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Got a topic for our next Whiteboard video? Submit your ideas!
Help us break down complex financial topics into easy-to-understand analogies. Post a comment below with an idea for the topic of our next Whiteboard video and you could win a signed copy of Paddy Hirsch's new book "Man vs. Markets"
People who know me know I love two things: Explaining stuff to people and getting stuff for free. So it gives me great pleasure to combine these two loves by explaining to you how you how you can get something from me for free.
And that free thing is... a copy of my new book, Man vs. Markets. It explains all the basics and some of the not-so-basics about the financial system. Think of it as one of my Whiteboard videos on paper – with a fancy cover.
Post a comment and you could get free stuff
All you have to do is post a comment on this page suggesting an idea for an upcoming episode of the Whiteboard. Each week starting Friday Sept. 1 and continuing for the next few months, I’ll pick one person at random who left a comment and send them a signed copy of my book. And I’ll use your best ideas for future Whiteboard videos.
So post your comments with ideas – we need them, because without ideas, there’ll be no Whiteboards, and that could leave us all very badly needing a drink!
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Paddy, it is said that the rich keep getting richer and poor keep getting poorer. Over the decades, our markets and our community programs and our government legislation has not reversed the trend for the poor. What would be the effects of placing an income cap on the rich? Would financial incentives change enough for the lower classes so they would seek greater employment opportunities and self improvement?
I want to know about 'options.' At least I think I do. I had $2000 to gamble with a few years ago. I thought the stock market would be better odds than the casino—and I was right. I bought 10 shares of Apple for $100 and they are worth about $675. I bought $1000 worth of ebay at $17 and it's about $45.
However, could I have purchased options (is that the right word) which have given me an even greater return but limiting my loss to the $2,000 I was willing to risk?
Thanks!
Can you demonstrate on the white board the effect of the repeal of the Glass-Steagall Act (Banking act of 1933)/passage of Gramm-Leach-Bliley? Generally, did it effect a shift of risk from financial speculators to depositors? Did the repeal of Glass-Steagall/enactment of Gramm-Leach-Bliley contribute to the 2008 financial crisis, and if so, how? I think, whenever legislation promises long range salutary effect it is important to revisit the promise and the outcome at some remove of time.
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