"Our friends in Redmond, they spend over $5 billion in R&D, but these days they just try to copy Google and Apple. So I guess it's a good example of how money isn't everything."
Steve Jobs, speaking at Apple's Worldwide Developer Conference
Wednesday, January 21, 2009
Monday, January 19, 2009
Gold
Buffett emphasized the non-productive aspect of gold in 1998 at Harvard: "It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." In 1977 Buffett was also quoted as saying about stocks, gold, farmland, and inflation: "stocks are probably still the best of all the poor alternatives in an era of inflation - at least they are if you buy in at appropriate prices."
source: http://en.wikipedia.org/wiki/Warren_Buffett
P.S: I'm loving the man
source: http://en.wikipedia.org/wiki/Warren_Buffett
P.S: I'm loving the man
Poor Guy! (Badbakht!)
Maurice "Hank" Greenberg. The spry insurance veteran's shares of AIG were worth $2.6 billion in January. Today those shares are worth less than $100 million.
http://www.forbes.com/2008/12/16/billionaires-adelson-casino-biz-billies-cz_dg_1216biggestlosers.html?feed=rss_popstories
http://www.forbes.com/2008/12/16/billionaires-adelson-casino-biz-billies-cz_dg_1216biggestlosers.html?feed=rss_popstories
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