The New York Times estimates that about 50 million people incur “net losses that average $1,000 a year” playing the lottery. Don’t play the lottery. Play sensible investment in low-cost index funds, which is just as fun.

Speaking generally, for-profit colleges are ripoff machines that exist to extract money from unfortunate students in return for a useless “education.” Speaking specifically, a new study demonstrates that this is true.

The hedge fund industry is in the midst of a slow-motion disaster, as its biggest investors come to the realization that the fees hedge funds charge make most of them a scam. One hedge fund guy is embodying the industry’s clueless resistance to change, in hilarious fashion!

No matter how many times someone writes the story about high-priced consultants who purport to tell corporations how to deal with their young employees—it’s still funny!!!

Adjunct professors are the most highly educated low-wage workers in America. And they told us all about it.

New York City’s $60 billion civil employees pension fund has just decided to drop all of its investments in hedge funds. That’s the sound of one more nail being hammered into a coffin.

The Panama Papers offer a good opportunity to say: Hey, how much is all this offshore tax haven bullshit costing the American public. According to one estimate: a shitload, of money.

That odd sound you hear this morning is the groaning of a million financial con artists who are complaining that their business model—ripping people off—is being undermined by good governance. Dang.

Perhaps the best reason to worry about Wall Street money managers ripping off investors is that most of those investors are regular people—via retirement plans. The extent of the Wall Street skim is truly shocking.

If you want to go to college, try community college. Try public college. Try the school of hard knocks. Do not, however, pay money for a degree from an online, for-profit school. Studies say: no!!!

A new study shows that the way that CEOs of large corporations are paid is a thoroughly corrupt, disgusting, despicable process more akin to the Mafia than to a well-run business. I’m paraphrasing.

If this whole “being president” thing doesn’t work out, Donald Trump’s company is ready to get the big man back in the casino business. A capital idea!

Today, another very rich man has given an enormous amount of money to a very rich university that doesn’t really need it. This gift is supposed to make the world better. But it is a very big waste.

Each and every hedge fund investor in the world believes that he is paying all that money to a hedge fund manager because he has one of the really good hedge funds. The reality is, most hedge fund investors are suckers.

In corporate America, the most persistent refuge of outright charlatanism is “branding.” The only thing more offensive to honesty than a “rebranding” campaign is a breathless feature story about a rebranding campaign.

“The 20 most profitable hedge funds for investors earned $15 billion last year while the rest of the industry collectively lost $99 billion.”

What good is a work of art that sits in a storage space, unseen by anyone? No good at all!!!

On the first day, God created the line.

Though we wish it were not so, America has a two-party political system. Both parties share many of the same bad qualities. But one is unique, in that it is a machine made of fraud.

“As artisanal food surges in popularity...the Mast Brothers’ story highlights how a company can have great success selling a product of dubious quality as something ‘artisanal’ or ‘handcrafted’ with beautiful packaging and handsome, bearded founders.” Ten dollar chocolate is worse than Martin Shkreli.