In and around Orange County, California and the World
Posted in Business, Investments, Observations on Jul 11th, 2008
A fellow value investor brought a remarkable article to my attention: Hard numbers: The economy is worse than you know by Kevin Phillips of Harper’s Magazine.
Ever since the 1960s, Washington has gulled its citizens and creditors by debasing official statistics, the vital instruments with which the vigor and muscle of the American economy are measured. [...]
Posted in Observations on Jun 4th, 2008
Came across an article the other day on CNBC about “The Girl Effect” (Peter Buffett Teams With Nike for $100M Investment in the “Girl Effect”) and it seemed oddly familiar.
What is “The Girl Effect”?
The Nike Foundation describes it in a news release (pdf) as “the powerful social and economic change brought about when [...]
Posted in Books, Business, Observations on May 28th, 2008
If you’ve gotten irrationally exuberant over the prospects of starting up your own business, here’s your cold shower. Scott Shane goes through some of the popular conceptions of startups busting myths and setting out the more sobering reality supported by data. To cut to the chase, government intervention to help startups is not [...]