Most legendary news articles?
I'll start
Goldman Sachs' Blankfein on Banking: 'Doing God's Work'
https://www.wsj.com/articles/BL-MB-13358
AIG, Lehman Shock Hits World Markets
https://www.wsj.com/articles/SB122152314746339697
RJR Nabisco Suitor Claims $24.88 Billion Victory - The New York Times
https://www.nytimes.com/1988/12/01/business/rjr-n…
This one is a bit of an apocryphal story about the news, but a pun that I like.
The Los Angeles Times had a photograph of Greek shipping magnate Aristotle Onassis looking at silent actor Buster Keaton’s house because he wanted to buy a place in Hollywood. The caption was “Aristotle Contemplating a Home of Buster,” which is one of my favorite nerdy puns.
https://www.washingtonpost.com/archive/politics/1995/10/03/oj-simpson-acquitted/3307d174-cbe2-46c5-80c6-0d0b90a0d889/
The running joke known as "Time's Person of the Year".
Churchill and Queen Elizabeth II, the crew of Apollo are proper subjects. But Hitler? King of KSA? Putin? Arrafat? Khomeni?
Greta Thunberg
What is wrong with those? Frankly, the crew of the Apollo seems like a bullshit choice; how about the engineering team that got them into space? Hitler/Putin/Khomeini seem like far better choices than Queen Elizabeth.
So you're saying you support mass murderers more than the guys that made it to the moon or the queen who gave how many countries indeopendence instead of trying to take over more? That's what's wrong with "those".
https://www.federalreservehistory.org/essays/ltcm-near-failure
Sept 1998
"On September 23, 1998, a group of fourteen banks and brokerage firms invested $3.6 billion in Long-Term Capital Management L.P. (LTCM) to prevent the firm’s imminent collapse. The capital infusion forestalled a fire sale of LTCM assets into already turbulent markets and instead allowed for an orderly liquidation of the hedge fund’s holdings. While the Federal Reserve brought the market participants together and oversaw the refinancing, it did not put its own funds at risk. Rather, creditors of LTCM—who had the most to lose from its bankruptcy—arranged and financed the rescue. The effort thereby addressed the near-term concerns of a possible fire sale of LTCM assets, while mitigating long-term moral hazard concerns that might have arisen from the use of public funds.
Led by a team of market experts including two Nobel laureates, LTCM was a hedge fund well known for using sophisticated mathematical models to make impressive profits. Founded by former Salomon Brothers Vice Chairman John Meriwether in February 1994, LTCM exploited temporary price differences between similar types of securities. Its “market-neutral” design meant it expected to make profits regardless of whether prices were heading up or down. LTCM generated above-normal returns of 20 percent in 1994, 43 percent in 1995, 41 percent in 1996, and 17 percent in 1997 (Siconolfi 1998)."
Black Monday, 1987
Mike Milken, 1989
https://archive.vanityfair.com/article/1989/8/michael-milken-the-man-wh…
Richard Fuld punched in face in Lehman Brothers gym
https://www.telegraph.co.uk/finance/financialcrisis/3150319/Richard-Ful…
WSJ article that exposed Theranos
https://www.wsj.com/articles/theranos-has-struggled-with-blood-tests-1444881901
NYT piece on the resolving of an MTA strike: "Sick Transits Glorious Monday"
Delightful pun
I love these. Very interesting time capsules.
FTX collapse, maybe?
It’s hard to stay relevant as an outliner here … is there a way I can relocate to an environment where I do not need to deal with signals for guessing and analyzing the articles? It’s not healthy for my mental health…
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