The Importance of a Devil’s Advocate

The Importance of a Devil’s Advocate The 2013 movie World War Z starring Brad Pitt describes Israel as having something called the tenth man rule. An Israeli official explains to Pitt’s character Gerry Lane that after the Yom Kippur War took Israeli leaders by...

3 Economic Lessons from World Events

3 Economic Lessons from World Events Finance is useful in large part because of its ability to convert qualitative principles into quantitative dollar amounts. In a cost/benefit analysis a financial analyst converts both cost and benefit into a discounted cash flow...

Debentures and Collateral

In Disney’s 1997 cartoon adaptation of the Greek legend of Hercules, the evil Hades says to his kindhearted-but-enslaved underling, “Meg, Meg, Meg, my sweet deluded little minion. Aren’t we forgetting one teensy-weensy, but ever so crucial little, tiny detail?”...