“ Yet now we are faced with the sickening suspicion that technology has run ahead of us. ”
Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.
~ Richard Dooling
I'm always working. I don't really set limits. I tend to go in bursts. And in between, I'm doing my taxes, answering the phone, and all those kinds of things. I waste a lot of time. Computers take a lot of time. I love computers.
And it was back in the mid-1980s, and as I point out in a piece, that was when we are spending about eight percent of our gross domestic product on health care. And even then, we had the impression that so much of the excessive, aggressive medical treatment that took place at the end of life was not only unnecessary but it was cruel.
