Anodyne
Thursday, December 03, 2009
 

Mr. Unnamed. Becker, Fagen, Buffett & Munger all = NAME FAIL, or so sez. L.

-We could call him "Yo Momma."

-Oh?

-Yeah, 'cause he's pretty hairy and actually a boy.
Wednesday, December 02, 2009
 

Some old friends and a new one.
Tuesday, December 01, 2009
 

Uptown baby, we gets down baby--
 

Courtesy Kate Beaton. S'truth!
Monday, November 30, 2009
 

New Westminster. Evening.
 

Liquor Before Beer. . .In The Clear

Greenlight Capital's David Einhorn on credit default swaps, hyperinflation, Japan's lost decade, gold, and many other topics of interest.
 

"Rejecting the old mass market in favor of idiosyncratic niche markets and cliquish alternatives to retail outlets, the new superconsumer believes that the limited-access transactions he participates in makes his behavior noneconomic. Since price is not important in these transactions, he ignores how he is trading in the more nebulous currencies of attention, prestige and status display as he seeks recognition and validation."

(via ST, who argues that this well-argued and -written article is too "Frankfurt School" for him, too bleak. I'd be more inclined to accept his conclusion without the Christmas wishlist of $100 vests and backpacks just below it, but maybe that's just me being catty. The article strikes me as entirely realistic, especially its prognosis of virtual anonymity for cultural producers who don't promote their paintings, photographs, music, etc. via the interwebs and social networking platforms.)
Sunday, November 29, 2009
 

Currently reading:

William D. Cohan, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street
Andrew Ross Sorkin, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System - and Themselves

The Sorkin's not really to my taste, Buffett's recommendation notwithstanding. Cohan's far better book is worth reading for anyone seeking a lucid, pithy analysis of the origin(s) of 2008's credit crisis.

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