Charlie Rose with Jamie Dimon
First Post in a long, long time.
An excellent 2 hour interview with the CEO of JP Morgan – A man who seems to be everywhere now due to the purchase of Bear.
Part I:
Archive for the ‘Clippings’ Category
Going Places with the Market Economy
This is a classic video (circa 1948) on how the market economy works.
CFA Topics for Level 3
Here is a little bit of a breakdown for the big exam this coming weekend
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Definition of an Actuary
From the CFA Forums:
An actuary is a person, who passes as an expert on the basis of a prolific ability to produce an infinite variety of incomprehensive figures calculated with micrometric precision from the vaguest of assumptions based on debatable evidence from inconclusive data derived by persons of questionable reliability for the sole purpose of confusing an already hopelessly befuddled group of persons who never read the statistics anyway!
Source – Not Required
How to get Rich – From J. P. Getty
John Paul Getty was kind enough to provide three simple steps to becoming wealthy:
- Get up early every morning
- Work hard every day
- Find Oil.
While we’re on the topic of Getty, I’ll include another of his gems:
The meek shall inherit the Earth, but not its mineral rights.
Rumsfeld Report
This was forwarded in an Email from the Big Jabber:
Donald Rumsfeld is giving the president his daily briefing.
He concludes by saying: “Yesterday, 3 Brazilian soldiers were killed.”
“ON NO!” the President exclaims. “That’s terrible!”
His staff sits stunned at this display of emotion, nervously watching as the President sits, head in hands.
Finally the President looks up and says, “How many is a brazillion?”
Brand Data from Tom Peters
I saw this in one of Tom Peters presentations:
Top 10 “Tattoo Brands�
Harley .… 18.9%
Disney …. 14.8
Coke …. 7.7
Google …. 6.6
Pepsi …. 6.1
Rolex …. 5.6
Nike …. 4.6
Adidas …. 3.1
Absolut …. 2.6
Nintendo …. 1.5
What do these figures represent, you ask? — The percentage of brand users who would be willing to tattoo the brand on their own body. Coke seems pretty hard to believe, no?
Tom Peters has plenty of interesting/useful free content available, you can find it here.
Peter Drucker on Managing Oneself
It takes far more energy and work to improve from incompetence to mediocrity than it takes to improve from first-rate performance to excellence. And yet most people — especially most teachers and most organizations — concentrate on making incompetent performers into mediocre ones. Energy, resources, and time should go instead to making a competent person into a star performer.
Peter F. Drucker, “Managing Oneself,” Harvard Business Review Mar/Apr 99
Makes sense, no?
Guy Kawasaki’s Advice
Guy Kawasaki’s venture column in Forbes is great. You can read some of the previous articles here. Here’s an excerpt that made me laugh:
My friend and I are college students with some extra time and an interest in investing. We both are experienced investors and wanted to turn it into a business. The idea is that we invest on behalf of clients and charge them a commission when we actually make them money. Any advice for us?
Finish college.
I like the way he writes, and will probably pick up his latest book, The Art of the Start.
Hardee’s Monster Thick Burger
Whoa – now that’s Juicy
107 grams of fat in a single burger? This is the anti-salad.
Although I love beef, I could never enjoy consciously downing a single burger that exceeds the total recommended daily Caloric intake. This thing has 3 times more fat than a Big Mac. Hardee’s is the new king of fast food.
Here’s More from CNN Money:
As many fast-food restaurants cut back the fat and calories in their offerings, Hardee’s Food Systems Inc. is betting that Americans are ready to sink their teeth into its new and improved “Monster” burger.
St. Louis-based Hardee’s said its new burger boasts two 1/3-pound slabs of Angus beef, four strips of bacon, three slices of American cheese and some mayonnaise — all on a buttered, toasted, sesame seed bun.
The “Monster Thickburger” will cost about $5.49, Hardee’s said. But chowing down on the 1,420-calorie burger, which contains 107 grams of fat, will cost around $7 with fries and a soda.
