Goldman does not cause high profits but is merely associated with it.
Yes Goldman has done well in a credit crunch and put up big profits when the other banks have faltered, but is it because of him? No. In fact, it's not even the talent of those around him. All Goldman has to do is not screw up royally...and just ride on the brand recognition. It's sad really.
So much for a meritocracy and market efficiency.
Read a softball article here.
Friday, December 21, 2007
Goldman Sachs CEO gets $67.9 million bonus, $67.9 million too much
Posted by Mantracity at 8:29 PM 0 comments
Thursday, December 20, 2007
Snowkiting?
My preference is definitely the water, though I'm thinking of giving this a shot.
Posted by Mantracity at 9:10 PM 0 comments
Labels: Kiteboarding
Now that's a kite
This is cool. When I saw the picture I thought it was doctored. These Germans have actually designed a $750,000 160 square meter kite that can save as much $1,600 in fuel a day. Hmm...~470 days to pay it off, not including repairs and maintenance. My question is - how do they launch that thing?
Posted by Mantracity at 8:57 PM 0 comments
Labels: Kiteboarding, Technology
Sunday, December 9, 2007
Motorolla S9: Bluetooth headset and stereo headphones
Pros: sufficient volume (though not enough to give you hearing loss), stay put while running, all in one, price ($70 new on ebay), stereo bluetooth
I bet the plantronics version is better, though they are big.
Posted by Mantracity at 12:10 AM 0 comments
Labels: Technology
Wednesday, December 5, 2007
(Young) Canadian students top world rankings
Yet, does this play out later on, such as in University and beyond? Are Canadians known for their intelligence by their global peers? I don't think so, though there's no reason why we shouldn't be. We are like the small quiet kid in the corner - noone dislikes us because we don't do anything to provoke them, yet noone really likes us either because we have minimal impact in the world (yes we are small, though our impact is less than 1/10th the impact of the US). Why aren't we forging ahead? We don't have political strife, wars to fight, or anything else to distract us other than some Anglo/Franco issues. Yes we came up with the Blackberry, but why can't we create google?
Posted by Mantracity at 11:20 PM 0 comments