05 May 2012
Only Cash is Cash
But one should definitely enter into these products, if one does so, with an understanding that they are not in fact the "equivalent" of a federally insured checking account. Only cash is cash.
I've provided a case study at Forbes.com recently.
Knowledge is warranted belief -- it is the body of belief that we build up because, while living in this world, we've developed good reasons for believing it. What we know, then, is what works -- and it is, necessarily, what has worked for us, each of us individually, as a first approximation. For my other blog, on the struggles for control in the corporate suites, see www.proxypartisans.blogspot.com.