Gongol.com Archives: May 2012
Brian Gongol


May 29, 2012

News It's not the OJ Simpson trial, that's for sure
Rajat Gupta is on trial to determine whether he cheated the stock market by using insider information. The judge in the case is worried that the lawyers on both sides are boring the jury to death, saying, "We need to find a way to sharpen the presentation on both sides and get it more focused." Unfortunately, this is why Warren Buffett noted in his year 2000 letter to shareholders that "More money, it has been noted, has been stolen with the point of a pen than at the point of a gun." People are neither well-versed in things financial, nor are most people easily excited about or interested in those things. In a very real way, theft by insider trading or accounting fraud is made easier by the fact that so many people find it just so infernally inscrutable. Because financial crimes don't involve gunfire or stabbings, they just don't seem as viscerally exciting as violent crimes. But they can be enormously harmful, and on a much larger scale than a single armed robbery.

Computers and the Internet Another view on the future of Facebook
The site simply won't last in predominance forever. It probably has about three really good years left. At some point or another, people will decide that too much sharing is just too much. And there's no shortage of potential rivals who have already arrived on the scene -- or that may appear later.

Iowa Iowa's supreme court isn't "radical", and political candidates have an obligation to be honest
A state senate candidate in central Iowa is accusing the Iowa State Bar Association of creating a "radical" supreme court for the state. He's referring to the court's decision in Varnum v. Brien, which was the correct decision -- even if he doesn't like it. The decision -- which had the effect of making gay marriage a legal right in Iowa -- was not "radical". It was, in fact, a fair decision under the state's constitution, which is all we can ask of our courts to deliver.

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