One of the problems with blogging is that one throws out a thought on a particular day only to see it vanish under a cloud of thoughts as day succeeds day. So, I am going to experiment with keeping my blogs on my website michael.vanbreda.org. In future, I will offer thoughts on this blog but link them to my website.
Time to pull out a posting from two years ago — nothing changes sometimes. In that old posting, I tell how I used to rant to my accounting students about the stupidity of government accounting, which fails to distinguish spending on today versus spending on tomorrow. We call the latter investing and it is what we do to make tomorrow possible. Sound investments pay for themselves by making a better future. So now in 2014 comes another example of silly decision making.