Tag archives for economics

  1. Fortunetellers, Stockpickers and the Former Chairman of the Federal Reserve

    Here’s a question, what’s the difference between the three of them?  Here’s a hint: not much.  Here’s an excerpt from an interview with Alan Greenspan, former chairman of the Federal Reserve: “I’ve been in the forecasting business for more than half a century.  If I get it right 70 percent of the time, I consider…

  2. Human Capital

    If you lost all you assets tomorrow, what would you be worth?  For people like Bill Gates, Warren Buffett or Alan Greenspan, quite a lot.  That very same day, they could probably get 100 job offers from people all around the world.  They have a lot of this thing called human capital (which is introduced,…