This Week's Carnival Of The Capitalists
I've blogged repeatedly on the unintended consequences of Sarbanes-Oxley. Frank Scavo of The Enterprise System Spectator: has an interesting post titled Sarbanes-Oxley: Stop The Insanity. He goes into some of the ways companies are trying to comply with SOX, sometimes through some pretty bizarre policies. It's more from a software perspective than a financial one, but worth reading.And, for somethingcompletely different:
Tom O’Neill of Buyout Blog talks about "overshopping" a firm when trying to attract money form banks and private equity groups in Laser vs. Shotgun in Raising Capital. Good advice for entrepreneurs.
Warren Meyer of Coyote Blog talks about the common but misplaced idea that “wealth is somehow zero sum - that it can be stolen or taken or moved or looted but not created" in Physics, Wealth Creation, and Zero Sum Economics. Last night, the Unknown Brother and I were talking about how businesses make money by making other people better off. He's a small business owner who's done pretty well for himself, so he understands this from a practical level.
Joshua Sharf of View From A Height talks about how how markets process information in Can Markets Both Be Efficient and Make Mistakes? He discusses how markets aren't perfect, just better than the alternative.
Big Cajun Man of Canadian Financia Stuff talks about putting his kids allowance on auto-pilot in Real World Example: Kids Allowances. I wonder if this would work for my kids ($2 and $3 per week each). Nah - they like counting the quarters.
Mike Pechar, the Interested-Participant, writes all the British government trying to regulate beer advertisements in Brits Ban Hunks in Beer Ads. Oh, the humanity. You can watch this to see how it might play out if Burger King had folowed their guidelines in the infamous Paris Hilton BUrger King commercial (caution - may cause fluids like milk, coffee, or soda to fly out of you mouth at high speeds). Unfortunately, after watching it you might need some "mental floss".That's all for this week, folks.