April 14 (Bloomberg) — Traders who start the morning with high levels of the hormone testosterone, produced in the testes, will probably make more money that day, a study found. More If this is true, I'm in trouble  

I did not always have a pea brain.  Once, I had a mind like a steel trap.  I would astound and impress with great feats of intellectual power.  Men feared me, women were desperate to have me. Now… well, I'm a dithering idiot.  I'll set down a cup of coffee and a minute later, I [...]

I am in the process of creating a sister site at www.independentschoolfinance.com that will contain the institutional and not-for-profit information.  Once that is complete, both sites should be better organized and updated regularly.  This should be done next week.  Thanks.

Low default rates and foreign purchases certainly argue for a price floor, or at least price stability.  However, the lending environment has dramatically changed.  The Bloomberg article can be read here

Prassas Capital has closed a tax-exempt private placement for the Montessori of Maui independent school.  The proceeds of the financing will be used to finance new classrooms, a multi-purpose facility, and site preparation and improvements. As a small, unrated, first-time borrowing, the financing accomplished important objectives that were simply not possible with other alternatives: •   [...]

"If you're in a poker game and you don't know who the patsy is, you're the patsy".  Warren Buffet Today's Bloomberg:   The Reading, Pennsylvania school district must pay $230,000 to Deutsche Bank because it is on the losing side of a wager on long-term interest rates. Excerpts from the article:“It was all done in a [...]