Weekly Reading 1/3
The Coming Venture Capital Boom
As the fire continues to rage in financial markets, it is hard to imagine when Opportunity will reappear. But the truth is when everyone sees Opportunity; they are only seeing the reflection. True Opportunity appears at the market bottom, not at the top. It’s times like these that test what you believe in, and I believe in the Business Cycle, Human Creativity, and the stimulative effect of massive Government spending. 2009 and 2010 will be great times to invest to reap the benefits in 2012-2014, for those who can judge both business risk and liquidity risk, and have the courage of their convictions.
Why Does Hollywood Hate the Suburbs?
“It’s easy to see why artists and intellectuals felt that they had to alert the general public to the emergency of these sudden new places’ peaceful, leafy streets. For one thing, the suburbs seemed not to offer the primary experiences of either country or city. The backyard is but the reminder of a meadow; the tree-lined intersection is but the faint echo of a busy urban intersection. The suburbs were the embodiment of that period’s fashionable existential fear: “inauthenticity.
“People with ideas are a dime a dozen; people who execute are rare. I don’t know about you, but when I look at my to-do list, I wonder where I fall on that continuum — will I be motivated to get things done this year, or merely inspired to add to add to my list?”
Rap music originated in medieval Scottish pubs, claims American professor
“The Scots have a lengthy tradition of flyting – intense verbal jousting, often laced with vulgarity, that is similar to the dozens that one finds among contemporary inner-city African-American youth.”
Bailout of Long-Term Capital – A Bad Precedent?
“The ad hoc aspect of the bailout created a precedent for what has come to be called “regulation by deal” — now the government’s modus operandi. Rather than publicizing definite standards and expectations for bailouts in advance, the Fed and the Treasury confront each particular crisis anew. Decisions are made as to whether a merger is possible, whether a consortium can be organized, what kind of loan guarantees can be offered and what kind of concessions will be extracted in return.”
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