[GTALUG] Are you on the watch list?

Alvin Starr alvin at netvel.net
Sat Jul 16 21:15:57 EDT 2016


On 07/16/2016 08:44 PM, Russell Reiter wrote:
>
>
> >
> > Rule #1 is corporation executives are responsible to increase
> shareholder value.
>
> The golden rule is that they with the gold make the rules.
>
> > If you do that by killing millions of people your obligation is to
> kill them and increase the profits.
> > There is no obligation to deliver a safe or quality product or service.
>
> There is an implied warranty of serviceability which is attached to
> every product in the market. Shoddy and inferior products increase
> liabilities
>
Like Cigarettes?
Or Oil(think global warming)
How about the people killed by various well known automotive  design flaws?
Then there are people selling things like herbal supplements making
claims of cancer cures.

I see your serviceability and raise you gross disregard for human life.

> 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.
>
This is where rule2 is put before rule1
>
> > The guy who bought the low margin low volume drugs and increased the
> prices by a few thousand times did the right thing.
> > He is in jail not for breaking some other unrelated rules.
>
> I'm not sure I understand what you are saying here. He's in jail for
> not breaking unrelated rules?
>

sorry bad grammer.
He is in jail not for the gouging but fore breaking some other unrelated
rules.
Killing people by denying them their medicine is not illegal.

> >
> > Rule #2 is do whatever it takes to increase  your personal compensation.
> >
> > With those 2 simple rules most all of the business events of the
> last 50 or so years make sense.
>
> 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.
>
There are a number of problems.
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.

> 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.
>
> 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.
>
>
The stock market is just legal gambling.
The only way to insure you will win is to cheat.
Investing without insider information is insane.


-- 
Alvin Starr                   ||   voice: (905)513-7688
Netvel Inc.                   ||   Cell:  (416)806-0133
alvin at netvel.net              ||

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://gtalug.org/pipermail/talk/attachments/20160716/0095a058/attachment.html>


More information about the talk mailing list