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I hate to give this moron Harold Camping any more attention – it’s a prisoner’s dilemma: am I part of the problem by writing about him?  Or is it possible that one more poor disciple might wake up and see how they’ve been duped?  Anyway, Camping cannot *BELIEVE* that his rapture prediction didn’t come true.

“Mr. Camping’s campaign — his second prophetic failure, coming on the heels of another doomsday prediction in 1994 — had been widely derided by the mainstream Christian groups and openly mocked in the other quarters.

At the same time, it raised concerns that some believers might do themselves harm rather than face Mr. Camping’s promised apocalypse, something he refused to take responsibility for on Monday. “I am not the authority,” he said.

But Mr. Camping said his company — which is a nonprofit — would also not return donations given by his followers in advance of the May 21 prediction. “We’re not at the end,” he said, “Why would we return it?”

Mr. Camping also said he had no plans to fold his company in advance his new doomsday date. “If it’s the end of the world, God will dissolve it,” he said.

Pressed by reporters, Mr. Camping did offer a measured apology — “If people want me to apologize, I can apologize” — before adding that the missed prediction had somewhat humbled him. “I’m not a genius,” he said. “I pray all the time for wisdom.””

Two things to discuss here, and then hopefully we can move on.  First: the world class quote “If it’s the end of the world, God will dissolve it,” which you can guarantee I will use in the future every time I talk about a company going bankrupt and liquidating.  Second: the “I’m not a genius.”  See, this is the problem with (false) prophets, proselytizers – the “I’m not a genius” part isn’t made clear to their followers until it’s too late.  The people who sold all of their possessions, who spent all of their money buying rapture promo materials, who gave their money to Camping’s company – THEY were led to believe that Camping was a genius (not that I sympathize with them, of course.)

Moving on:  The Reformed Broker points out an awesome risk disclosure from Yandex’s IPO (Dear Yandex, you had me at “The Google of Russia.”)

“In its prospectus, Yandex warns investors that “well-funded, well-connected financial groups” in Russia occasionally use “economic or political influence or government connections” to take over independent companies. “Our ability to thwart such efforts may be limited,” the prospectus reads.”

– Shifting gears again:  Amazon.com offered Lady Gaga’s new CD for download at only 99c for the entire album.  They blew up their servers with the resulting demand.    I was shocked by this comment:

““Very disappointed,” a customer wrote in a one-star review of the album. “I guess next time I will pay full price and get the album immediately on iTunes.””

Really?  We’re so spoiled these days.  I wonder if kids have any idea what it was like back in the stone age of the 1990s.  I was big into the live music scene, and if I wanted a live recording of a show I went to, I had to log onto a fledgling newsgroup alt.music.blues.traveler.live or something like that, and hope that there was someone out there who had recorded the show and would be willing to copy it for me.  Then, get this – I’d send them b&p – that’s BLANKS and POSTAGE – I’d send them cassette tapes (I’ll explain those another time, kids), and return postage and return address labels, and they’d copy the tapes and send them back to me.  If I was lucky it was a two week round trip.  Then I could listen to the craptastic sound quality as I lugged around my Sony Walkman which weighed 2 pounds.

Nowadays, I can download Phish’s latest show, sometimes by the time I get home from the show (otherwise, the following morning) – in high definition soundboard quality MP3s delivered right to my computer via the magical internet.  I can have it on my Ipod Pequeno in a matter of minutes, and be mobile with it immediately, connecting it to my car stereo via an auxiliary jack.

And you’re complaining that you have to wait a little bit to download Lady Gaga’s new album for almost free?  Oy vey.

-Bron Suchecki posted this graphic last week about having rational discussions on the internet.

-Barry Ritholtz posted a list of big first day IPO runups, from professor Jay Ritter, whose own web site has even more interesting data.

-Finally, back to the Reformed Broker for some tech humor – startup douchebag lingo exemplified.

-KD

 

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