Wednesday, December 4, 2002

What Is "Productivity"?. The Labor Department announced higher productivity for the third quarter. Does it matter? [The Motley Fool] As asserted in the article, of course it matters! Whether the ongoing productivity gains can successfully change the current negative hysteria in the market is another question, but the technological underpinnings of constantly improving productivity will continue their merciless advance. Eventually, the economy and the market will need to reconcile with this unavoidable reality. 2:47:19 PM

Want to Be a Millionaire?. Whitney Tilson explains how almost anyone can have millions. [The Motley Fool] 'In short, the book explains most millionaires are "FRUGAL, FRUGAL, FRUGAL... Being frugal is the cornerstone of wealth-building... The affluent tend to answer "yes" to three questions: 1) Were your parents very frugal? 2) Are you frugal? 3) Is your spouse more frugal than you are?"' This helps me understand why I'm still broke (and why I'm likely to stay that way...) 2:16:59 PM