Scot Wick Blog

Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 26 of 36 Saving, Investment, and the Financial System Section 10 of 25 … 2 · financial intermediaries, indirect finance: including banks and mutual funds - continued A mutual fund is an institution that sells shares of a mutual fund portfolio to the public, the portfolio being a group of stocks and bonds. The shareholder of the mutual fund accepts all the risk and return associated with the portfolio, the same as with owning individual stock shares and bonds. If the value of the portfolio rises or falls, the shareholder gains or falls. … The main advantage of mutual funds is they allow people to diversify. The value of any single stock or bond can greatly vary from day to day and year to year depending on the performance of one company. Therefore, holding only a single corporation’s stock or bond is very risky. People who hold a diverse portfolio of stocks and bonds ...

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 26 of 36 Saving, Investment, and the Financial System Section 9 of 25 … The financial system consists of various financial institutions that coordinate money flow between savers and borrowers. Financial institutions are grouped into two categories 1 · financial markets, direct finance, including the bond market and the stock market 2 · financial intermediaries, indirect finance: including banks and mutual funds … 2 · Financial intermediaries are financial institutions through which savers can make funds available to borrowers. The term intermediary reflects the role of these institutions positioned between savers and borrowers. Two of the most important financial intermediaries are banks and mutual funds. … Banks In the case of the owner of a small grocery store who wants to finance an expansion of his business, his approach is different than of large corporati...

  Fumiko Scot's information: Weight at 166 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 168. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, able eat good food and get enough exercise. Now spend most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back to Staine...

  “The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...