Tagged: too big to fail

Investing

To most people, Michael Konik is a poet-philosopher-essayist-thought-leader who used to be on TV. To the investment community, Michael Konik is King Midas. What Michael Konik touches turns to something better than gold: ROIs in the mid-teens. That’s why venture capital firms throw money at us; that’s why brokerages want our business. On the heels...

To Fail Too Big

Remember back in 2008, when it was decided by those who decide such things that Lehman Brothers wasn’t too big to fail, and the planet’s financial infrastructure melted down? Remember when the mortgage bubble built from “collateralized debt” burst like cheap balloons? It’s been five years. Memories fade. You may have already forgotten that the...

Poem: Six Fortune Cookies for the Zeitgeist

Have some more. Gluttony will make you too big to fail.  Do not despise the two-faced charlatan. Business is business. He who has a wife is rich. He who has many wives is very rich. It is easier to take offense than to listen carefully. It is more difficult to forgive than to be wounded....

Too Big to Fail

While we’re genuinely sympathetic to the enormous hardship that accompanies the loss of a job, the spectacle of Detroit automakers pleading for alms from us, the citizenry, from whom they have earned unfathomable wealth over the decades, is one of those macabre spectacles that normally appear in only the most imaginative science fiction. Our compassion...