Black Swan

I've been having serious problems with my laptop, and hence unable to write anything. Though it seems to be behaving itself tonight, so let me do a bit of a link dump on some of the more interesting things I've come across during the current phase of the GFC...

BrisConnections
BrisConnections, a consortium tasked with building Brisbane's Airport Link toll road, was politely asked by a significant unitholder to wind itself up (in a thinly veiled attempt by the investor to avoid ponying up the remaining instalments worth $2/unit on securities worth 1/10 of one cent).

The company hit back and says "here's a better idea, how about we wind your sorry ass up".

Quote of the Year (and I know it's early, but this is hard to beat):
"The Goldman Sachs JBWere trader Richard Coppleson has been doing a disappointing impersonation of John Hopoate: inaccurately trying to pick the market's bottom." [link here.]

(For the non-Australians and/or forgetful among you, John Hopoate was a football player who was caught on tape sticking his digits into the backside of unfortunate opponents. We never did figure out why.)

Berkshire Hathaway posts profit declines; Buffett short-term ratings downgraded to "genius" from "demi-god". Long-term ratings remain stable at "unmatchable".

Finally, read "Outliers". And "The Black Swan".