Category: Theory

The Law of Committee-Action Tardiness

13 February, 2015 (10:00) | Capital control, Capital markets, Committees, Global news, Government, Regulation, Speculation, Theory | No comments

By: David A. Smith When it comes to analyzing government actions, we make too much of politics or partisanship and far too little of organizational behavior, which unlike politics can not only explain many decisions that would otherwise be incomprehensible but also guide our creativity in designing and implementing policies and programs. Time for the […]

Optionality and anti-optionality: Part 2, Loan + Insurance = Lower risk

28 July, 2014 (08:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News |

[Continued from last week’s Part 1.] By: David A. Smith When you’ve got enough to take care of yourself, more claim checks don’t do you any good. But they can do a lot of good for all kinds of other people. – Warren Buffett As we saw in yesterday’s Part 1, the Economist’s (May 17, […]

Optionality and anti-optionality: Part 1, reward later or reward now?

25 July, 2014 (09:36) | Banks, Economics, Finance, Foreclosure, Homeownership, Housing, Lending, Loans, Optionality, Rental, Saving, Theory, US News | 1 comment

By: David A. Smith Money is a claim check on other people’s products and services. – Warren Buffett Once a month, Mrs. Guggenheim sends the bank the same amount of money.  Darling, if you have to ask the price, you can’t afford it Is she saving for herself, or repaying a debt? Either way, her […]

Occupancy if not ownership: Part 2, A place is only a place

7 July, 2014 (13:48) | Archdiocese of Boston, Churches, Development, Occupancy, Ownership, Property rights, Scituate, Speculation, Theory, US News |

[Continued from yesterday’s Part 1.] By:David A. Smith Yesterday’s post on the deconsecrated Boston-area churches, using two recent stories in the Boston Globe (June 22, 2014; blue font) and the Boston Herald (June 22, 2014), highlighted that after a ten-year canonical appeals process, the Vatican denied the petitioners’ request for the archdiocese of Boston to […]

Occupancy if not ownership: Part 1, Parting from friends is a sadness

3 July, 2014 (10:01) | Archdiocese of Boston, Churches, Development, Occupancy, Ownership, Property rights, Scituate, Speculation, Theory, US News |

By:David A. Smith  Emotionally if not legally, possession is nine-tenths of the law, and in real estate, occupancy is nine-tenths of possession, emotionally if not legally or contractually. Ownership is a legal condition and it is also a state of mind: the longer we are able to occupy a place, regularly even if not continuously, […]