October 01, 2004

Good Weekend Reading

WITH THE MARKET going gangbusters today -- as we write, all the big indexes are up more than 1 pc -- we have no doubt readers will pay more attention than normal to the financial world this weekend.

Therefore, we would direct readers to this week's Carnival of the Capitalists. We are horribly late in posting about it, but it contains lots of neat stuff.

For instance, how could one resist a post entitled, "It's risk, Jim, but not as we know it!" One could not. Also, in really cool business news, some guy sold his blog for $15,000. This is an amazing story, although it is not clear to us whether that is USD 15,000 or CDN 15,000, which would be worth USD 11,872.50.

(Wait a minute. The loonie can't be worth 79 cents ... OK, apparently it can. Oh, God. Even the Australian dollar is at 72 cents. The pound's up to a buck-eighty. Well, so much for that foreign travel we were considering for next year).

In any event, we would like to very much thank Evelyn Rodriguez of Crossroads Dispatches for all her work in compiling and posting this week's Carnival, as well as for hosting it at her site. We must also say we were quite surprised and pleased to see our entry on small investors' dealings with large brokerages given such prominence!

Posted by Benjamin Kepple at October 1, 2004 11:25 AM | TrackBack

The sale of Jeremy Wright's Ensight blog was for $15,000 USD. While he is a Canadian blogger, the sale was priced in American funds.

Posted by: Wayne Hurlbert at October 2, 2004 05:57 AM

Hi Wayne,

Thanks! I still can't get over it, though. Fifteen thousand *AND* he gets to keep editorial control!

A really neat thing about the whole story, as you mentioned, is that it shows every blog has a potential cash value. That's an amazing thing given that pretty much every blog out there started out as a "fun" project.

Posted by: Benjamin Kepple at October 2, 2004 10:34 AM