“Everybody’s worth less.  The ecosystem takes a hit as a whole.” Ev Williams In a Bloomberg interview.

"This is our time, to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American dream and reaffirm that fundamental truth, that, out of many, we are one; that while we breathe, we hope. And where we are […]

"A rational individual should abstain from voting." Patricia Funk As quoted in this wonderful article by Stephen Dubner and Steven Levitt, the authors of Freakonomics. When Abby, my wife, read the above she quipped "Only irrational people voting certainly explains a lot."

"Babe Ruth had only one home run. He just kept hitting it over and over again." Steve Jobs In response to an analysts question that Apple was limiting its opportunity in the phone market by only having one SKU (stock keeping units).  If you care to listen the discussion starts around the 54:12 mark of […]

I had a rather classic quote lined up this week. "What lies behind us and lies before us are small matters compared to what lies within us." Ralph Waldo Emerson And then a ran across this gem and decided a modern take was appropriate. "And if you’re worried about threats to the survival of your […]

Raising capital will be much more difficult now. You should lower your “burn rate” to raise at least 3-6 months or more of funding via cost reductions, even if it means staff reductions and reduced marketing and G&A expenses. This is the equivalent to “raising an internal round” through cost reductions to buy you more […]

"So what should the government do? Eliminate those policies that generated the current mess. This means, at a general level, abandoning the goal of home ownership independent of ability to pay. This means, in particular, getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into […]

"You can do a lot of damage on Wall Street with a pen and a piece of paper." Warren Buffett "What Buffett has done is provide the government a roadmap to how to invest in struggling banks." Aaron Task paraphrasing Larry White "If I were Bush, McCain, or Obama (all three of them ideally) I’d […]

"The thing I like to see is three personality types at the beginning of a company.  A director of engineering to build a demoable product.  A CTO who can expound on a vision.  And someone who is focused on building the company, selling the vision of the company, and marketing the company." George Zachary George […]

"The key issue is will the global war on terror ultimately achieve the objective." Andrew Bacevich Bacevich has a unique background.  He is a Professor of International Relations and History at Boston University.  He is also a West Point graduate who served in the Army during Vietnam and and former Lieutenant Colonel with experience in […]