Warren Buffett and Carol Loomis on "Charlie Rose"
(Video) Really, the whole thing is worthwhile, but the final ten minutes or so are quite illuminating. Start at 44:30 if you must skip ahead, and listen to this gem: "Capitalism and market systems work. It's been working since 1776 here, and it wasn't because we had stimulus programs in 1794. It's because our system unleashes people's potential...human potential is still untapped to a big degree." (As an aside, it's worth noting that people in many parts of the world still face fundamentally existential threats like unsafe drinking water, and nobody's ever going to grow a vibrant, wealthy society in those places until those problems are permanently solved.) And he frets elsewhere about a very serious problem: People are being buffaloed by an investment industry that tries to muddle sound principles with flashy offerings and endlessly complicated jargon.
Computer program update checklist
If you haven't updated some of the programs on your Windows computer lately -- not the operating system, but the programs themselves -- you should run through this list and make sure you're up to speed.
Detroit city councilmember demands "quid pro quo" from President Obama
JoAnn Watson says the President owes her city a bailout in return for the votes they gave him
Consumer confidence numbers up for lower incomes
And down among those with higher incomes
Analysis of lightning strikes may help predict tornadoes
We'll take every forecasting advantage we can grasp.
Saylorville Lake is at its second-lowest level of all time
Card counting and the privacy of your thoughts
Paper examines whether it's just to prohibit the use of cognitive enhancement to help count cards at the blackjack table. Our thoughts are our own...but the law may have to start making some accommodations for the fact that not all of our thoughts have to reside permanently inside our heads (literally, if certain cognitive tools come to fruition).
Apple announces plans to assemble computers in the United States