Tuesday, October 06, 2009

gotta go to work, work all day, search for underpants hey

Excellent post at Eschaton:

Looting For Profit

Buy companies, leverage them, pay yourself a dividend, and then go bankrupt.

I think we've finally found the secret phase 2 of the underpants gnomes.

Phase 1: Collect Underpants
Phase 2: Use underpants as collateral for multibillion dollar loan.
Phase 3: Profit

Although admittedly, I like anything that references the Underpants Gnomes:

Here the Underpants Gnomes explain their business model.

I laugh hysterically every time.