Given the recent near or impending economic meltdown...
The Origin of the Specie. Didn't get the chance to highlight this interesting take on the situation, circa the 27th. It contains a dollop of reassurance that something had to be done, as well as a few clues to the derivation of the crisis. Also, if you get the chance, be sure to watch FoxNews' documentary, "Saving the Economy." Worth watching if only for the professor's clear and cogent exploration of the genesis of the problem, not to mention an edifying explanation of the alphabet soup of debt instruments. Did you know that there have been six mortgage blow ups since the Civil War? I didn't.
The Wheel of Fortune. Also from the Wall Street Journal comes "The Intelligent Investor" with an upbeat and serendipitous view of the markets. Wall Street may be dead, but only as we know it. His advice: don't bail. I personally advocate no position, as to my mind at least the casinos comp you drinks.
The Nature of the Beast. On Townhall, Ken Connor introduces the moral dimension when he categorizes the current situation as an outgrowth of moral relativism. I'm not sure I have the same rosy view of possibilities going forward. To my mind, Wall Street types will always be greedy, money-grubbing characters, subject only to the fear of God. However, he is correct in the deleterious influence of the new morality on our society: the lack of absolutes has led to an arbitrary Chinese menu of prejudices and preferences, most of them self-serving.
The Tipping Point. This one by Frank Silverstein, I include as a public service because it is timely. Coming from a family of entrepreneurs, I have seen the phenomenon up close. The true measure of a businessman or businesswoman is knowing when to cut your losses.
Survival of the Glibbest. And how about finishing up with an inspirational list? From Fortune comes a top ten list of remarkable coups in the annals of salesmanship.
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