be your chance to share your comments with a…
What did you do in the great real estate bubble crash, grandpa?
Legend has it that on a pleasant September Friday morning a rich stock broker stopped to get his shoes shined on his way to work. As he perused the morning paper he overhead his shoe shine boy trading stock tips…
Achieving Financial Independence
Some thougths on achieving financial independence: http://www.hackneys.com/docs/financial_independence.htm