Fair warning people, if you also read the Learning Circuits blog, you'll see me post this there as well...let's just say I am fired up. Wanna know why? Try looking here. What you'll see at that link is a bunch of stories about how Google's stock took a monster hit today (12-20% depending on what time you're looking at). Why? Because the company ONLY reported a 4th quarter growth in profits of 82%!!!! Shameful!! Their net income was $372 million compared with $204 million last year. Their crime? They missed economic projections. Because of some tax issues, etc. blah blah blah. They are still approx. 20% ahead of Yahoo! in market share.
Why is Mark fired up about this? Why am I so upset that I'm speaking in the third person? Because how in the world are you supposed to convince ANYBODY to invest in anything as hard to touch as the value of learning when these freaking idiots are willing to dump Google stock when its profits only rose by 82%!?!? I swear to you, the short-sighted nature of the American Stock Market is both staggering and appaling. I don't even own Google stock and yet I am horrified by these reactionary market spasms. Someone tell me what fundamental of Google's business changed by 20% overnight? NOTHING!!
You (present company and readers excluded of course) knee-jerk, reactionary, no vision, short-term, Gordon Gecko wannbe, fundamentals ignoring, panic stricken, ridiculous caricatures of humans! I swear you will be the death of innovation and creativity in the American marketplace if not the world!