Former Federal Reserve Board Chairman Paul Volcker’s remark that the ATM represents the height of financial innovation in recent decades is mostly right. I would add broad-based index funds and online banking to the list. But Volcker’s deep distrust of financial engineering is spot-on. I thought about his dismissive comment after reading a recent news… Continue reading Keep investments simple
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Retirement housing
For an article at Next Avenue, I recently spoke with Robert Kramer about what he sees ahead for retirement housing and the challenges developers face to make their communities and facilities more inviting to older Americans. For a glimpse into the future of retirement communities and — pardon the odious term — “senior housing,” you… Continue reading Retirement housing