Dilbert on Pro Forma Statements

Dare I say that this Dilbert strip should serve as a warning to potential Facebook IPO investors?

Source: Dilbert.com

 

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QOTD: Mark Zuckerberg and the Marshmallow Test

From Henry Blodget’s excellent article in NYMag, The Maturation of Mark Zuckerberg:

When talking about Zuckerberg’s most valuable personality trait, a colleague jokingly invokes the famous Stanford marshmallow tests, in which researchers found a correlation between a young child’s ability to delay gratification—devour one treat right away, or wait and be rewarded with two—with high achievement later in life. If Zuckerberg had been one of the Stanford scientists’ subjects, the colleague jokes, Facebook would never have been created: He’d . . .

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Mike Wallace interviews Ayn Rand (1959)

I am a big fan of Ayn Rand and I was absolutely thrilled to come across this interview she did with Mike Wallace from 1959. She discusses the basis of her philosophy, objectivism, which was taking the United States by storm:

(h/t Ritholtz)

 

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Summers: Six Imperatives for Financial Regulation

Remember these from a few years ago? How do you think we’re doing? 

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Shit Happens, Economics Edition

Barry Ritholtz posted this great video of a stand-up economist doing a routine on “shit happens.” 

Have a great weekend!