“It is not from the benevolence of the angel investor that we expect our funding, but from their regard to their own interest.” (My apologies to Adam Smith.)

In 2005, Tourmaline Networks was acquired by Intellisync, ending one chapter of my career.

Prior to being a founder and the CEO…

Which is what corporations normally do

While many consider the true purpose of corporations is to mistreat customers, pollute the environment and trample on the workers as they pursue unholy profits and eventually achieve world domination (thank you Hollywood), the actual reason they have existed for centuries is that they have proven to be an effective…

If you answered, “that’s easy, the Federal Reserve,” guess again!

The following statement is not true:

“In the U.S., interest rates are determined by the Federal Open Market Committee (FOMC), which consists of seven governors of the Federal Reserve Board and five Federal Reserve Bank presidents.”

Investopedia, “Understand the Role…

And why do they have value?

NFT stands for “Non-Fungible Token,” which is, of course, gibberish.

Fungible sounds a lot like fungus but has nothing to do with mushrooms.
Being “fungible” is characteristic of good money, that all $20 bills have the same value, that they store the same amount of…

The times they are a changing…

As of Feb 1, 2021, the price of MSFT stock was $232 per share, with a market cap of $1.79 trillion. Which tells us that there are about 7.72 billion shares of MSFT stock in circulation. The average trading volume was 7.87 …

Exactly how did GameStop stock increase from $147 to $310 in one day?

Like any other financial asset, the price of any publicly traded stock is solely set by the supply and demand for that stock, at a public stock exchange, at that moment in time. Period. …

Eric S Johnson

Eric Johnson is a husband, father, engineer, pilot, surfer, investor and amateur astronomer who has read a lot of books on economics.

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