It's 80 degrees in Palo Alto today...oh, and the US financial markets are crumbling...
Warren Buffet in last year's letter to Berkshire Hathaway shareholders:
“As house prices fall, a huge amount of financial folly is being exposed,” he wrote. “You only learn who has been swimming naked when the tide goes out -- and what we are witnessing at some of our largest financial institutions is an ugly sight.”
Yesterday Goldman Sachs announced he was investing $5B (that's a 'b') in the beaten down financial services firm. His timing has been really good in the past..is he a canary in a coal-mine indicating that the worst is over? Or is he an altruist trying to single-handedly stave off further declines in the broader US financial markets? We'll know in five years or so.
Michael Franti, who I've known for years now, is gonna be in the office today...and from the looks of the sound gear set up, he's gonna perform too. Did I mention I like my new job?
Borat has won a legal ruling. I'm happy to report that this is actually work-related now...http://news.yahoo.com/s/ap/20080910/ap_en_mo/borat_lawsuit