November 2008
18 posts
October 2008
23 posts
mister freedom →
Guinea Pig - Ben Watt
presidents x business cycles →
We Love ... →
Nassim Taleb and Benoit Mandelbrot on Economic...
The how matters more than the how much.
muji house blog →
Santogold - Guns of Brooklyn
dividendinvestor.com →
The future is never clear; you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
Warren Buffett, Forbes 1979
We had a no-asshole rule very early. Our basic rule has always been that we won’t deal with assholes.
Charlie Munger
WatchLehman CEO Fuld, full testimony before House Oversight Committee (CSPAN).
Gets good @ 01:07:11
Asset and Liabilities of Commercial Banks in the United States
commentary from CATO Institute Bank Loans Have Not ‘Dried Up’
Charlie, as a very young lawyer, was probably getting $20 an hour. He thought to himself, “Who’s my most valuable client?” And he decided it was himself. So he decided to sell himself an hour each day. He did it early in the morning, working on these construction projects and real estate deals. Everybody should do this, be the client, and then work for other people, too, and...
The economy is tanking and people are arguing about whether they should go to Demo or TechCrunch … Few companies sound like they are breaking new ground. It’s like, ‘Here is Twitter for dogs.’ And people still think they are going to get rich by being a blogger. It seems to me like the industry is still in denial.
J. Abrams
WatchBuffett on Rose, Oct 1, 2008
¶ Beware of geeks with clever computer models: “I mean they had all these types from Wall Street, you know, and they had advanced degrees, and they look very alert, and they came with these — they came with these things that said gamma and alpha and sigma and all that. And all I can say is beware of geeks, you know, bearing formulas.”
¶ Taxes shouldn’t treat income...
Dr. Dog, The Old Days