Somali Pirates, Goldman Sachs and "Doing God's Work"

A colleague sent me this funny spoof story on a group of Somali's pirates being on trial and claiming that they were in fact working for Goldman.

I hope nobody believes it :)

The Importance of Entry/Exit Points when Investing

This graph on the NYT is very interesting in showing the importance of entry/exit points of investing in markets.

I wonder what investors that bought US stocks in 2010 will get in 20 years.

Brazil Definitely Needs Something Like This

I read this post on Andrew Gelman's blog  that is really cool.

Ipaidabribe.com is a not-for-profit website in India asks for people to anonymously reportany bribes they had to pay when dealing with the government. This is a cool way to guide anti-corruption efforts and see which part of the government should be better controlled.

Here is an example of what they have:

http://www.stat.columbia.edu/~cook/movabletype/archives/2011/01/bribing_statist.html