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<div class="moz-cite-prefix">On 07/16/2016 08:44 PM, Russell Reiter
wrote:<br>
</div>
<blockquote
cite="mid:CAPik5MzV0NgDB52metQ_Wd=wz9Z7JtKE63mA-Z-MPn8NZb0hEA@mail.gmail.com"
type="cite">
<p dir="ltr"><br>
><br>
> Rule #1 is corporation executives are responsible to
increase shareholder value.</p>
<p dir="ltr">The golden rule is that they with the gold make the
rules.</p>
<p dir="ltr">> If you do that by killing millions of people
your obligation is to kill them and increase the profits.<br>
> There is no obligation to deliver a safe or quality product
or service.</p>
<p dir="ltr">There is an implied warranty of serviceability which
is attached to every product in the market. Shoddy and inferior
products increase liabilities</p>
</blockquote>
Like Cigarettes?<br>
Or Oil(think global warming)<br>
How about the people killed by various well known automotive design
flaws?<br>
Then there are people selling things like herbal supplements making
claims of cancer cures.<br>
<br>
I see your serviceability and raise you gross disregard for human
life.<br>
<br>
<blockquote
cite="mid:CAPik5MzV0NgDB52metQ_Wd=wz9Z7JtKE63mA-Z-MPn8NZb0hEA@mail.gmail.com"
type="cite">
<p dir="ltr"> </p>
<p dir="ltr">It took real balls for executives to take corporate
jets to the meetings where they requested their corporate
welfare payments. That was a monumental disservice to Enron and
other employees who lost pensions.</p>
</blockquote>
This is where rule2 is put before rule1 <br>
<blockquote
cite="mid:CAPik5MzV0NgDB52metQ_Wd=wz9Z7JtKE63mA-Z-MPn8NZb0hEA@mail.gmail.com"
type="cite">
<p dir="ltr">> The guy who bought the low margin low volume
drugs and increased the prices by a few thousand times did the
right thing.<br>
> He is in jail not for breaking some other unrelated rules.</p>
<p dir="ltr">I'm not sure I understand what you are saying here.
He's in jail for not breaking unrelated rules?</p>
</blockquote>
<br>
sorry bad grammer.<br>
He is in jail not for the gouging but fore breaking some other
unrelated rules.<br>
Killing people by denying them their medicine is not illegal.<br>
<br>
<blockquote
cite="mid:CAPik5MzV0NgDB52metQ_Wd=wz9Z7JtKE63mA-Z-MPn8NZb0hEA@mail.gmail.com"
type="cite">
<p dir="ltr">><br>
> Rule #2 is do whatever it takes to increase your personal
compensation.<br>
><br>
> With those 2 simple rules most all of the business events
of the last 50 or so years make sense.</p>
<p dir="ltr">There is a global economic crisis unfolding. Part of
the problem is the number of untrained investors and
unscrupulous advisors. The other part is that there are two many
professionals who don't work in what they trained for but rather
engage in property and other speculations.</p>
</blockquote>
There are a number of problems.<br>
Its not the investors as such but the idea that the way to wealth is
investing and not by creating something of value like a product or
service.<br>
<br>
<blockquote
cite="mid:CAPik5MzV0NgDB52metQ_Wd=wz9Z7JtKE63mA-Z-MPn8NZb0hEA@mail.gmail.com"
type="cite">
<p dir="ltr">The real fact is that investing is an art and there
are no simple rules. The market has always been too volatile for
such simplicities. </p>
<p dir="ltr">I have a friend, a lawyer and a smart guy. He took a
year off from his practice to work in the FOREX market. At the
end of it he made $5.000.00 less than the previous year in a
legal practice.</p>
<br>
</blockquote>
The stock market is just legal gambling.<br>
The only way to insure you will win is to cheat.<br>
Investing without insider information is insane.<br>
<br>
<p><br>
</p>
<pre class="moz-signature" cols="72">--
Alvin Starr || voice: (905)513-7688
Netvel Inc. || Cell: (416)806-0133
<a class="moz-txt-link-abbreviated" href="mailto:alvin@netvel.net">alvin@netvel.net</a> ||
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