Friday, December 26, 2008

Short Takes: Real Estate, Ponzi Schemes, and Geniuses

The blogs were fairly quiet this week, but there were a few interesting posts:

1. Million Dollar Journey had a guest post by Julie Broad busting myths about investing in real estate. This is one of the more sensible articles about real estate investing that I’ve read.

2. Larry MacDonald examined Bernard Madoff’s $50 billion Ponzi scheme and noted that given how little information Warren Buffett gave his early investing partners, they could not have known whether he was running a Ponzi scheme. It seems that judging a money manager’s honesty is as important as judging his competence.

3. Canadian Financial DIY found a web site that tries to measure the reading level required to understand a given blog. He had mixed feelings about his blog being judged to require a genius reading level. My blog got the same rating, and I have the same mixed feelings. I’d like to think that my readers are all geniuses, but I doubt that you have to be a genius to understand what I have to say.


  1. I don't know if I should be insulted, but evidently you need a Junior High eduction to read my blog?

    Merry Christmas


  2. Have no fear. Your blog is very readable.