If You Want An Active Schedule, You

No Matter What Your Career Aspirations Are, You Should Begin By Thinking Carefully About Why You Are Engaging In Any Activity And What You Can Expect To Get Out Of It.

From The Law Firm's Perspective, Billing By The Hour Has A Certain Appeal: It Shifts Risk From The Firm To The Client In Case The Work Takes Longer Than Expected. But From A Client's Perspective, It Doesn't Work So Well. It Gives Lawyers An Incentive To Overstaff And To Overresearch Cases.

We Can't Count On The Fed To Inject This Level Of Liquidity That We Saw Last Year.

America Is The Only Major Country That Tries To Ascertain Who Was The First Applicant To Invent The Product Or Procedure. This May Seem Fair, But Long Proceedings To Determine Precisely When Each Party Conceived An Idea Result Mostly In Keeping Innovations From Hitting The Market.

You Have Various Institutions Like Law Firms And Accounting Firms Which Bill By The Hour. I'm Really Against That. You Have An Incentive To Go Slowly, Be There As Long As Possible, To Over-research Things And Over-staff.