Latenite Links

January 31st, 2010 by alyx · 2 Comments · links

- If you like your bankfail in chart form rather than boat form, this is the right place for you. (h/t TakeAReport)

- China: “Google? Never heard of it!” Davos: “Nope, never heard of it either.”

- The Richard Branson success model: Do what you love, listen to the customer and it’s never a bad idea to buy a really, really sweet island.

- Yes, it is possible to steal nearly five million dollars from one 7-Eleven.

- TRB has MSPainted up a poster for “Wall Street 3 – Madoff Never Sleeps.”

- Since you’re here you’ll probably like this link: an interview with the man who made “can haz” captions into a business. Best quote from a random 4channer: “Huh’s enterprise is the Hot Topic of the Internet. Every time we walk around and hear some random guy going ‘LOL! I can has cheezburger!’ it’s disgusting. It’s like a little bit of our culture has been taken out and defiled.” I like to think LOLFed is also part of that defilement, except, you know, without the spinoffs, or revenue streams, or the whiteboards. Jason, we need whiteboards.

- Bumped from a flight? Know your rights (I am personally disappointed these “rights” do not include a back massage, unlimited cocktails or even someone to indulge me in a mini-tantrum, because they really should.)

- And if I do get bumped from a flight, I hope it’s at an airport where I’m proximal to a Starbucks that serves beer and cheese.

- Right now I’m spending a leisurely evening finishing up an advance copy of The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It – an easy read and an interesting semi-biography of everyone’s favorite speculative hedgies. And it shows you how little we learned: LTCM melted down in the 90s because of problems with highly leveraged bets based on models, so… the market evolved into a system where we made highly leveraged bets based on models, and we all saw how well that worked out in 2008. Guess we’ll see where we are in 10 or 20 years.

Finally, a little video from the Onion – on what would happen if the Congo announced an economic bailout that consisted of an AK-47 in every pot. “I lost my job as a civil engineer five years ago! With this bailout, I can kill the man who took it!” –


Congo Approves Economic Stimulus Package Of AK-47 For Every Citizen

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