"Now, this is something to worry about, because the only out is gold, which according to many, is otherwise already worthless."
Now mr. MISH over at the bonds thread is convinced we are gonna have deflation, Mr Elliot wave Prechter said deflation is our future too, and some people said holding CASH was the best thing to do in deflation. I think they are saying it will be like japanese deflation - if so was gold a good thing to hold in Japan during the deflation or was that not really the kind of deflation they are talking about?
General I love your story on Steve Jobs - it remind me of article I read on him in Wired.
You know you say china has MAYTAG brand name now - but guess what our friend Mr. Jobs bought - good european washing machine - yet Bubba still want me to believe China buying worthless american companies a good idea.
wired.com
Steve went on, "It takes a passionate commitment to really thoroughly understand something.... Most people don't take the time to do that." He then proceeded to tell a story that both sheds light on his private life and gives some insight into the decision-making process that often turns life into a hell for people who work with him. Making the point that design isn't just an issue for "fancy new gadgets," he described how his whole family became involved in, of all things, the selection of a new washing machine and dryer. This is a little hard to picture: The billionaire Jobs family didn't have very good machines. Selecting new ones became a project for the whole family. The big decision came down to whether to purchase a European machine or an American-made one. The European machine, according to Steve, does a much better job, uses about one-quarter as much water, and treats the clothes more gently so that they last longer. But the American machines take about half as long to wash the clothes.
"We spent some time in our family talking about what's the trade-off we want to make. We spent about two weeks talking about this. Every night at the dinner table" -- imagine dinner-table conversation about washing machines every night! -- "we'd get around to that old washer-dryer discussion. And the talk was about design." In the end, they opted for European machines, which Steve described as "too expensive, but that's just because nobody buys them in this country."
Of course, this wasn't really about washing machines; it was about passing along the concern for design to his children and perhaps to (his wife) Laurene. The decision clearly gave him more pleasure than you would expect. He called the new machines "one of the few products we've bought over the last few years that we're all really happy about. These guys (had) really thought the process through. They did such a great job designing these washers and dryers." |
