Contributors
Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – LMFC
President & CEO – The Bank of Holland
SVP of Shared Services - LMFC

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

 

Some small businesses are struggling to obtain financing but many would also tell you that is the least of their problems. They are focused on increasing and rebuilding their sales. Those who survive the recession will be stronger for it and lead the economy in a sustainable way. Out of adversity comes opportunity. 
 
Read More Article: The Bright Side from The Atlantic.

 

In his book, "The Quants," Wall Street Journal columnist Scott Patterson looks at how a new breed of math wizards contributed to the meltdown of our financial system during the years of 2007-2009. It seems these highly intellectual analysts believed that the rules of physics could be applied as easily to financial products using complex algorithms.   Early on these Quants got their start trying to devise systems to win at...you guessed it! Blackjack. The book has good lessons for future investing. As Warren Buffet is quoted "Beware of Geeks Bearing Formulas."

Read more article: The Minds Behind the Meltdown from the Wall Street Journal.

Ever wonder why we have so much trouble saving for distant goals like retirement and college education for that newly born child?  The emerging field of behavioral economics helps to explain why spending comes so much easier than saving. 

 
Read more article: Why We Buy from Ode Magazine

The recession certainly had an effect on us all. The statistics in this article certainly paint a bleak picture. I have been considering the longer term effect on the economy and our society. I think we’re going to hear more about this topic in the months to come. 

 
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