Sublime

Non-financial businesses turn liquid capital into illiquid capital — higher and higher forms of complex good — in an attempt to satisfy a perceived customer demand. If they make revenue, they are correct in a demand existing for such a good or service. If they make a profit, they have satisfied this demand efficiently; they have produced more than

Idealists who are not well grounded in reality create problems, not progress.

In December 2010,

But tech companies behave differently as they add a key feature to traditional supply-side economies of scale: network effects.

"The time has come to do our mea culpa," Hans-Joerg Rudloff, chairman of the executive committee at Barclays Capital, told an audience of fellow bank and brokerage executives in London in 2002. "Argentina obviously stands as much as Enron" in showing that "things have been done and said by our industry which were realized a

Lehman Brothers