Tuesday, October 21, 2008

Hamish

Hamish. Operating Manager of the Work in Process Egg Division. It's Monday. And he wears his recently purchased red tie, proudly. Look what happens when humans control the economy. Everyone's so greedy. But, it is human nature. And it'll happen again. It always happens again.

Bond valuation is the calculation of price by discounting all future cash flows. As a Harry once said, it's like chicken and eggs. I think we'd be in a better place if roosters controlled our financial markets. After all, who better knows about the chicken and the eggs.

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