Capitalism Cafe: Where there’s no such thing as a free lunch
When I was in college I had a great idea for a supply and demand based restaurant concept. I’m sure I’m not the first one to come up with the idea, but I haven’t ever seen or heard of anything like this.
Imagine this:
You’re an investment banker in New York City or London and you need […]
Economists Don’t Predict Recession, Which Is Why We Are Headed For One
Most economists aren’t predicting a recession for the American economy in 2008, which is exactly why we are going to have one.
According to the Economist’s briefing on the American economy, it is very likely the US will see a recession in 2008, but even if it doesn’t it will still feel like one. This is […]
How to Borrower $50,000,000: The Commercial Mortgage Underwriting Process
When applied to commercial real estate debt, underwriting is a term used to describe the process a mortgage originator goes through when deciding whether or not to issue credit to a borrower. Financing commercial real estate is a completely different game than residential mortgage financing, and knowing how the process works will most certainly work […]
Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life.
I just finished the book Thinking Strategically: the competitive edge in business, politics, and everyday life by Avinash K. Dixit and Barry J. Nalebuff. It is the single best narrative (non-math) introduction to game theory that I have ever read. Here is the epilogue from part I, which paints the big picture incredibly well:
“A game […]