Mad Dog 21/21: Leverage
September 4, 2007 Hesh Wiener
|
Archimedes was talking about leverage, one of his favorite topics. He said, “Give me a place to stand on, and I will move the Earth.” The Sicilian from Syracuse probably knew more about mechanical leverage than anyone of his era, which was the third century BC, but he didn’t know about financial leverage. Some people are still finding out about financial leverage, particularly on Wall Street, and doing it the hard way. What they cannot learn from Archimedes they might try to garner from IBM, which looks like it knows a little more about the topic than most companies. |
