Keeping score
Something I said at the office (which you should remember for later): The road to Hell is paved with derivative financial instruments.
I think those are right there between underpants gnomes and advertising based web business models in terms of suck.
February 22nd, 2011 at 5:57 pm
Derivatives have valid uses but can and have been abused. Kinda like guns. Wouldn’t want this web site to be blaming inanimate objects rather than criminals.
February 22nd, 2011 at 6:06 pm
The road to economic disaster is certainly paved with them.
February 22nd, 2011 at 6:25 pm
Maybe wallpapered with them.
February 22nd, 2011 at 9:29 pm
Derivatives aren’t evil, people who don’t understand derivatives using them are evil.
February 22nd, 2011 at 9:58 pm
I liked what Charlie Munger said, “When you try to reach out and collect the money that’s backing up the derivatives the money vanishes.” I was amazed the Warren Buffett actually got into the derivatives trade.
February 22nd, 2011 at 11:09 pm
Derivatives are akin to mixing equal portions of milk, bourbon, and sewage.
February 23rd, 2011 at 1:35 am
Umm…aren’t you an ad funded business model? Your blog certainly doesn’t suck……just saying. =)
February 26th, 2011 at 1:45 am
Unc, thought you might want to know that our own Blount County Commission just refinanced our $229 million of debt.
46% of it will be synthetically-fixed-rate debt.