The Stingy News Weekly (12/16/2013)
Mike Rowe on the high cost of college
"If we are lending money that ostensibly we don't have to kids who have no hope of making it back in order to train them for jobs that clearly don't exist, I might suggest that we've gone around the bend a little bit" [video]
How to fail your way to success
"Billionaires like to say passion is the secret of success. But what else could they say without sounding like total jerks? They can't say they are smarter than poor people. They can't say they work harder than poor people. They can't say they simply got lucky because that would ruin their images. So they say passion is the key because it sounds like an appropriately modest answer."
Job creation plan won't create a single job
"However, reading through the details of this plan, skepticism turns to outrage. This is a plan that is explicitly designed to increase income inequality and transfer money from poorer regions of the province to one of Canada.s wealthiest cities and will likely not create a single new job."
Warren Buffett talks to students
"Warren Buffett (WB) met with 20 MBA students from each of eight universities, including the University of Maryland, on November 15, 2013. The MBA students asked 16 questions..."
Why a cheap stock can be a bad buy
"When you can buy merchandise at 40 per cent off the last ticketed price in the weeks before Christmas, you know that the current retail environment is grim. But when even the liquidators are closing up shop, maybe the situation is worse than we realize."
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