Know when to skimp and when to splurge
Know when to skimp and when to splurge
Know when to skimp and when to splurge
Bringing back the morning numbers tweet
How real is money?
Tony Corinda, the famous magician and mentalist, wrote in his classic textbook 13 Steps to Mentalism that there are three general topics which nearly everyone wants psychic predictions on. Knowing these makes the job of a mentalist on stage incredibly easy, as just providing the hook into any of the topics gets people talking about what they really want.
One of my favorite parts of World of Warcraft is the in-game marketplace known as the Auction House. Inside the AH, you can see relatively free markets at work with minimal regulation by the game's owners. You can especially see how market forces create supply and demand, and if you're good at understanding human nature, you can make a fair bit of virtual money.
Financial aid swansong: Mass. College Goal Sunday
I recently had the opportunity to spend a few hours observing (not playing, I know the house odds!) people at a casino during a business conference. What a superb experience - not as a player, but as a marketer, to see how casinos manage the end user experience for maximum profit.
Here's a recording of a financial literacy presentation I did for the Massachusetts Association of Student FInancial Aid Administrators. Please watch this with a friend or colleague present and do the exercises together for maximum benefit!
Profits! Profitability! The holy grail of business. Yet surprisingly, one of the most difficult things to calculate. Companies spend thousands of dollars a year in consulting, technology, software, systems, and accounting firms just to get a vague idea of their profitability. Why?
"I would do this for free, but I make you pay so that you understand the value of what you are getting." - Mike Lipkin via Mitch Joel