Professor Elam
Accounting & Investing Info for San Antonio A & M
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Walter Williams weighs in on the The Fair Tax in this column. While we have a course in income tax, I advise you to skip it and spend more time on accounting, You can learn tax more easily by buying the $15 Arthur Young Paperback on preparing your taxes at Hastings or B & N. …
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Several of you read one of Jim Rogers’ books this past semester. I urge others to do so and those that read one, complete the other-Investment Biker and Adventure Capitalist, I have two copies each. It is no accident I picked them for you, check out page B1 of the Dec 9 2006 WSJ. Jim…
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The creation of the Iraq Study Group reflects the vain hope that well meaning senior former public officials can have new ideas that redeem incompetent execution and insufficient resources.. Eliot Cohen WSJ Thursday 12/7/06 page A 18 WE do not know if the situation in Iraq can be turned around.Lee Hamilton, co chair Iraq Study…
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Class We have ended our first semester together, three more, at least, lie ahead to finish your BBA. Since this is the day before the final in Intermed I, this may be my last chance to really get your attention before January 16, 2007. So, let’s visit a moment about your favorite topic-YOU. You have…
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One of our themes in class is the speed of re organization. So Yahoo is re organizing to try to boost its stock price to match the Jack and Beanstalk results of Google. The hyperlink is to a B/W article. It illustrates why we study accounting very well I think, note the comparison of stock…
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Here is an interesting look at how merger mania occurs at the top of market indices. I have mentioned in several of the classes that merger mania is typical of market tops.It is inclusive which is a socionomic feature of the ‘good feelings’ generated by making money-let’s let everyone in! Yet this is the exact…
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In the several years I have been teaching I have observed a few students who are trying to come up with some sort of formula job for making money. Which field pays the best, how do I qualify, how much will it pay me? The problem is that they are equating this with job satisfaction,…
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Morgan Freeman at age 69 has just started Clickstar . And you can click on the hyper link to read about it. This is an interesting article in that it involves surveys and statistics, at what point (time, mechanical devices required) and at what price ($10,15,20) will someone download a movie? Freeman dived in working…
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Okay, think about this. One of the things that makes something important is scarcity. If few have it and there is value, it is valuable. If everyone has one, it tends to lose value. Hence the price of television sets has fallen while quality has improved, now everyone has multiple tv sets but no one…
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Check out the article on page B1 of the Friday WSJ 12/1/06. Shopping as the Dollar Drops details how Europeans are flocking to the US to shop, since goods are cheaper here with the US Buck at a 20 year low against the British pound. This is an offshoot of the story on page one…