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Wednesday, June 26, 2002 |
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Berkshire Hathaway. "When the Bubble has burst, there will -- really -- be some people IN JAIL..." [The Motley Fool] harsh... most corporate financials are not worth the paper their printed on. I think this is an extreme attitude... but, if you're the type to dismiss things like this, maybe this will give you food for thought.
so i guess the question is are there any corporate leaders out there we do still trust? does it come down to the person at the helm and whether we trust them or not. scary. Does mean that the all-stars of the 90s are undeserving of the respect they've had (e.g. Welch)? |
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I saw Minority Report last night -- pretty good. Felt very true to Phillip K. Dick -- unlike the original Blade Runner, all the mind-bending, "question reality" stuff is in the movie. Had some very interesting ideas about what the future would be like. Nice looking. Still, felt a little flat, especially considering the length (2.5 hours). Worth the ticket though -- just to see Sci Fi done well. 8:13:00 AM 
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Seems cool -- uses probabilities to allocate input real estate to the most likely candidates. Apparently users continue to get better at it and you get to a reasonable rate of input (40 wpm) after just a few hours of practice. That's actually better than typing, if you think about it -- took me several months to get to a reliable 40wpm. some things are much harder to type than others. it's really easy to type the predictable thing. it looks to me like the predictive abilities could be improved -- seems like it's doing some simple prediction based on the likelihood of characters appearing next to each other.[Slashdot: News for nerds, stuff that matters] 6:58:59 AM
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WORLDCOM uncovered what may be one of the largest accounting frauds ever with the discovery of $3. 8 billion in expenses that were improperly booked as capital expenditures.[Wall Street Journal] This stuff is really bad. It undermines not just the stock market but the theory of corporation that it rides on -- that we, as owners in absentia, can trust managers to run the company with our best interests in mind. When the short term stakes are big enough, with huge option grants and pay for performance packages (where performance is narrowly defined), its beginning to look like we can't. 6:22:29 AM
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Consumer confidence falls in June, home sales sag in May. Star Tribune Jun 26 2002 4:50AM ET [Moreover - Economics news] 6:20:03 AM
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Last update: 9/29/2003; 6:52:04 PM .
