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September 5, 2007

If an "investment" is any stream of future cash flows, isn't a "job" a phenomenally bad investment? What kind of financial adviser would suggest putting the vast majority of your net worth into a single product that didn't have any guaranteed return, without even reading the annual report first?

I hope the only reason they're popular is that we don't yet have a way to hedge.

July 7, 2007

Trader: One who is lucky, humble, or broke.

If you don't know which you are, you're not going to like the answer.

March 6, 2007

Panic, Bubble: Market in which the main news driving the market's performance is news of the market's performance.

January 5, 2007

Capitalism: Economic system under which any legitimate complaint can be rephrased as a decent business plan, and any decent business plan can eventually make someone rich.

January 4, 2007

Economics: Sociology for people unafraid of what's on the other side of the equals sign.

Marxism: Fun and educational game in which Proletarians and Bourgeoisie compete for supremacy. Game not allowed to end, because every time a Prole wins he automatically switches sides.

Net Neutrality: A 100% pro-consumer policy in which giant corporations, viz. Yahoo!, Google, etc. nobly battle giant corporations, viz. SBC, Verizon, etc., in an effort to save users from the horror of oligopoly by saddling them with a government monopoly.

See also: Forceful Net Control