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Classic. November 25, 2008

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Post here from Ebaum’s World.

“I value the drawing at 233.95 so i trust that this settles the matter.”

Brilliant.

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Dilbert of Ze Day November 24, 2008

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dilbert

The Obama Transition November 9, 2008

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Interesting article from Wired- “Bush Revelations Anticipated When Obama is Sworn In

This is one of those things where you want to know, but you don’t want to know.

Merrill, CDO’s and Swaps November 9, 2008

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Good article from the times on the bubble and fall of Merrill.

Even the big dogs on Wall Street get caught up in the euphoria that comes with mountains of money.  Makes me realize they aren’t as different as one might think; sure they have an exotic, aka esoteric, vocabulary and work on Wall Street with all its mystique and aura but that doesn’t necesarily mean they are any more intelligent/smart/reflective.  They can still make mistakes.

Of course hindsight is 20/20, but you think someone would have raised the alarm when ML began holding larger amounts of mortgages to generate bigger fees.  Maybe someone did and they were out-shouted by Semerci– sometimes people confuse the loudest/most-obnoxious for the smartest.  $316B in CDO’s carrying anywhere from .4-2.5% fees= 1.4BB-8.0BB.  Lots of people would lose sight of the risk with that kind of money flowing in.  Ultimately, this is a failure of management. 

O’Neal should be held personally responsible to shareholders.  I think a CEO should be responsible for what employees do; call me crazy.  Being responsible for a company being liquidated should not include getting a 160 million dollar exit package.

One of the best… November 7, 2008

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I forgot how much I love this commercial.

Enjoy.

M. Crichton November 5, 2008

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Michael Crichton passed away today.  He was 66.

I really admire him not only as a writer and storyteller but also as a thinker.  My first thoughts when I heard of the news were of Jurassic Park.  That book was the beginning for me.  My 8(?) year-old imagination had never experienced anything like that before.  I think I still have the first copy I purchased/read tucked away at my parent’s house.  Makes me wish that I had used that particular receipt as a bookmark as I often do; note to self.  I’ve been trying to recall how I found that book.  One of my best friends at the time, 4th grade, might have told me to read it.  Part of me thinks that I might have randomly picked it out at the grocery store; the T-rex image on the cover sticks out in my mind and might have been the hook that grabbed me.

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Reminds me of all the things I was in to back then: movies (T2 and Tombstone- laser disc of course), Crichton books (Jurassic Park, Congo, Lost World), Legos, DOS games (Doom/Wolfenstein/Incredible Machine) and of course two of my favorite trends of the early ’90s—outdoor trampolines and Home Improvement.  Laser-tag at the mall was probably in there around the same time.  Once a nerd, always a nerd.

Looking back, ’91 produced a lot of movies that stick out in my mind: T2, Hook, Adamms Family, City Slickers, My Girl, Beauty and the Beast, The Rocketeer, TMNT II.  Sometimes I feel like I don’t remember a lot of my childhood, but looking back at movies from that time, I see a lot of names that I remember vividly.  Even going back as far as ’88 and ’89 when I was 4 years old; I may have been young, but I definitely took notice of Jessica Rabbit hahaha

I don’t really know where I’m going with this.  Just wanted to take a moment to reflect on one of my favorite authors.  He had a huge impact on my young, creative mind and now, being older, I have a tremendous appreciation for him as a thinker.  Randomly came across the following quote that really captures my feelings on this aspect.

“I have a lot of trouble with things that don’t seem true to me,” … “I’m very uncomfortable just accepting. There’s something in me that wants to pound the table and say, ‘That’s not true”

RIP MC