2/8/18

Is Janet Yellen Jewish?

Yes, my favorite person of the past four years, Brown graduate (Pembroke), and the now-newly-retired Chairman of the Board of Governors of the Federal Reserve System of the United States, Janet Yellin is a Jew.

Wikipedia reports, "Yellen was born to a Jewish family in Brooklyn, New York, the daughter of Anna (née Blumenthal) and Julius Yellen, a physician. She graduated from Fort Hamilton High School in the Bay Ridge section of Brooklyn. She graduated summa cum laude from Pembroke College (Brown University) with a degree in economics in 1967, and received her Ph.D. in economics from Yale University in 1971 for a thesis titled Employment, output and capital accumulation in an open economy: a disequilibrium approach under the supervision of James Tobin and Joseph Stiglitz."

Yellin presided over the bull market of 2014-2018 during which the DJIA rose from 15,372 to 26,616, a gain of 74% in 4 years.

That's why she is my favorite person of the past four years.

2/2/18

My Jewish Standard Dear Rabbi Talmudic Advice Column for February 2018: Is Bitcoin Kosher? Should I post my medical status on Facebook?

My Jewish Standard Dear Rabbi Talmudic Advice Column for February 2018
Is Bitcoin Kosher? Should I post my medical status on Facebook?


Dear Rabbi Zahavy,

My friend says I should buy bitcoin. He predicts I’ll make a big profit. He says that even though the value of the cryptocurrency recently has risen dramatically relative to the dollar, it’s not too late to buy. Should I trust his advice? And honestly, I do not understand how the currency works. Can you give me some insights? Should I trust bitcoin?

Taking Risks to Get Rich in Ridgewood

Dear Taking Risks,

I checked thoroughly and want to let you know that my research shows that the Talmud has no teachings about bitcoin. The Talmud is an ancient literature. Bitcoin was invented quite recently. Never the twain shall meet.

And although I worked for years in the financial services industry, at big banks and at hedge funds, I did so as a technology expert, not an investment adviser. I have no credentials to give financial or investing advice. And if the truth be told, I am not very good at following the sage advice I received over the years from the real money experts. Accordingly, please do not construe anything I say here as guidance for your investing. I will not and cannot tell you what to buy or sell or when to do so.

But while I researched and pondered what the Talmud might say about your inquiry — as if prophetically the Talmud could know about bitcoin — I did realize there are some striking similarities between the two systems — between traditional religion and the blockchain technology that underpins all cryptocurrency.