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October 1, 2026 

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ANNUAL: A standard 12-month period, or one year, used for reporting economic and financial data. Gross Domestic Product and related measures are noted economic data released annually. Many businesses also provide annual financial reports. Another standard reporting period is the quarter.

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SEVENTH RULE OF COMPLEXITY

The seventh of seven basic rules of the economy, stating that every action in the complex world has direct and often intended consequences combined with indirect and probably unintended effects.

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APLS

PINK FADFLY
[What's This?]

Today, you are likely to spend a great deal of time at an auction seeking to buy either a cross-cut paper shredder or a birthday greeting card for your father. Be on the lookout for gnomes hiding in cypress trees.
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This isn't me! What am I?

A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
"The truth is not for all men, but only for those who seek it. "

-- Ayn Rand, writer

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Securities and Investment Board
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