oikonomia

management of the household (community, society, humanity & biosphere) so as to increase its value to all members over the long run
oikos: household; and nomos: rules

Economics, social science concerned with the production, distribution, exchange, and consumption
of goods and services. Economists focus on the way in which individuals, groups, business enterprises,
and governments seek to achieve efficiently any economic objective they select. Other fields of study
also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed;
history records changes in human objectives; sociology interprets human behavior in social contexts.
-Encarta

T12
Eeyore ponders a new career.
"Actually," Eeyore continued, "I'm thinking about a new career myself - personal growth and whatnot, and et ceteras, you know. I'm considering becoming an economist. Actually I didn't think of that myself. Owl suggested that I might be suited for it. He said someone called Thomas Carlyle said economics was the Dismal Science. That sounds most interesting."
-Winnie-the-Pooh On Success by Roger E. Allen & Stephen D. Allen

Sunday, May 7

The Hidden Risks of Cash

http://moneycentral.msn.com/content/invest/extra/P149139.asp?GT1=8007

Cash has its place in your portfolio, particularly for short-run diversification. But over time, it's not a safe haven and it's no match for bonds.

Excerpt:
But whether or not an investment suffers a loss from one year to the next isn’t the only measure of risk. There’s the risk of shortfall, volatility and inflation. And some of these risks don’t stay constant. Their severity changes depending on how long an investor plans to hold an investment.

posted by t12cjc | 1:21 am

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