blogs.wsj.com - 11/20/2008
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While every kind of legal deal making is down this year, one practice is up: Piracy. Pirate hijackings of oil tankers have surged 75% during 2008 , according to the International Maritime Bureau’s weekly piracy report . (Who knew?) And they’re making good money — better money, this year, than ...
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Thursday links: another $1 trillion
Abnormal Returns —
... a depression. (Aleph Blog)
What to do about “the biggest financial crisis since the Depression.” (Follow the Money)
Bonuses lead to poor decision making. (Free exchange)
The iPod is dead, long live the iPhone. (Silicon Alley Insider)
Pirates and private equity: a comparison. (Deal Journal also The Big Money)
Thanks for ...
Pirates v. Private Equity
Toro's Running of the Bulls Market Blog —
Amusing article at Deal Journal. I especially liked Start-up costs
Piracy: Gun, boats, a handful of men, rocket-propelled grenades.
Private equity: Office on Park Avenue.
Jargon
Private equity: “Internal rate of return,” called IRR.
Piracy: Eerily similar: “Aaar.”
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