WeWork’s unicorn debacle

WeWork IPO officially canceled because of crazy high valuation & debt. I was quite surprised to read Form S-1 filed with United States Securities and Exchange Commission. Also I was surprised by level of debt and long term financial commitments in front of property owners. WeWork business idea is not something new or out of […]

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Uber business model and IPO

Uber recently became public company, which led to questions on their business model, huge debts etc. I’ve decided to read report filed with United States Securities and Exchange Commission (Form S-1,Registration Statement). That’s long report with same information repeated over and over again. Here’s key takeaways. Uber is technological company with on-demand service. Everything started […]

Negative Interest Rates Policy with examples

Need GDP growth? Make people addicted to shopping and saving less. Why? Because it’s the way how modern economy work. The GDP growth rate could not be achieved if citizens (tourists) don’t spend money. In last a few years interesting GDP growth stimulation used: negative interest rate policy. That means depositors must pay a fixed […]

What material is used to print money?

Paper notes now replaced by polymer notes to make it durable. Here’s a few examples (not easy to find banknotes composition) from what banknotes made: 1) US dollar. Due to Bureau of Engraving and Printing US dollar composition: 75% cotton, 25% linen. Dollar bills durable, needed 4000 fold & unfold to tear note. Currency security […]

Planned obsolescence or build to fail items

How often do you buy items which supposed to last long but breaks fast? Most probably often, especially is it’s “only $9.99!buy now and save”. This happens because of built-in obsolescence. Planned obsolescence used by manufacturers in almost every product: product break fast, service became out-of-date, product with short trendy lifespan etc. Until 20th century […]

How to follow personal budget?

How often do you actually stick to budget? Most probably not often but every time promise yourself to spend less next month. Traditional financial education preach about strict budget as a way to achieve financial satisfaction. But in real life counting of every cent spend create guilty feeling. My personal approach to family budget: Keep […]