HAPPY BIRTHDAY GOOGLE!
OTD in Tech History 4 September 1998, Google was founded by Larry Page and Sergey Brin, while they were PhD students at Stanford University. Below a Timeline and FAQ about Google (by officetimeline.com): 1) When was Google created? The search engine Google started development in 1996, and it was originally named Backrub, which later became Google, a play on the term “googol”. Google Inc. was officially founded on September 4, 1998 to market Google Search. 2) What does Google mean? The name Google is a creative spelling of googol, the mathematical expression for the number 1 followed by 100 zeros. The term googol was coined back in 1930s, and is attributed to Milton Sirotta, the 9-year-old nephew of American mathematician Edward Kasner. Also, google has become a verb, meaning “to use the Google search engine to search for information about someone or something on the internet”. Today, the meaning of the term google has widened even more and is often used as “to look up information online” using any search engine.
A headline from 2007
Jon Erlichman
Peter Lynch advice was to avoid trying to predict the economy, interest rates or the stock market
"Don't focus on macroeconomic factors to make investment decisions. Focus on the growth of the intrinsic value per share of the companies you own". by Compounding Quality
Three steps to investing heaven…
Source - Investing for Growth by Terry Smith thru Vishal Khandelwal
The world's richest universities
💰Of the 25 wealthiest schools worldwide🌍, only 2 are not from the United States. 💰As of 2022, the University of Texas System had an endowment value of $69 B, making it the wealthiest university in the world🤑. Source: Genuine Impact / Chris Quinn
The "maddest macro chart I have seen for many years." by Albert Edwards (SocGen)
"The US corporate sector is a massive net borrower. Normally when interest rates rise, so too do net debt payments, squeezing profit margins and slowing the economy. BUT NOT THIS TIME. Corporate net interest payments have instead collapsed. What on earth is going on?" asked Edwards "This chart not only explain the resilience of corporate profits, but is a key reason why this recession has been delayed – especially as companies in aggregate are now a net beneficiary of higher rates (NB: this is mainly explained by mega-caps as most of the other companies are in big trouble). Source: SocGen, www.zerohedge.com
A soft landing of the US economy is indeed a consensus view but it is starting to gain attraction following the lates job market reports (JOLTs, ADP, et.c)
Source: Hedgeye
Where do 8 billion people live?
Source: statsofindia.in
