Books 02 (Nov 08 - Nov 09)

Re: Books (Nov 08 - Jan 09)

Postby Poles » Sun Jan 04, 2009 12:16 pm

User avatar
Poles
Boss' Left Hand Person
 
Posts: 594
Joined: Fri Jun 20, 2008 12:33 am

Re: Books (Nov 08 - Jan 09)

Postby winston » Tue Jan 06, 2009 9:16 am

------------------------------------------------------------
*** Book Review: Be a Dog with a Bone: Always Go for Your Dreams - By Peggy McColl ***
------------------------------------------------------------

Are you ready to decide what you want, grab it, and hold on tightly, like a Dog with a Bone?

If you could find out how to make your dreams come true this year (and every other year for that matter), would you be interested in knowing the easiest and quickest way?

What are your dreams worth to you? "Be a Dog with a Bone," the new book by New York Times best-selling author Peggy McColl, will help you determine what your bone is by digging up your dreams and sniffing out your strengths.

Watch the video of Peggy's dog, Pablo ("the Spokesdog"), as he talks about "Be a Dog with a Bone": http://www.selfgrowth.com/products/mccollvideo.html

Peggy's book is a very quick read. The pages are filled with anecdotes, humor, cartoons, and practical tools you can immediately implement and benefit from. You'll discover how to:

* Grab hold of your dreams and never let go.
* Teach an old dog new tricks -- the tricks of success.
* Bark for what you want.
* Drool unto others as you would have them drool unto you.
* Stop chasing your tail.
* Keep your nose wet.
* Be a little dog with a big dog attitude.
* Go farther even when you feel you have reached the end of your leash.
* Lap up your success.
* Plus much more!

Get the dogma for success today, "Be a Dog with a Bone." This IS the inside scoop to live your life by.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Books (Nov 08 - Jan 09)

Postby millionairemind » Thu Jan 08, 2009 8:28 pm

I just finished up on the book WHAT THEY TEACH YOU AT HARVARD BUSINESS SCHOOL by Philip Delves Broughton

I was intrigued by the title when it was reviewed by my weekly staple The Economist back in Aug 2008. I have appended the Economist's review below.

I learned that once you get in, you CANNOT FAIL the course unless you don't turn up for class. And that HBS MBAs are taking over the world, from the idiotic US President to former treasury secretaries and CEO of GE. And the graduates know that they are the cream of the crop and expect to be wooed into cushy jobs that pays high six figure salary for starters.

The author covers quite adequately on his 2 years in HBS and how a couple of the professors were uttering BS, like getting an academic to teach entrepreneurial classes that was deemed a waste of time by his classmates who had experiences setting up businesses. He did mention that he enjoyed most of his classes.

The author writes about the struggles and anxieties of the graduates about landing a job upon graduation and how too many HBS MBAs will still choose finance, private equity to sell their soul for the MEGA salaries and never seeing their children grow up, just grow longer as the only time they see them is when they are asleep :(

I have a friend who graduated from University of Chicago GSB MBA program in 2003 (ranked top 10 worldwide), worked as a trader for Deutsche Bank in London, raking in the dough and now is unfortunately divorced due to the long hours :(

We all have to make our choices in life. So after reading this book, I have a better understanding on the hours they put in to secure that mega paycheck and how it will wreck havoc on our family life. You have to decide on that mega career that comes with mega salaries and super long hours or putting your family first.

I enjoyed this book very much and highly recommend it for readers who enjoy reading what really goes on in the top MBA school in the world.

Available at your local library.

Harvard Business School
Factory for unhappy people


Aug 7th 2008
From The Economist print edition

MORMONS, military and McKinsey are the three Ms said to characterise the student body at Harvard Business School (HBS). Philip Delves Broughton, a British journalist, was none of the above, yet he was prepared to spend $175,000 for a chance to attend this “factory for unhappy people”. He never completely fitted in, perhaps because he largely shunned the prodigious alcohol-driven networking for which MBAs are famous, or perhaps because he did not really want to devote his life to getting rich. Yet his engaging memoir suggests he found it a positive experience.

Mr Delves Broughton did not set out to write a book about the course. Nor is this probably the book that HBS would choose to mark its 100th birthday, which it is celebrating extensively this year. Yet anyone considering enrolling will find this an insightful portrait of HBS life, with detailed accounts of case studies and slightly forced classroom fun, such as the students on the back row—the “skydecks”—who rate the performance of their peers. (“HBS had two modes, deadly serious and frat boy.”)
Click here

For those who know little about contemporary management thinking, as Mr Delves Broughton did when he arrived in 2004, he has put his class notes to good use by providing an excellent layman’s guide to the big ideas of the literature. He is a fan of Michael Porter, the nearest thing management theory has to a rock star and, more surprisingly, enjoys a course on co-ordinating and managing supply chains because he “liked the dirt-under-the-fingernails quality of the subject”.

Despite this, the author fails to secure a fabulously high-paying job that would give him the private jet which was the “benchmark for being truly rich” while he was at HBS. Yet he had only himself to blame, spending his summer writing a novel when all his classmates were doing the internships that are the essential first step to that dream job.

He graduated healthily “unintimidated by business and its practitioners”, not least by HBS itself, which had two failings in his view. First, it pushed the idea that its alumni would be equipped as leaders capable of solving all the world’s problems, rather than merely doing a decent job of running a company. “Business needs to relearn its limits, and if the Harvard Business School let some air out of its own balloon, business would listen,” he grumbles. His second worry was that so many of his classmates seemed destined for careers that would leave them no space for a happy personal life. He opted for more time with his family, rather than follow in the footsteps of the “Goldman Sachs executive who came to talk about leadership and values…I just remember this look of total defeat on his face when he said how he had four ex-wives.”
Last edited by millionairemind on Thu Jan 08, 2009 9:22 pm, edited 2 times in total.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Books (Nov 08 - Jan 09)

Postby kennynah » Thu Jan 08, 2009 8:52 pm

As for the long hours, I guess it depends on individual. My personal friend was the treasury head at Barclays Singapore. He started at 630 n began happy hour at 430pm. He recvd indecently large salary packaged. He's divorced but obviously nothing to do having to work long hours... now he works for HSBC, again of cos as treasury chief and even indecently large amounts of money....and now, he is remarried...hahaha...
Last edited by kennynah on Fri Jan 09, 2009 3:44 am, edited 1 time in total.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 16005
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: Books (Nov 08 - Jan 09)

Postby iam802 » Thu Jan 08, 2009 9:20 pm

Everybody has their own choice.

There are others who do well and have a balanced lifestyle.

I know of one who left his corporate life at the top of his game, start his own business, do well enough to sell it off.

He is now an academic based in US and spends time playing drum with his kid.

At the end of the day, maybe there are some who have not do the deep thinking exercise of what they want to achieve in life outside of 'earning $'.

Sometimes, life is not fair...and it is not balanced. But, we do have a choice.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
User avatar
iam802
Big Boss
 
Posts: 6353
Joined: Wed May 07, 2008 1:14 am

Re: Books (Nov 08 - Jan 09)

Postby kennynah » Sat Jan 10, 2009 3:23 pm

Title : Options and Options Trading
Author : Robert W. Ward


It is a basic book on options. Basic in the sense of making complex strategies easy to understand. Great book to begin reading for the aspiring options traders and more experienced as well.

(edited)
it turns out that basics can be complex...:)
Last edited by kennynah on Wed Jan 14, 2009 12:53 am, edited 1 time in total.
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 16005
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Re: Books (Nov 08 - Jan 09)

Postby millionairemind » Tue Jan 13, 2009 8:37 pm

Just finished up on Ari Kiev's Mastering Trading Stress: Strategies for Maximizing Performance

Here is a summary of the book.
Hidden Content:
Mastering Trading Stress: Strategies for Maximizing Performance (Wiley Trading)
Ari Kiev "Mastering Trading Stress: Strategies for Maximizing Performance (Wiley Trading)"

* Author: Ari Kiev
* Paperback: 224 pages
* Publisher: Wiley
* Published date: December 14, 2007

Review
"One of the most fascinating aspects of most of Mr. Kiev's books is how attuned he is to the trading profession. His books -- and this one is no exception -- rely heavily on case studies and interviews with traders. Once could guess that the author is a trader himself based on the technical trading advise he gives his patients. ... Mr. Kiev always returns to the same fundamental theme. A trader cannot eliminate stress, but he can learn to cope with it. In fact, mastering stress is a requirement for success because the biggest mistakes are caused by stress and mismanaged emotions."-- (Accredited Investor magazine)

Book Description
In Mastering Trading Stress, author Ari Kiev—a psychiatrist who specializes in stress management and works extensively with traders—offers examples, transcripts of conversations, and personality profiles of real-life traders to illustrate how stress affects their ability to perform at their best. Drawing on his vast experience, Kiev describes a variety of practical techniques that can be used to handle destructive emotions and out-of-control feelings, including his “Most Basic” stress busters, and tells what to do if a breakdown should occur.

From the Inside Flap
The daily grind of the trader is always full of excitement, energy, adventure—and stress. While many live for the thrill of the trade, most also feel the emotional, psychological, and physical impact of the constant changes; riding the roller coaster of the financial markets for eight hours a day, five days a week, forty-eight weeks out of the year. But while some traders just seem naturally better equipped to deal with the emotional turmoil of trading, others seem to "fall apart" under much less dire circumstances. While eliminating stress is not realistic—or an entirely desired approach—reducing stress is. And traders can best cope with stress, says Ari Kiev, by being proactive and taking steps to reduce it. With this book, Kiev shows you how to do this—beginning with developing an appropriate understanding of stress and how it physically affects us, and leading all the way to specific exercises that can help traders manage their daily stress.
The author, a psychiatrist who specializes in stress management and performance enhancement, has worked extensively with traders over many years. In Mastering Trading Stress, he draws on his vast experience to offer examples, transcripts of conversations, and personality profiles of real-life traders that illustrate how stress robs them of their ability to perform at their best. He points out that the stressors for all of these traders were different and, accordingly, asserts that aspiring traders need to identify their own particular stress points and learn to deal with them in order to succeed.?Kiev describes a variety of practical techniques that can be used to handle destructive emotions and out-of-control feelings, including his "Most Basic" stress busters, and tells what to do if a breakdown does occur.
There is no way to take the stress out of trading. But stress does not have to make you emotionally, mentally, or physically ill, and it does not have to hinder your trading game. With this book as your guide, you can learn to reduce stress, cope with the stresses that are inevitable, and even use stress to your own benefit.

From the Back Cover
Praise for Mastering Trading Stress
"Ari Kiev helps traders master the internal pressures that skew perception and decision making. A concise and readable guide, this book effectively utilizes case studies to illustrate the varied manifestations of stress and what to do about them."
—Brett N. Steenbarger, PhD, author, The Psychology of Trading and Enhancing Trader Performance
"In this groundbreaking book, Kiev undertakes a unique exploration of the impact of emotion and psychology on the trader and his or her investment strategy. The lessons of this book—supported with hallmark Kiev case studies—will resonate with any market participant."
—Matthew S. Grossman, Chief Investment Officer, CR Intrinsic Investors LLC, a division of SAC Capital
"Ari Kiev has a tremendous ability to deliver solutions for managing trading stress. This book will benefit aspiring and established traders much as they have benefited me and others who have learned from him directly. I highly recommend this book."
—Wayne Holman, founder and CEO, Ridgeback Capital Management LLC
"Put me in, coach! Kiev tells real-life stories from the front line—peeling back the cover on the role of psychology and emotion in trading. His insights and paradigmatic narratives are practical and powerful—enough to get any trader off the sidelines and back in the game."
—Ciaran O'Kelley, Co-Head of Global Equities, Bank of America
"Ari Kiev has researched the biggest impediment to trading success: human psychology. His readers will learn to transcend their current boundaries and achieve greater success. Demanding and forthright, Ari's insights challenge us to raise our game in an original and compelling way."
—Quintin Price, CIO, EMEA Pacific Equities, BlackRock


Quite a decent book. Ari is a psychiatrist who specializes in stress management and works extensively with traders. In the book, he talks about different kinds of stress that the trader gets pounded on like those instigated by greed, fear of loss, perfectionism etc.. and details on how one can overcome it.

I particularly liked the way he writes about the real life stressful situations faced by the traders he consults and how he profiles and help them overcome their limitations. I read this book cos' I read his previous book Trading to Win.

Available at your local NLB.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Books (Nov 08 - Jan 09)

Postby millionairemind » Sun Jan 18, 2009 12:06 pm

2 books on Buffett are currently on my desk this week. The Snowball which I am currently digesting and EVEN BUFFETT ISN'T PERFECT What you can-and can't learn from the World's Greatest Investors by Vahan Janjigian which I just finished this morning.

A summary of the book from Seeking Alpha
Hidden Content:
Vahan Janjigian, a fellow CFA, is executive director of Forbes Investment Advisory Institute and publishes a number of newsletters with Forbes. He also has a blog and serves on the investment committee of a large RIA. Dr. Janjigian's book is a gingerly attempt to criticize some of Buffett's mistaken investments, and controversial points of view. I think the book is more successful with the latter than the former.

Janjigian admires Buffett's discipline and capital allocation methodologies. He admires Buffett's ability to manage executive talent. His last sentence in the book summarizes his viewpoint,

Based on the evidence, it is certainly fair to conclude that WB is one of the greatest investors-if not the greatest investor-of all time.

So where are Buffett's mistakes? Janjigian criticizes Buffett's views on taxation, especially those on estate taxes. I agree with Janjigian that there is an irony if not an artificiality or phoniness about urging the continuity of high estate taxes and concomitantly avoiding the situation through setting up trusts and foundations. Evidence of avoiding income taxes is evident throughout Berkshire's life, as the company and Buffett have always used the IRS Tax Code to their advantage. There is clearly nothing wrong with that but similarly, it is somewhat disingenuous to urge higher taxes after a career of avoiding them.

Like any investor, Buffett has made some mistakes. This is not a perfect game, but rather one where investors should attempt to understand the downside risks in making an investment. The outcomes can be highly uncertain, the future always is hazy and usually, initial assumptions are plain wrong, either on the optimistic or the pessimistic side of expectations.

Janjigian addresses the Buffett diversification versus concentration question. Buffett believes that if you can't invest enough money to have some say in how the company's capital is to be deployed, you are better off diversifying your portfolio.

This is simply not true. Most Buffetteers and wannabes certainly attempt to focus their portfolios. Warren Buffett does not say not to diversify, in fact, for the average investor who is not inclined to do sufficient due diligence, diversification is a salvation. For many professional portfolios, the great bulk of the portfolio is indexed. However, in cases where one has specialized knowledge or skills, satellite investments outside the cord index are made and should add performance. Diversification is a protection against ignorance. If one is able to do due diligence, and select successful businesses at reasonable valuations, diversification will not serve you other than to reduce volatility and an unfortunate corollary, reduce returns.

Janjigian does a decent job in discussing attributes of diversification in a non-mathematical approach to statistical correlation. This is one of the strongest elements in this book.

Much of the rest of the book is, in my view, completely obvious. Buffett buys stocks cheap, not cheap stocks. Successful investors must be able to distinguish between great companies and great stocks. Janjigian has an amazing grasp of the obvious and adds little insight into valuation of growth stocks. There are far better sources than this book for this element.

He addresses the fact that value works over the long run but growth or rather momentum can work over the short run. Buffett never trashes growth but views it as a partner in helping undervalued stocks recover when growth becomes temporarily disrupted. Other than Buffett's famous comments about lemmings, he has never discussed momentum investing per se, at least to my knowledge.

Janjigian makes some dangerous statements about PIPE stocks indicating that Warren Buffett has been successful in buying special issue "Private Investment in Public Equity" holdings such as Salomon Brothers or US Airways (LCC). True, these had special terms that a large buyer can extract but it is misleading to believe that what some brokers present as PIPEs will offer the average investor better returns. Most PIPE offerings are made in very small cap, highly risky businesses. He does suggest that the best access to such investments is through a hedge fund or through Berkie itself.

He makes the point that unless you have access to Buffett-like resources, it is better to think of yourself as a stock buyer rather than a business buyer.

The argument that managements will rarely listen to outside advice is humbling for both institutional and retail investors. However, retail investors and small institutional investors can be very successful in motivating and organizing larger investors to add pressure to a board. The principle of thinking long term as an owner of a business rather than a punter of stocks is an important part of any real value investor's credo.

I have had former business partners who "played" stocks rather than owned businesses and who were looking for trends rather than valuation rationales for stocks. I have had investee company managements who have indicated that I should just sell the stock if I didn't like what they are doing. If the business has a strong moat that is not being defended, get rid of the management but hang onto the business. His advice is ill conceived at best in this topic.

Swinging for the fat pitch is Warren Buffett's approach. Warren Buffett does not suffer from analysis paralysis and he believes that some of Warren Buffett's recent deals have had inadequate due diligence. Sometimes the obvious should not take very long!

Warren Buffett readily admits to being "dead wrong." Salomon was a mistake that took an extraordinary amount of work to escape. Gen Re was much worse with poor judgment on Warren Buffett's part re underwriting discipline and the derivatives book of GenRe securities. NetJets capital intensity does not seem to fit the usual Buffett textbook. Pier One had no moat. These were all mistakes. He actually misses the most egregious errors that I recall, namely Dexter Shoe, which gave away 1.6% of BRK, or about $3.5 Billion in value for what is now a tiny fragment of H.H. Brown Shoe Group, another BRK subsidiary Dexter, which Buffett calls his worst mistake. He doesn't even address this.

There have been others. Warren Buffett was the largest investor in Handy and Harman, the silver processor and refiner. Unfortunately, it was also an auto parts supplier and metal bender. Buffett's endless fascination with silver attracted him to H&H. H&H ultimately merged into WHX, which went chapter 11 in 2003. Berky had escaped H&H many years before this ignominious end.

He dislikes Warren Buffett's views about corporate governance. It is incorrect to say that Buffett opposes employee stock options. He faulted the accounting, as well as the low hurdles that most company's managements clear to get them. In many cases, the only requirement for managements to achieve is respiration, and there are even cases where compensation continues into the after-life!

The composition of Warren Buffett's board has been controversial in the past. It certainly was not independent since historically, Warren and Charlie, Susan and Howard Buffett; Malcolm Chace and Walter Scott were old business cronies; Ron Olson was a partner in Munger's old firm. However, Janjigian missed the most obvious point, Buffett for most of the time that he was involved in BRK owned over half the stock. It was absolutely iron clad clear that management's interests were aligned with shareholders. Unlike most public corporations, management owned most of the stock. The role of the board is not to protect minority shareholder interests but rather to ensure that shareholders' interests are protected. He misses this point.

The key takeaways after each chapter provide an excellent summary of each chapter. The final chapter, "Conclusion" successfully highlights the important points.

The bottom line is :If you are looking for advice to imitate Warren Buffett's investment style, then this is not the best source of information. If you are looking for a comprehensive list of Warren Buffett's mistakes in judgment, this is incomplete. If you are looking for views on taxation contra to those of Warren Buffett, read Steve Forbes rather than Vahan Janjigian's book.

Dr. Janjigian has attempted to provide an antidote to the usual glorious heaping of praise that most Buffett books (and CNBC coverage) provide. The reality is that nobody walks on water (or parts the sea depending on your point of view.) Even great investors frankly screw up royally. However, the incidence in the case of Buffett is remarkably low; the damage is a scratch or fender bender rather than a complete wreck. All of us should be so fortunate, or disciplined!


Luckily this book spares me the agony of reading what 99% of the books on Buffett does, put him on a pedestal and worship him. It gives credit where its due and also discusses about the mistakes that he has made and how he spent the time getting out of those mistakes (eg. Solomon investment).

For wanna-be value investors, one might want to pay attention to Page 100 which I have quoted below.

So when you buy some stocks, it may be nice to think of yourself as someone who invests like WB. You can fantasize that you are really buying a business as Buffett does. But if you are really honest with yourself, you will admit that you are merely buying stock. Buffett may argue that taking significant positions in a small number of companies help control risk, this this strategy is not likely to work for the average investor. Even if they are extremely astute and know exactly what they are doing, chances are most investors will never have enough resources to take a significant position in even one company.


Small investors like us will NEVER be able to be a business owner (even though VI claims to be). Y? Well, do we have enough financial resources to change the management like WB can? To influence the direction of the company??? That is the main reason Y I never delude myself into believing that I am a "BUSINESS OWNER" just because I happen to own some stocks in that company.

That is also the reason Y I have always felt that WB, though the greatest investor in the world, has a methodology that is not suitable for small investors like us cos' his methodology can never be replicated. If it can be done easily, Y aren't there more WB around? He is certainly one in a BILLION.

Of course, die hard value investors would bet to differ and that is OK. If one have held thro' the bear mkt of 2008, one could easily see one's portfolio lose about 60% from 1 Jan 08 value.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Books (Nov 08 - Jan 09)

Postby helios » Sun Jan 18, 2009 2:45 pm

millionairemind wrote:So when you buy some stocks, it may be nice to think of yourself as someone who invests like WB. You can fantasize that you are really buying a business as Buffett does. But if you are really honest with yourself, you will admit that you are merely buying stock. Buffett may argue that taking significant positions in a small number of companies help control risk, this strategy is not likely to work for the average investor. Even if they are extremely astute and know exactly what they are doing, chances are most investors will never have enough resources to take a significant position in even one company.


i think, many resources and capabilities need to be aligned in order to take a significant position in 1 company; one needs to ask oneself if you are faced/ justifiable to the public & would you want that?
helios
Permanent Loafer
 
Posts: 3608
Joined: Wed May 07, 2008 8:30 am

Re: Books (Nov 08 - Feb 09)

Postby winston » Mon Jan 26, 2009 10:05 pm

It's Good to Know: Library Usage Is Up

Yes, the humble public library is back, after years of languishing in the shadow of fancy chain bookstores with comfy chairs and overpriced coffee shops.

With the recession forcing people to cut down on unnecessary expenses, libraries nationwide have reported a significant increase in visitors. Library card requests are up 27 percent in San Francisco, for example. And the Boston library has seen a 13 percent rise in visitors (37 percent for some locations). Some of these new patrons have forgone expensive home Internet service and use free time on library computers. Others can no longer afford to buy books and/or movies and have decided to borrow instead.

(Source: New York Times and Boston Globe)
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Archives

Who is online

Users browsing this forum: No registered users and 11 guests

cron