... Clown noses! For my corporate governance piece today on Fool.com, I took a look at John and Lewis Gilbert, who were corporate gadflies ahead of their time, paving the way for many of the corporate governance pushes today. (Thanks to TMF Brich for the tip on these guys and their interesting legacy.)
I know it's hard to tear away from the events of recent days. I think it's been shocking even for those of us more bearish types who thought the euphoria of Bizarro Rally was outsized for far too long given all the problems that remain swirling around in the economic landscape. But something about a 1000-point drop in minutes is... well, it was emotionally a little shocking, and I've found it pretty distracting for the last couple days. You can think a correction's overdue, but wow, that was sort of beyond the pale of what anybody would expect to see, and historical regardless of whether it was a "glitch" or anything else. (In an aside, the term "fat finger trade" is getting old already, as far as I'm concerned.)
Anyway, though, I like gadflies. (Maybe it's because sometimes I think I'm a little "annoying" myself... hmm, I'll ponder that later.) And in case anybody wanted a little bit of distraction from all this other clear-and-present danger-drama, I thought I'd throw this commentary out there.
I hope all Fools have a great weekend after this interesting, historical, and kind of exhausting week.