Back in October 2009, I wrote the following:* “Despite the “neon” warning that: It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God[1] most of us, in our fondest dreams, wish we were smitten with riches and that we […]
Truly Afflicted (With Riches) !! Read More »
From Wikipedia1: An accessory is a person who assists in the commission of a crime, but who does not actually participate in the commission of the crime as a joint principal. The distinction between an accessory and a principal is a question of fact and degree: ● The principal is the one whose acts or
(or A View from the Pit We Have Dug for Ourselves) No so long ago: ▪ Owners managed their own small businesses (some of which grew very large);▪ Then in pursuit of more capital (translating to more power, influence, prestige, capacity, market share, etc.) some owners came to share ownership with total strangers via corporate
(*Adam Smith, that is) “LABOUR, it must always be remembered, and NOT any particular commodity or set of commodities, IS the real measure of the value both of silver and of all other commodities” [The Wealth of Nations, Bk 1, Ch. XI, Part III, p. 214; capital and bold emphasis added]. So why do we:
~If you are a corporation (or CEO, CAO, CFO, banker, shareholder, etc., etc.) your exam is titled, Multi-National Finals and is 98% the same as the National Finals (recently released—October 21, 2011). Like the National Finals exam, it is open book (or books, as the case may be). The only difference is question 15. So
Multi-National Finals Read More »
~Why 1601? Because those were the good old dogma days when “truth” had no obligation to conform to observed reality and measurement! Those were the days before the enlightenments of Galileo, Bacon, Locke, Newton, etc. Those were the days when the Church (or King or Baron or local aristocrat) spoke and “truth” reigned. Now, in
Back to Square 1601 Read More »
~SMS~1. Markets are rational—except when more frequently, they are not. 2. Moral hazard is to leverage your leverage. 3. There are stock puffers & stock prickers—and therein lies the grub. 4. Efficient Market Hypothesis is a congenital myth—somewhat like Santa Claus.[1] 5. Oversupply and under-demand are the norm—except when less frequently, they are not. 6.
Twelve Truths My Economist Never Told Me Read More »