Nothing is Invincible…


You know how I said you were often guilty of “undergraduate hyperbole.”

One example was imagining Apple, Inc, or any company, is pre-destined to being powerful or successful.  When you all talk in glowing terms about Apple, Inc, and write things like “an indestructible company,” I try not to chuckle too much. You are young. You don’t recall Apple’s own brush with corporate death in the 1990s (when Microsoft infused them with cash). You don’t know that the Fortune 500 has very high turnover (i.e. today’s 500 most profitable firms are unlikely stay on the list).

Uncertainty is inherent in business, and while this may be good for economic growth (and hopefully society broadly), it can cause heartburn to managers.  More so if this comes as surprise to them.

So, uncertainty rules in American business. At the same time, it is a damn good gig. What do I know? I am just some college professor.

You know who agrees with me?  Warren Buffet.  Yep, that one.
Well, Warren Buffet said the same thing in his recent letter to shareholders. (http://www.berkshirehathaway.com/letters/2012ltr.pdf)

“A thought for my fellow CEOs: Of course, the immediate future is uncertain; America has faced the unknown since 1776. It’s just that sometimes people focus on the myriad of uncertainties that always exist
while at other times they ignore them (usually because the recent past has been uneventful).
American business will do fine over time. And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor. (The Dow Jones Industrials advanced from 66 to 11,497 in the 20th
Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and
many recessions.
And don’t forget that shareholders received substantial dividends throughout the centuryas well.)
Since the basic game is so favorable, Charlie and I believe it’s a terrible mistake to try to dance in and out of it based upon the turn of tarot cards, the predictions of “experts,” or the ebb and flow of business
activity. The risks of being out of the game are huge compared to the risks of being in it.

…The country’s success since that perilous time boggles the mind: On an inflation-adjusted basis, GDP per capita more than quadrupled between 1941 and 2012. Throughout that period, every tomorrow has been
uncertain. America’s destiny, however, has always been clear: ever-increasing abundance.

If you are a CEO who has some large, profitable project you are shelving because of short-term worries, call Berkshire. Let us unburden you.”

LOL. Love the last line…

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Illuminate Yourself


Okay…it’s really ironic that “conspiracy theories” is the topic for this week’s blog posts. I have developed a recent obsession with the Illuminati. The Illuminati conspiracy is a conspiracy theory that holds that there is a global elite that is either in control of the world or is seeking to take control of the world. As with most conspiracy theories, beliefs regarding the Illuminati conspiracy vary widely. As a result, it is basically impossible for me to give you all a brief synopsis of the Illuminati conspiracy, but I will try my best to hit the main points.

Some background: The Illuminati started out as a secret society under the direction of Jesuit priests. Later, a council of five men, one for each of the points on the pentagram, formed what was called “The Ancient and Illuminated Seers of Bavaria.” Their alleged plan and purpose is can basically be summed up to complete world domination. The Illuminati are thought by some to be the primary forces encouraging global governance, a one-world religious ethic, and centralized control of the world’s economic systems. The United Nations, the International Monetary Fund, and the World Bank (to name a few), are all thought to be under the control of the Illuminati. According to the Illuminati conspiracy, the Illuminati are the driving force behind efforts to brainwash the world population through mind control and manipulation– whether it be through the press, education, or political leadership.

The Illuminati are alleged to have a private board of elite members (thought to include the top 1% global earners) who control the world’s major banks. According to the conspiracy theory, they create inflation, recessions, and depressions. They manipulate the world markets, and support certain leaders to advance their goals. It is hard to say what their ultimate goal is, but supposedly it is to create and manage crises (such as the Great Depression and Great Recession) that will eventually convince the global population that centralized economic control and a one-world religious ethic is the solution to all of the problems of the world that we face. This will come to be known as the “New World Order,” and will, of course, be ruled by the Illuminati.

There are signs of the Illuminati all around us. The most notable one that you are all familiar with is the United States dollar bill. You can see from this photo how it is thought to be connected to the Illuminati conspiracy theory.

Image

You may ask yourselves if their is any truth to this. For your entertainment I have attached a YouTube video that you may enjoy if you find yourself curious (or if you just want to scare the crap out of yourself). Decide for yourselves.

What do you think? Is there any truth to the Illuminati conspiracy theory? VOTE!!