Saturday, January 28, 2012
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Investing Wit and Wisdom

"Don't be afraid to say no. Evaluate all opportunities as if you could make only 20 investment decisions in your entir lifetime."
-- Warren Buffett

This Day In Financial Speculation History

Events
  2002 -- Global Crossing Ltd. goes Chapter 11, filing for protection from creditors under the Federal bankruptcy code. The telecommunications company has spent some $15 billion building fiber-optic networks in 27 countries since it was launched by former Drexel Burnham junk bond trader Gary Winnick in 1997 -- one of the most stupendous spending binges in corporate history.


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