Essay stock market
so straightforwardly would be enormously successful. Inside their heads a giant house of cards is tottering. In a single day, sixteen million shares were traded-a record-and thirty billion dollars vanished into thin air. Each specialist stands in one location on the floor and deals in one or several specific stocks, depending on their trading volume. Source, part of an impoverished family of nine on a New Mexico highway. Technology that's valuable today could be worthless in a couple years. Don't let a ruling class of warriors and politicians squash the entrepreneurs. It turns out, though, that there are economies of scale in how much of your life you devote to your work. Write once, run everywhere.
While we were visiting Yahoo in California to talk about selling the company to them, we had to borrow a conference room to reassure an investor who was about to back out of a new round of funding that we needed to stay alive. But here there is another layer that tends to obscure the underlying reality. Bill Gates is a smart, determined, and hardworking man, but you need more than that to make as much money as he has. By 1934 it had dessicated the Great Plains, from North Dakota to Texas, from the Mississippi River Valley to the Rockies. And you have to have leverage, in the sense that the decisions you make have a big effect. But the company as a whole must be giving people something they want, or they won't make any money. They will have all the extra motivation that comes from being in a small group.