mohit | Shared With: Everyone - Jul 31 2008 | credit, news, finance, ben stein, investment club
Though generally regarded as an economic conservative, Ben Stein acknowledges the need for improved regulation of Wall Street.
Quoted: It looks to me as if the inmates are running the asylum. One truth, that deregulation is sometimes a good thing, has been followed down so long and winding a road that it has led to an immense lie: that deregulation carried to an extreme will not lead to calamity.
- mohit | Shared With: Everyone - Oct 21 2008 | economy, investing, credit
Fred Wilson says paid search and Apple are bulletproof. Not sure on the latter, but we'll see. I consider Apple products to be "nice-to-have" as opposed to "must-have".
Quoted: The next 12 months may be a period of the 'haves and have nots'. Last night the Spotted Pig was mobbed but the new hot place down the block was not. There are bulletproof restaurants (the pig), bulletproof ad models (paid search) and bulletproof brands (all things apple). In tough times the money will keep flowing to the best companies and will stop flowing to the worst. Be a 'must have' and don't be a 'have not' in this environment.
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