This morning, Rutgers University released its Labor Scorecard, which confirmed the high unemployment figures published by the Labor Department earlier this week. Someone in the PR department at Rutgers caught this report on its way out the door and added a little spice to the press release, noting that “though unemployment has risen in 2009 to its highest rate in 26 years, all is not gloom and doom for America’s workers on Labor Day…average inflation-adjusted earnings have actually increased for those still collecting paychecks.”
How is a stock like an equity bond?
Warren Buffett described his philosophy of viewing stocks as ‘equity bonds’ in a 1977 Forbes magazine article and subsequently in a speech at Columbia Business School. In her book, Warren Buffett and the Interpretation of Financial Statements, Mary Buffett attributes the concept to Buffett, which is interesting considering that the title of her book is a nod to an earlier work by the true father of that philosophy.
Yahoo grows up, or loses its cool?
The one time I met Jerry Yang, I’ll never forget what he said to me. He said: “MBAs…I guess we need them.” I was just one of a crowd of MBA interns, most from Standford GBS, but a smattering from some east coast schools as well.
