Gary Belsky – a finance writer – and Thomas Gilovich – a psychology professor – teamed up to write Why Smart People Make Big Money Mistakes and How To Correct Them to teach us the most common psychological or irrational choices we all make about money, all the time. I say translational because this book is really a popularization, or translation, of behavioral economics, pioneered by Nobel Prize-winning Daniel Kahneman and the late Amos Tvorsky.

The good, the bad, and the ugly about this personal finance book by T. Harv Eker.

My father once said to me “One of the interesting things about getting older is realizing that the clichés, prejudices, and popular wisdom that we rejected as young, educated, independent thinkers turn out, in the end, to be true.”

Think like a bank (or investor) by understanding the "Yield" part of the Compound Interest formula. One person's interest cost is another person's return on capital.

In this educational video I explain why money today is more valuable than money in the future.

Crawford wrote this modern-day fable aimed most at people who struggle with high-interest debt. The Money Mentor is a modern-day version of George Clason’s The Richest Man in Babylon. I expected to hate The Money Mentor: A Tale of Financial Freedom, but enjoyed it very much.

In my ongoing quest to convince an indifferent world that the compound interest formula will clothe the downtrodden and otherwise save the planet, I offer this video explanation for what the compound interest formula does.

James Stewart wrote an interesting piece about a 55 year old NYC attorney who recently declared bankruptcy, after earning in the $375-500K range for the past 20 years for a series of high-powered New York law firms. But he has it all wrong.

In reading and reviewing John Lanchester’s I.O.U. – Why Everyone Owes Everyone and No One Can Pay I continue my quest for the best contemporary histories of the 2008 Crisis.

I wrote a few days back about how Reinhart and Rogoff’s serious academic review of past and prospective debt restructurings seemed to provide policy support for financial repression. This post highlights one of my favorite things – intellectual, counter-intuitive irony.

Economists Carmen M. Reinhart and Kenneth S. Rogoff’s latest paper re-raises the specter of sovereign default in the so-called ‘developed world.'

My taxi driver to the airport – upon hearing I was a ‘finance guy’ – told me all about The Richest Man in Babylon by George S. Clason, a book which changed his life.

John Lanchester’s novel Capital presents the 2007 and 2008 pre-conditions for the crisis in London – soaring real estate values, extraordinary inequality, random good and bad fortune, injustice, and fundamental cultural misunderstandings.

If you've never had extra money to spend, let alone invest, you might feel that it would be pointless to try to save small amounts. But it's not... because of the power of compound interest. The same applies to life.

My inaugural Bankers Anonymous “Finance Poem.” Ahem, thank you. Thank you very much. And happy new year.

Social scientists rig a Monopoly game to see how people’s behavior is affected with changes in socioeconomic status. And they tested other games to study the effects of money on empathy. You may not be surprised but you will be interested.