« 58:43/155 | Main | House for sale, part II »
October 22, 2005
Wizards of Money
While running and commuting, I've been listening to music, but also to an old podcast by an actuary who goes by the pseudonym of Smithy. She's done 22 almost hour long episodes of the Wizards of Money, a show explaining how the economy works.
Smithy covers some of the basics, like how money is created, what markets are, how risk is managed, and so forth. She basically delivers the same content as professor Siegel probably does in the classroom, but comes at it from the opposite direction.
The points in Smithy's podcasts are a little harsher than Siegel's, because she's working to convince the listener that the economic system we have leaves some things to be desired, while Siegel's writing for the investor who needs to keep those thoughts "compartmentalized" as Ellroy called it. In the end, it's clear that the very highest returns go to investors who approach the business of making money like a Count Dracula and Charles Ponzi hybrid.
Posted by Mark at October 22, 2005 10:28 AM
Trackback Pings
TrackBack URL for this entry:
http://mcraig.org/movabletype/mt-tb.cgi/940