“I wonder what a company would look like if you optimized around creating as many jobs as possible, instead of as few” — Noah Brier
A loyal reader on the sell side emails to object in strenuous terms to my contention that, when it comes to saving for retirement, “by far the most important number is the total sum of dollars that you’ve put into your retirement funds over time; the annualized rate of return on those dollars is secondary”.
In which Matthew Bishop of the Economist schools me on the benefits of for-profit microfinance. For background, start with my post on why you shouldn’t invest in microfinance, and then my more recent post on what’s going on in Andhra Pradesh. Then check out Matthew’s post defending for-profit microfinance, my reply to Matthew, and — if you want more still — his reply to my reply. Matthew hasn’t succeeded in changing my mind, but he does give the best argument against my position that I’ve heard.
NYSE CEO Duncan Niederauer doesn’t speak German, despite the fact that he was a Grand Marshal in the 2008 German-American Steuben Parade of New York. So we at Reuters (with many thanks a certain very senior editor who shall remain nameless) thought we’d help him out with a few phrases which might come in handy: