The great monetary scientist Isaac Newton, who served as England’s Master of the Mint for 24 years, also did some ancillary work in physics.  The laws of Newtonian physics are known by nearly everyone and are often used by analogy to apply logical reasoning in other fields.  In this case, a few of these laws [...]

The most important decision an investor can make is what to use as the numeraire. But few investors even know what a numeraire is let alone have put deliberate thought into choosing their numeraire.  With advances in technology using a reliable numeraire is easier than ever.
CAPITAL ACCUMULATION
Investing is the process of allocating capital. [...]

J S Mill wrote: “The laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them. … It is not so with the Distribution of wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, can [...]

I have been thinking a lot about the meaning of saving money. Which brings me to what I call the fundamental question of finance: How does forgoing consumption today translate to increased consumption in the future?
In thinking about this question I have identified six distinct answers to this question:
The dog: Place a bowl [...]

The governments of the richest nations, as well as those nations who’s populations are poor but their leaders stashed reserves of funds, “invest” in the richest companies of this world that mismanaged their and our wealth in the first place and then ask for a bailout pretending to help us, by mainly hoping to help [...]