Word: smarts
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...Remember, we, the investors, didn't know we were in feeder funds. We were in funds, be it pension funds or partnerships, that pooled monies to be invested in a primary investment fund that was managed by people we trusted, smart people that really had an angle on beating the market. Or so we thought. Had we known our life savings were being shunted over to another party that actually did the real work, we may have invested elsewhere. After all, why would we pay such piggy fees to people that did nothing...
...about the small things - the tone's a little more muted than what we saw in Superbad. I had always thought my fantasy career would be making indie films, and doing my own thing. But then Superbad came along and it totally changed everything. It was so hilarious and smart and extreme; you could probably do a psychoanalysis term paper on the male sexual psyche going on there. And the best thing about that movie is that these are the things that teenagers think about. Some of those who were raised a little better might not have said...
...same principle holds true for the iPhone. Samsung and Blackberry (RIMM) make products that do most of the same things, and, in some cases are better smart phones. A Blackberry runs rings around an iPhone as a communications device. But, people do not take out their Samsung Instinct smart phones and put them on a table so that others know what they are carrying. iPhone owners may be obnoxious, but at least they paid for the privilege. (See pictures of the iPhone...
...Investors who believe that Apple can still do well got a hand. Smart phone king Research In Motion (RIMM), maker of the Blackberry, posted strong earnings for the last quarter. The company did what Wall St. likes most of all. It did better than expected in the last reporting period and said it would do better than people anticipated in the future. Now Wall St. gets to re-evaluate Apple. RIMM, which is among the lesser branded competitors in the field, has done fine even in a downturn. Even if the recession has been deepening, businesses and consumers are willing...
...course, there may be a solution here for everyone to consider. If so many smart and talented officials are getting tripped up over their tax returns, perhaps it is time for Washington to make the tax code simpler for everyone...