QOTD
"What counts more than luck is determination and perseverance.
If the talent is there, it will come through.
Don't be too impatient."
- ???
Kind of a blah blah blah QOTD. Preachy. Until you see who said it.

Investing: The recent past
This excellent graph from the Mad Hedge Fund Trader, originally Bespoke Investment Group:

Trillion.png picture by madhedge

For those of you keeping score, that's:
  • $63 trillion market cap of world equities at the peak
  • $25 trillion at the bottom (a loss of $48 (fucking) trillion worldwide)
  • Now at $43 trillion and rising
Amazing. Simply amazing.
Or as the Mad Hedge Fund Guy more eloquently says, "This is wealth destruction of a truly Biblical proportions."

Investments: The near future
I am currently accepting inquiries for a limited number of preferred investors (sort of like Jew-el's Preferred Card) in an exciting new opportunity that will probably be the next "thing" on the Internet.

Obviously, I can't go into too much detail, but basically I'm working on the next Twitter. Here's the back of the envelope:
  1. We all know the problem with Twitter: 140 character messages are too long to read and no graphics. Plus, the past perfect tense of "tweet" is, um, problematic.
  2. My solution is www.blather.com. I expect Blather to pretty much displace Twitter as "the" next mode of communication for young people and suspended football players around the globe.
  3. Blather will replace Twitter. "Blah-ing" will replace "tweet-ing". The kids will say, "He just blah'ed me that he'll be 15 minutes late" or, "His blather stream is my favorite." Of course, celebrity blathers will be the rage. You don't have to spell or use text to blather; this will be a strong draw to many TV, movie and sports idols.
  4. Instead of 140 character messages, Blather will allow blah-ers to send up to 16 emoticon images to other users following their Blather stream. For example, the 3 emoticons to the right say "I have squirted lemon juice in my eye. It hurts. Oh, now I'm okay".
You know the drill. Offer not available in Tennessee. Please send checks. Not cash.
blah blah blah... yow, bill

PS - QOTD by Fred Astaire. When Fred Astaire hands down some advice on succeeding, I listen. I wonder how many people have never seen Fred Astaire dance. Or Michael Jordan play basketball. Or the NY or Chicago symphony. I'm talking the best of the best.

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