Whole Foods Markets Inc. last fall started selling a new brand of laundry detergent called Nature’s Power, whose green bottle claims the product is made “with plant-derived soaps.” Its top active ingredient, a commonly used cleaning agent called sodium laureth sulfate, is found in plenty of its mainstream peers, including Arm & Hammer, which like Nature’s Power is made by Church & Dwight Co. Sodium laureth sulfate can be produced from coconut oil, palm oil or petroleum. “It is the same chemical compound, regardless of what it’s derived from,” says Clarence Miller, a professor emeritus of chemical and biomolecular engineering at Rice University in Houston. A Church & Dwight spokesman said the sodium laureth sulfate in Nature’s Power “is plant-based and not the same” as the sodium laureth sulfate found in Arm & Hammer. Whole Foods declined to comment. — WSJ Let’s also note that in addition to being made… Read more →
EppsNet Archive: Money
How People Learn to Become Resilient
[Developmental psychologist Emmy Werner] found that several elements predicted resilience. Some elements had to do with luck: a resilient child might have a strong bond with a supportive caregiver, parent, teacher, or other mentor-like figure. But another, quite large set of elements was psychological, and had to do with how the children responded to the environment. From a young age, resilient children tended to “meet the world on their own terms.” They were autonomous and independent, would seek out new experiences, and had a “positive social orientation.” “Though not especially gifted, these children used whatever skills they had effectively,” Werner wrote. Perhaps most importantly, the resilient children had what psychologists call an “internal locus of control”: they believed that they, and not their circumstances, affected their achievements. The resilient children saw themselves as the orchestrators of their own fates. In fact, on a scale that measured locus of control, they… Read more →
Tony Robbins’ Wealth-Building Tips Seem Pretty Useless
Tony Robbins has 6 tips for Building Wealth Now. Let’s look at each of the tips and apply the “would anyone advise the opposite?” filter to assess the value of Robbins’ advice. Don’t lose money. I’m not kidding, that’s the first tip. Would anyone advise “Lose money”? No. So this “tip” is useless. Look for investments in which rewards far outweigh risks. Would anyone advise “Look for investments in which risks far outweigh rewards’? No. Robbins recommends using “the 5-to-1 rule,” in which the potential returns on an investment are 5 times greater than the potential losses. Why 5? Why not 10? Or 100? Where do you find these investments? I have no idea. Don’t overpay taxes. Would anyone advise “Overpay taxes”? No. Diversify. Would anyone advise “Don’t diversify”? Possibly. There’s a couple of schools of thought on diversification: 1) Don’t put all your eggs in one basket; and 2)… Read more →
Another Thing I Like About Donald Trump
Embed from Getty Images Democrats don’t like him and Republicans don’t like him either. The overarching theme of American politics is Democrats vs. Republicans, Team Blue vs. Team Red. It’s a freakishly expensive clown show for which we pay trillions of dollars a year to watch the Red clowns and the Blue clowns throw pies in each other’s faces. Nobody really cares about truth, substance or common sense, only whether their team is winning. When Obama replaced Bush, Democrats didn’t care that Obama kept all the same wars going and started a few new ones, kept the torture programs going, kept Guantanamo open, ramped up drone warfare, cozied up to Wall Street, etc., etc., etc. All the things they hated when Bush was doing them were okay now because their team was winning. Elect Hillary Clinton and we’ll get four to eight years of trench warfare against Republicans. Elect a… Read more →
Cashing In
When I look up, I see people cashing in. I don’t see heaven or saints or angels. I see people cashing in on every decent impulse and every human tragedy. — Joseph Heller, Catch-22 Read more →
A Man’s a Man For A’ That
What though on hamely fare we dine, Wear hoddin grey, an’ a that; Gie fools their silks, and knaves their wine; A Man’s a Man for a’ that: For a’ that, and a’ that, Their tinsel show, an’ a’ that; The honest man, tho’ e’er sae poor, Is king o’ men for a’ that. — Robert Burns, “A Man’s a Man For A’ That” Read more →
Could Donald Trump Have Made More Money in an Index Fund?
I’ve seen this theory advanced by multiple sources, including the attached clipping, which I saw on Facebook. I don’t know the original source, but the finger-painting reference is a clue that the author has an anti-Trump agenda, hasn’t done the math and is just repeating something that may or may not be true for the benefit of anyone predisposed to believe it. The actual National Journal article, which is targeted at readers who don’t know much about history, math or the Trump family, says this: By putting his inheritance into the stock market back in the 1970s, [Donald] Trump might have been “really rich” without all the drama. . . . Had the celebrity businessman and Republican presidential candidate invested his eventual share of his father’s real-estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today, thanks to the market’s… Read more →
Why Jennifer Lawrence Makes Less Than Bradley Cooper
Jennifer Lawrence is complaining (Why Do I Make Less Than My Male Co-Stars?) that she and American Hustle co-star Amy Adams received 7 percent of the profits for the film, while male actors Bradley Cooper and Christian Bale and director David Russell received 9 percent. The only explanation I can think of for this inequity is that Jennifer Lawrence and Amy Adams were willing to work for 7 percent. It doesn’t make sense to sign a deal for 7 percent and then complain that you didn’t get 9 percent. If you want 9, ask for 9. If it’s going to bother you to make less than a male co-star, ask for the same deal as the male co-star. Does Jennifer Lawrence have an agent? This doesn’t seem super complicated . . . Read more →
Time is Money
Amazon sent me some book recommendations, including A Short History of Nearly Everything by Bill Bryson and A Really Short History of Nearly Everything by the same author. The second book costs five dollars more. Shouldn’t it be the other way around? Maybe condensing a short history into a really short history saves me some time and I have to pay more for that. Time is money . . . in this case, five dollars. Read more →
There Are Four Ways You Can Spend Money
There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40%… Read more →
Greece is Going Out of Business
I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries. The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get nervous. My memory is not photographic as some of the legends about me say, but I am sure I would remember if the works of Adam Smith included the phrase “too big to fail.” — Garry Kasparov What are the odds that people running companies or countries will make smart decisions about money if they don’t need to make smart decisions — if they can do just as well or better making dumb decisions and being rescued from the consequences? According to the government debt chart below, the next countries… Read more →
Why Do I Need Clean Pennies?
Act Now to Take Advantage of the New Low Price
We Save Things Around Here
What do I mean by “save things”? My wife was tidying up the garage and found this checkbook. The date (Dec. 19, 1991, the month after we got married) and the check number (101) tells me that it’s the first check we ever wrote on the first joint checking account we ever had. Read more →
I’m in Semi-Solidarity with the Protestors
I support the UC Berkeley students protesting tuition hikes but maybe with a little less conviction than I used to because my kid is a senior and no matter how high tuition goes I won’t be paying it anymore so I hope the boy was in class yesterday and not out causing a disturbance . . . Read more →
Microeconomics at Walgreens
“Do you have a Walgreens rewards card?” the checker asks. “Yes I do,” I reply and I hand it to him. “Do you want to redeem any reward points today?” “Can you tell me how much I have available in reward points?” “Yes . . . let’s see . . . you have one dollar.” “One dollar?” “Yes.” “I’ll let it ride.” Read more →
Baldness vs. Malaria
Why is there so much more research done on baldness than on malaria? Because rich people go bald, and they don’t die of malaria. — Bill Gates Read more →
Income Inequality is the Best
People Who Don’t Want Me to Know Things
What I want to know is why there are so many people who don’t want me to know things . . . What the 1% Don’t Want Us to Know Natural Cures “They” Don’t Want You to Know About 20 Terrifying Facts Food Companies Don’t Want You to Know 11 things the Koch brothers don’t want you to know What hospitals don’t want you to know about C-sections 5 Things Hackers Don’t Want You to Know The Sad Secret Successful People Don’t Want You To Know 7 Rip-Offs Corporations and the Wealthy Don’t Want You to Know About Something Most Christians Don’t Want You to Know 11 Secrets Supermarkets Don’t Want You to Know Conspiracies: Five things they don’t want you to know The 25 Shadiest Things Drug Companies Don’t Want You To Know 11 Secrets Pilots Don’t Want You To Know Bottled Water: 10 Shockers “They” Don’t Want You… Read more →
This Kid Made an App That Exposes Sellout Politicians
Via VICE: Yes, the algorithm is if (isPolitician(x)) { x.sellout = true; } Thus spoke The Programmer. Read more →