Links

• What is happening to gasoline demand? And distillate demand (scroll to bottom - well below last year's demand)?
• From Illusion of Prosperity: monetary policy is intended to create wage inflation, but mostly pumps up commodity and energy prices.
• "Financial advisors have turned decidedly more optimistic about the market’s prospects for 2012..."
• John Robb: "security is scaling slower than data, bandwidth, node, and user growth. It is falling behind and will continue to fall behind as the global system grows."
• Goofy Warren Buffett giving a tour of his office to Charlie Rose. I wouldn't have expected him to have sports memorabilia. Does he actually watch college football? I don't know any intelligent people who do that.
• Gary North, on entrepreneurship: "A handful of people have fire in the belly. They can put it out only by breaking ranks, breaking free, and devoting their time maniacally to some unique cause that no one else sees with equal clarity. These people change the world. But there are more who follow this path and fail than succeed."
• Important paper: "Do Some Business Models Perform Better than Others? [pdf]"