Set up your retirement account. Just do it. Then forget it.

My new mortgage company wants to see the balance of my 401(K) account. That turned out to be a bit of a problem, but for the right reasons.

You see, I might or might not get 401(K) statements. I don’t look at them. Sometimes I save them. Usually I don’t. So I hadn’t looked at my 401(K) balance in years, and I really only had a vague idea what was in it. I knew there ought to be enough to make the lender happy.

What I found when I finally got my hands on a statement shows why part of my strategy is to never look at the account. Read more

Commodore was more than a stock scam

Commodore was more than a stock scam

From time to time, I see the phrase “Commodore stock scam” or something similar come up in discussion or in books. Commodore, in case you don’t know, was a high-flying computer company in the 1980s that was literally making computers as quickly as they could sell them while Apple struggled for its survival, and was in the enviable position of being the main supplier of chips for its competitors. Imagine if Intel sold computers at retail next to HP and Dell, while still selling chips to Dell. That was Commodore in 1984. I don’t have 1984 figures, but in 1985, Commodore had 38% of the computer market all to itself. IBM and its clones, combined, had 49%. Apple had 13%.

But a decade later, Commodore had squandered all of that away and was out of business. That’s why Robert X. Cringely sums up Commodore as Irving Gould‘s stock scam, then goes back to writing about Apple.

The real story is more complicated than that. More interesting, too.

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Commodore’s founder comes out of hiding

Commodore’s founder comes out of hiding

It’s been said that Ed Roberts of Altair fame was the last person to get the better of Bill Gates in a business deal.

But I’ll say it was Jack Tramiel.

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The little-known story of Commodore

So I’m reading On The Edge, a longish book that tries to tell the story of Commodore properly, including the people who made it happen, and the companies it bought along the way.

I’m glad the story got told.

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