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net worth

Trump: My net worth fluctuates, and it goes up and down with the markets and with attitudes and with feelings, even my own feelings, but I try. Ceresney: Let me just understand that a little. You said your net worth goes up and down based upon your own feelings?

Trump: Yes, even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day ...

Ceresney: When you publicly state a net worth number, what do you base that number on?

Trump: I would say it's my general attitude at the time that the question may be asked. And as I say, it varies.

via cnn.

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found: the nails

Just in time for Easter, an Israeli television journalist has produced a pair of nails he says may have been used to crucify Jesus Christ. "Were not saying these are the nails," says Simcha Jacobovici, holding aloft a pair of smallish iron spikes with the tips hammered to one side. "Were saying these could be the nails."

via TIME.

seriously?

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waiting for iPad

 

 On Wednesday morning I stopped by the SoHo Apple store in New York City to purchase an iPad for a family member. As I had anticipated, a store clerk said they were out of stock and recommended that I check back the following morning. When I asked what time I should arrive, the clerk hesitated, looked around as if about to tell me a secret and said: “Well, do you see that group of people outside? They’re already here waiting for tomorrow’s shipment of iPads.”

I looked, and saw that outside the store sat a small group of Chinese men and women ready with camping chairs and apparently all the time in the world, preparing for a chilly night on New York’s streets as they waited to buy the iPad 2.

...

The people I saw waiting outside the SoHo store mostly refused to answer questions about what they were doing. But one man, who looked to be around 40 years old and declined to share his name, said he could make up to $400 a day by purchasing and reselling the iPad 2. As I reported last year, this is more money than many Chinese immigrants make in a week.

via NYTimes.com.

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growth rates

 

 We can now get an understanding of how the industry behaves with and without various platforms. The chart at the left gives the various growth rates of the market with platforms isolated from each other. I apologize for the shape of the chart but the scale does not permit a concise visual.

via asymco | Curated Market Intelligence.

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moving on...

via Harvard Business Review.

The problem is that most people, having attained a position of power, are reluctant to leave it and venture into new territory. Often, having racked up accomplishments and seen them celebrated, they are fired up by the possibility that, with a little more time, they could do more. In some cases, they cling to office because their age suggests they will not go on to scale any greater heights. Yale professor Jeffrey Sonnenfeld described this phenomenon in his decades-old book, The Hero's Farewell. In it Sonnenfeld noted that while some aging CEOs exited gracefully while they still enjoyed wide acclaim, many hung on too long, reluctant to face their own mortality. There was William Paley, the titan of CBS, who challenged his biographer by asking just why he had to die. And there was Armand Hammer, CEO of Occidental Petroleum, who put in place a long-term incentive plan for himself with a ten-year payout horizon — when he was in his 90s. Few executives or political leaders are as wise as UCLA's legendary basketball coach, John Wooden, who retired after winning his tenth championship — quitting while he was on top.

My wife has a phrase, "leave before the party's over," which contains much wisdom about the importance of leaving positions before our charms have faded, and about the discipline required to do so.

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