Being the default feels splendid because *gestures everywhere* life is tailored to your comfort, taste and priorities. Technology, cosmetics, professional industries, and even government structures are created with an ‘average’ consumer/user in mind. Now, don’t get me wrong. Being the norm while recovering from laser eye surgery, for example, is a gift; but not so much when…
Since humanity’s early days in Mesopotamia, managing risk has been a necessary part of life. As I wrote in this previous post, Hammurabi’s Code was the first set of comprehensive rules for finance, so the concept of skin-in-the-game is nothing new. Rather, this concept has been watered down, and the once-level equilibrium is off-kilter. Author of “The…
WTF is an NFT?
A non-fungible token.
Fungible means different, whereas non-fungible means unique. Ergo, an NFT is a unique digital asset. These assets are the conduit for tokenizing items like artwork.
How is an NFT the same as Bitcoin?
They both run on blockchain.
How is an NFT different from Bitcoin?
Each NFT is as unique as a fingerprint, whereas…
Thank you Joy Johnson, President of Simon Fraser University and Andrew Gemino, Dean pro tem, Beedie School of Business for inviting me to be part of the award winning SFU Beedie Talks Alumni speaker series. And thank you Omar Sachedina, CTV News National Affairs Correspondent for being a terrific moderator. You kept me on my toes. The topic…
We get it
The Robinhood app is the latest innovation designed to democratize investing and usher first time traders into the fold. Co-founder Baiju Bhatt declared that Robinhood strives to offer “people that don’t have a lot of money the ability to get started” in the market, which in itself is a righteous intention, with a legacy dating back…
Financial literacy is a powerful vehicle to attain financial dignity. The literacy piece is the foundational knowledge necessary to make practical and educated financial decisions, but dignity is captured by the social contract within society. It is expensive to be poor, and the mental cost of poverty is taxing, not to mention that many financial factors are beyond…
The pandemic has drastically altered investment behavior, pushing plenty of fresh investors into the market, which observed a spike in stocks traded the week after stimulus checks were mailed to Americans. As unemployment rates continue climbing and no aid is forthcoming from the Feds, it’s understandable why some desperate people are turning to alternatives like MLMs (multi-level marketing),…
Put some respect on my name
Santa wasn’t the only one working hard over the holidays. Our friends at Crowdfunding Capital Advisors crunched the 2020 numbers and wowzer . Not only did crowdfunding smash records this year, but it looks like it will serve as DigitalAMN’s launching pad for a record-breaking 2021.
The financial fallout from the pandemic forced a…
Will the real entrepreneurs, please stand up
According to James Altucher’s New York Post essay, New York City is dead forever. Alrighty then. A former hedge-fund manager, Altucher arrived at this conclusion in large part by polling his investment banker friends and collectively lamenting a dearth of opportunities stretched across the horizon in front of him. Um…
Avoiding negative information won’t make shit disappear. Likewise, railroading people — particularly subordinates — into going against their good sense and better judgement, will not make a shitty idea, any less of a shitty idea.
Take Enron, for example. Someone had to have known that ‘cooking the books’ was a terrible idea. But, oh… that’s…