Dilbert on stock splits...yeah Apple, we're talking about you.

Via Josh Brown.

A not so veiled jab at the recent 7:1 stock split undertaken by Apple.  Apparently having a high stock price is no longer cool.

CDOs, cows and financial engineering.

In my MBA class this week, we talked about CDOs and how they were used to bundle sub prime tranches of mortgage backed securities into AAA rated securities because, it was argued, the risks in the tranches were uncorrelated.

This Dilbert cartoon explains the concept beautifully.

Dilbert on MBAs

All I can say is that I have a Finance PhD and an MBA and I'm not making any money in the market either.

Dilbert on hedge funds