Category: Humor

With the rupee breaching 56 and Europe imploding, am reminded of this great movie dialogue

With most govts issuing more and more debt (IOUs), am reminded of this great line from the movie Dumb & Dumber:

That’s as good as money, sir. Those are IOUs. (hattip FTAlphaville)

 

 

A great read from the Borowitz Report

Dear Potential Investor:

For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.

Tomorrow is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?

For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.

Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.

Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.

Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.

With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.

One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.

Friend me,

Mark

In an interview with Andrew Ross Sorkin on Squawk Box, Warren Buffett was asked if a $22 billion acquisition by Berkshire Hathway that didn’t pan out earlier this year; whether it might happen at some point in the future.

The conversation then went like this:

Warren Buffett:“When a girl hangs up on me once, I try again.That hasn’t been successful historically.I hope my batting average is better with companies.”

Andrew Ross Sorkin: “When you call back and her husband answers, normally that puts a dampener on things, right Warren?”

Warren Buffett:“Its certainly been tough when I called your house !”