Tags:
- business, idea, incubator, start-up
When it’s raining gold, reach for a bucket,
not a thimble.
Tags:
- investing, letter, stock market, usa, warren buffet
Set up a torrent tracker, get fined, go to jail.
Join a bank, destroy the economy, profit.
›› Umair Haque, from the Havas Media Lab
Tags:
- copyright, economy, file sharing, justice, pirate
Tags:
- bailout, barack obama, cartoon, economy, editorial, illustration, politics, president, terrence nowicki jr
The only function of economic forecasting is to make astrology look respectable.
Tags:
- economy, future, prediction, stock market
Some wise words from John Bogle…
- Beware of market forecasts, even by experts.
- Never underrate the importance of asset allocation.
- Mutual funds (or, unit trusts) with superior performance records often falter.
- Owning the market remains the strategy of choice.
- Look before you leap into alternative asset classes.
- Beware of financial innovation.
Tags:
- advice, index, index funds, investing, unit trust
I remember a time when banks lent money to people. Now it’s the other way around.
›› Thomas L. Friedman quoting a lawmaker on the television
Tags:
- banking, crisis, finance, funny, recession, truth
[The] last time AC/DC made No 1 in Britain, the country was on the brink of recession. Back In Black, the album that marked their commercial breakthrough and went on to become the second biggest-selling of all time, was released in 1980, just as inflation had reached 20% and unemployment inched towards 2 million.
›› The Guardian analyses the timings of AC/DC’s chart successes
Tags:
- economy, musician, old age, pop, recession, rock
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.
›› Warren Buffet has his plate filled with American picks
Tags:
- america, economy, finance, greed, investing, philosophy, stock market, warren buffet
It’s not based on any particular data point… We just wanted to choose a really large number.
›› A Treasury spokeswoman confides in Forbes.com
Tags:
- america, crisis, finance, money, mortgage, treasury
No better illustration exists of a culture where private gain has eclipsed the public good, public service, even public decency, and where the cult of the individual has caused the commonwealth to wither… That’s the culture we’ve lived with. It’s over now. Some new American beginning is needed.
›› Roger Cohen from the IHT lambasting the financial sector
Tags:
- america, culture, finance, greed, money, public service
Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.
Tags:
- billionaire, ceo, experience, fish, investing, land
Starbucks is a mass brand attempting to command a premium price for an experience that is no longer special.
Tags:
- barista, brand, coffee, expansion, layoff, premium, stock market
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