Battlepanda: Best...title...ever...

Battlepanda

Always trying to figure things out with the minimum of bullshit and the maximum of belligerence.

Thursday, December 15, 2005

Best...title...ever...

Well, if you're an NPR listener anyhow.

Lake Internal-funds-be-gone: Where all the Investments are Above Average
Hal Varian offers an explanation for why companies finance investment out of retained earnings more often than many financial models suggest they should.