QOTD
"It's nice to have a lot of money, but you know, you don't want to keep it around forever. I prefer buying things. Otherwise, it's a little like saving sex for your old age."
- Warren Buffet on his $5B investment in Goldman

Buffet is right and wrong: Buffett Buys Goldman Stake in `Economic Pearl Harbor'

He's right that he should buy. He's a zillionaire and he can absorb a $5B loss if it comes to that. He can also absorb 5 years of underperformance on the investment if it comes to that as well. Plus, it was a total sweetheart deal for him as Goldman wanted Buffet's name on their shingle.

He's wrong in that, even if Congress pens this $700B bailout deal, that doesn't mean the world is right as rain. What if the bill passes, huzzah, and then that doesn't solve the credit crunch? Or the dollar tanks? Or whatever?

All this and now global warming rears its ugly head once more: Solar wind weakest since beginning of space age. Now, I'm not sure about the science on how American SUV's cause a decrease in solar winds, but I'm sure I can find a nobel laureate out there the explain it.


That said, I am already pre-bumming... the anticipation of bumming. The termperatures this weekend are low in the 50's and high in the 80's. I'm crossing my tired fingers (and legs) that the weather is cooler for the marathon in Milwaukee next weekend. I'd love a brisk 40-something start at 8:00 am with a cushy breeze off the lake and high 50's by 11:30 when I cross the finish line. Pinch me!

If the forecast is ridiculous in 10 days, I'll find a better run. I hope not though.
cross this... yow, bill

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