Alternatives to the IRR and the VAN

In a previous article, I discussed the shortcomings associated with using the Internal Rate of Return (IRR) or Net Present Value (NPV) as a measure of return for income-producing real estate assets. In that article, I also indicated that there are several other return measures…

No fake cheesecake

The oldest known recorded recipe (circa 160 BC) was for a type of cake eaten during religious celebrations in Greece, containing goat cheese and in no way resembling our modern version. Fast-forward to 1390 when an English cookbook had a chef named Heston Blumenthal insist…

How to Propose to a Filipina

In fact, it would be wise to learn how to propose to a Filipina before doing so. Although Filipino women are generally known to be conservative, they can also be quite mysterious. It’s really hard to know what’s on a Filipina’s mind, even if you…