Thought for Today – 09.18.11

New Economic Perspectives: William Black: Why Nobody Went to Jail During the Credit Crisis

We have known for centuries, that if you don’t underwrite loans, or if you don’t underwrite insurance, you’ll get something called “adverse selection”.

This interview answers the question of why nobody went to jail for our recent financial crisis.

For this underwriter, it’s all about prudent underwriting and strong internal controls.

Scary Chart of the Day – 9/15/11

EconomPic: The Evolution of Food Consumption

While not a surprise, this is rather concerning. I recently outlined that bottom earners have been earning less for the better part of the past 15+ years and it looks like it may be actually impacting the dietary habits of Americans (i.e. eating less [unlikely] or eating cheap / unhealthy food [likely]).

The crossover point in 1999-2000 is what fascinates me.

I was relaxing, catching up with the news when I realized I hadn’t posted a Scary Chart in quite some time.  Then, I saw this chart.  The quote above is from the author of the chart, not me.  Interesting, eh?

John Locke – Lessons From a Expert

How I Sold a Million Books on Amazon in 5 Months

In case you missed the message, John Locke is a serial entrepreneur who loves to write. He also loves to earn a profit from his writing. He sees writing as a business and the selling of books as a marketing effort. And this is what he shares in this book.

John Locke Author: Secrets to Self-Publishing Success

I owned a life insurance company. I quit college with one week to go before graduation in order to sell insurance door-to-door on straight commission. By age 28 I was one of the top insurance sales people in the world.  By age 35 I bought my own life insurance company and appointed nearly 7,000 agents in 34 states.

A Newbie’s Guide to Publishing: Guest Post by John Locke