Any year that passes in which you don't destroy one of your best loved ideas is a wasted year.
-- Charlie Munger
ArjunSanyal, EricAndreychek, and I were up until the wee hours last night talking about finance and investment (Arjun spotted the above link). This all stemmed from an observation that it was hard to find a good investment that can beat VGMXX (JP Morgan Gov't Money Market). At our next colloquium, I'd like to target an idea for destruction, but before then, I have to review some ADRs. ;)