Bracket up at techcrunch. Awesomeness. My money is on Berkshire Hathaway
Tag Archive for Economics
House Rejects Bailout Package, 228-205; Stocks Plunge
House Rejects Bailout Package, 228-205; Stocks Plunge – NYTimes.com — wow. going to get uglier. i think main street wants to see people going to jail, i don’t think constituents are going to turn around and support this until some of the folks who got incredibly wealthy are brought down.
Harsh words for the government and wall street
The Big Picture | A Memo Found in the Street. Icahn is harsh too and advocates clawbacks. Gross willing to manage the assets for free so hopefully we don’t pay anyone a lot for this work. The longer this thing runs out, the less sympathetic I am to the bailout. And it appears Congress is not a pushover either so I guess that is good.
The Innovator, the Imitator, the Idiot
From The Big Picture | The Innovator, the Imitator, the Idiot:
“Buffett once told me there are three ‘I’s in every cycle. The ‘innovator,’ that’s the first ‘I.’ After the innovator comes the ‘imitator.’ And after the imitator in the cycle comes the idiot.”
Your social security benefits
I don’t think anyone in the family is confused about this but just in case — The Congressional Budget Office estimates that there is only a 7% probability that someone born in 2000 will receive their Social Security benefits as promised today.
From Marginal Revolution: The Return of the Zombie.
Category: Uncategorized /
Tags: Congressional Budget Office, Economics, Marginal Revolution, Social Security, Social Security Benefits
Technology Review: Does the U.S. Need a CTO?
Technology Review: Does the U.S. Need a CTO?. Interesting proposition. What is the reason not to have one? You can debate how active the CTO should be and how much the CTO should leave to market mechanisms, but wouldn’t it be reasonable to at least have someone leading the discussion of strategy?
Marginal Revolution: The Return of the Zombie
Marginal Revolution: The Return of the Zombie: “The Congressional Budget Office estimates that there is only a 7% probability that someone born in 2000 will receive their Social Security benefits as promised today”
I don’t think anyone in the family is confused about this but in case you are…
The Big Picture | Bob Farrell's 10 Rules for Investing
Great list up at The Big Picture | Bob Farrell’s 10 Rules for Investing — these three really resonate with me:
3. There are no new eras — excesses are never permanent
5. The public buys the most at the top and the least at the bottom
9. When all the experts and forecasts agree — something else is going to happen