The Millionaire Next Door

Stop Acting Rich

J.C. Penney Patronized by The Millionaire Next Door

A recent article in The Wall Street Journal stated that “J.C. Penney reported quarterly results late Thursday and its shares soared 16% Friday.”  I’m delighted that J.C. Penney is rebounding from its brief and ill-advised venture into fashion boutique world.  Much of its current success appears to be a function of the company returning to …

J.C. Penney Patronized by The Millionaire Next Door Read More »

Common traits of successful corporate executives and the millionaire next door

There are two forms of human intelligence.  One is cognitive intelligence [IQ] which I believe is highly correlated with SAT results, etc.  But as reported in The Millionaire Mind, Cognitive ability [IQ] tests have been notoriously poor predictors of leadership performance. . . .  Relations between intelligence and leadership and managerial performance . . . accounting …

Common traits of successful corporate executives and the millionaire next door Read More »

Leasing: A Popular Substitute for Wealth

In Stop Acting Rich, I profiled the “aspirationals” (people who act rich . . . but actually aren’t rich).  Perhaps Shakespeare was referring to these people when he said “all that glitters is not gold.”  Yet many Americans are guilty of judging the wealth of others based on whether or not they drive prestige makes of motor vehicles.  Judgments …

Leasing: A Popular Substitute for Wealth Read More »

Young Married Couples: Follow the Ways of The Millionaire Next Door

Love should be the basis for a long and happy marriage. But even deep affection can be tarnished if a couple does not share the same goals and objectives.  J and J, both 28, are getting married this fall.  He is an engineer; she is an accountant.  Neither have any debt. Their combined 2013 income will be nearly $150,000 …

Young Married Couples: Follow the Ways of The Millionaire Next Door Read More »

The Millionaire Next Door: a J.C. Penney Fan

During the past two years J.C. Penney has implemented a dramatic change in its marketing strategy.  It called for greatly reducing the number of coupon/special on sale pricing and related promotional methods.  Its old method was replaced with the so-called stable, every day price point method.  And, according to The Wall Street Journal, this new strategy called for …

The Millionaire Next Door: a J.C. Penney Fan Read More »

The Millionaire Next Door. . . An Academic Entrepreneur

Two recently published articles caught my attention.  And, bear with me, they are related!  In the first one, Bob Dudley, the well respected CEO of BP, is quoted:  Employment is difficult in many places.  But anybody who goes through petroleum engineering, chemical engineering there will be jobs for them. . . .  . . . …

The Millionaire Next Door. . . An Academic Entrepreneur Read More »