• Thought of the Day

    Thought of the Day

    2000: John Cage said that fear in life is the fear of change. If I may add to that: Nothing can avoid changing. Its the only thing you can count on. Because life doesnt have any other possibility, everyone can be measured by his adaptability to change.

    –Robert Rauschenberg, in Michael Kimmelman, Robert Rauschenberg, the Irrepressible Ragman of Art, The New York Times, August 27, 2000, p. 26.

Today in Financial History

1988: Dell Computer Corp., run by then-23-year-old college dropout Michael Dell, goes public on NASDAQ at an initial price of $8.50 per share.

1979: Watch out for that forklift! MB Associates, a company run by Bernard Marcus and Arthur Blank, opens three home-improvement outlets next to some Treasure Island stores in Atlanta. Today known as Home Depot, it's one of the world's largest retailing outfits.

1775: Congress authorizes the first issuance of Continental Currency, or U.S. paper money. Officially known as "Continentals," the money is soon rendered nearly worthless by runaway inflation. Local wits rechristen Continentals as "shinplasters," useful only for mixing with flour and water to make casts for broken bones..