Just about all Americans came to believe that house prices would forever rise. That conviction made a borrower’s income and cash equity seem unimportant to lenders, who shoveled out money, confident that H.P.A. — house price appreciation — would cure all problems. Today, our country is experiencing widespread pain because of that erroneous belief. As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tide goes out — and what we are witnessing at some of our largest financial institutions is an ugly sight.
- Warren E. Buffett
A classic quote + how true!
Monday, September 22, 2008
Zeira
To learn more about Sami Zeira's stunning contemporary line of jewelry, a fusion of past + present, go to www.zeira.com for further information. I liked it.
Royal Jewels
Royal Jewels: From Charlemagne to the Romanovs by Diana Scarisbrick + Christophe Vachaudez + Jan Walgrave is a fascinating book that explores 800 years of jewelry owned by European monarchs.Useful link:
European Climate Exchange Update
According to analysts, there has been a 150% increase in the volumes of carbon trading on the European Climate Exchange in the first six months of the year and its predicted there would be further growth despite a global economic slowdown.
Go to www.europeanclimateexchange.com for further information.
Go to www.europeanclimateexchange.com for further information.
Damien Hirst + Auction Houses
The Economist article on Damien Hirst + the future of auction houses + the global contemporary-art market + other viewpoints @ http://www.economist.com/daily/columns/artview/displayStory.cfm?story_id=12281895 was insightful.
Auction rooms are democratic. That’s what I like about them. Anyone with enough money can buy what they want—immediately. They just have to be prepared to make that final bid.
- Damien Hirst
If you are rich and impatient, buying through an auction room is the place for you.
- Economist
How true!
Auction rooms are democratic. That’s what I like about them. Anyone with enough money can buy what they want—immediately. They just have to be prepared to make that final bid.
- Damien Hirst
If you are rich and impatient, buying through an auction room is the place for you.
- Economist
How true!
Global Warming Survival Guide
The global warming survival guide + other viewpoints @ http://www.time.com/time/specials/2007/environment was educational and insightful.
Gem Diamonds Update
According to Clifford Elphick, CEO, Gem Diamonds, a rough diamond weighing 478 carats have been discovered in the Letseng mine (owned by Gem Diamonds 70% + the Lesotho government 30%) in Lesotho.Sunday, September 21, 2008
Visual Computing
The BBC article on cutting edge visual computing + Nvision conference and a host of visual innovations + other viewpoints @ http://news.bbc.co.uk/2/hi/programmes/click_online/7622779.stm was insightful.
Useful links:
www.nvision2008.com
www.nvidia.com
Useful links:
www.nvision2008.com
www.nvidia.com
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