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Political Talk
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Old 03-14-2013, 01:41 PM   #41
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Bob Lutz is a car guy and a damn good one. Nobody's denying that. But he has a myopic view of what drove GM bankrupt. Government regulation ...
While I certainly differ or disagree with some of your points, I’ll still stick by my assertion that no company makes money, they only makes products (physical, intellectual, services) for which, if done well, they receive money. Those business elements you discuss are of course vitally important, but they are ultimately important only in service to the higher paramount objective, to produce excellent, high-value products.
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Old 03-14-2013, 01:47 PM   #42
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While I certainly differ or disagree with some of your points, I’ll still stick by my assertion that no company makes money, they only makes products (physical, intellectual, services) for which, if done well, they receive money. Those business elements you discuss are of course vitally important, but they are ultimately important only in service to the higher paramount objective, to produce excellent, high-value products.
ummm no. maybe for a mom and pop store, but multinational corporations are in existence to make money. they couldn't care less what products or services they produce as long as they are making a return. does warren buffet buy coke stock because he likes the refreshing taste of cola? hell no, he wants to make money, lots and lots of money.
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Old 03-14-2013, 03:05 PM   #43
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ummm no. maybe for a mom and pop store, but multinational corporations are in existence to make money. they couldn't care less what products or services they produce as long as they are making a return. does warren buffet buy coke stock because he likes the refreshing taste of cola? hell no, he wants to make money, lots and lots of money.
I would disagree, I think your analysis is too narrow and limited in scope, scale and time; perhaps even a touch cynical.

Warren Buffet buys Coca Cola stock because he thinks they make the best product, cola in this instance, for which they receive money in the form of sales profits and that will eventually enrich his investment for that very reason.

So yes, in an extended sense, Warren Buffet does care that Coca Cola produces and sells and excellent product for if they didn't they wouldn't receive as much money and by extension, then neither would Warren. Again though, in the end, it does come down to Coca Cola producting the best product.

A firm that didn't care and wasn't discerning about what products they were investing in would soon go out of business for investing in inferior products where neither the manufacturer nor the investor would receive money. Ultimately there has to be some real value of a real high-quality product -- be it manufactured, intellectual, service or whatever -- undergirding the value of an investment, especially in the long term.

Lacking that real value, you get your bubble economy that some may be able to play to their advantage in the short term but will ultimately collapse, often ruinously, in the end (reference to 2008, the real estate bubble and the Great Recession.)

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Old 03-14-2013, 03:07 PM   #44
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who cares about turnover when you pay your employees less than half of a competitor?

i don't give a fvck who works where. it's an investment. as long as it makes ME MONEY, IDGAF!!!
what a prick.
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Old 03-14-2013, 03:17 PM   #45
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only if you don't like making MONEY! buy walmart or walgreens if you want to see higher ROI. those extra wages going to employees could be going back to investors.
Already have stock in Wallmart. ROI is good, but so is a stable company with steady growth and consistent returns. Still have to do my research on Costco though.
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Old 03-14-2013, 03:20 PM   #46
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who cares about turnover when you pay your employees less than half of a competitor?

i don't give a fvck who works where. it's an investment. as long as it makes ME MONEY, IDGAF!!!
Which is fine were it all about you. However, the "me's" who are actually making money and thriving, economically, is becoming an ever smaller, and smaller sector of the American population.

Given that this is a democracy, and that the portion who are not thriving economically is becoming a huge majority of the electorate, perhaps you might want to GAF if only for your own self-interest in terms of a stable society and thriving overall consumer economy. Otherwise, this large majority will vote in terms of their interests, as is right and appropriate in our democracy, and if their interests and yours have evolved to be irreconcilable, it will be yours that will suffer.
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Old 03-14-2013, 03:29 PM   #47
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Which is fine were it all about you. However, the "me's" who are actually making money and thriving, economically, is becoming an ever smaller, and smaller sector of the American population.

Given that this is a democracy, and that the portion who are not thriving economically is becoming a huge majority of the electorate, perhaps you might want to GAF if only for your own self-interest in terms of a stable society and thriving overall consumer economy. Otherwise, this large majority will vote in terms of their interests, as is right and appropriate in our democracy, and if their interests and yours have evolved to be irreconcilable, it will be yours that will suffer.
A republic is set up to avoid tyranny of a majority
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Old 03-14-2013, 04:00 PM   #48
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Which is fine were it all about you. However, the "me's" who are actually making money and thriving, economically, is becoming an ever smaller, and smaller sector of the American population.

Given that this is a democracy, and that the portion who are not thriving economically is becoming a huge majority of the electorate, perhaps you might want to GAF if only for your own self-interest in terms of a stable society and thriving overall consumer economy. Otherwise, this large majority will vote in terms of their interests, as is right and appropriate in our democracy, and if their interests and yours have evolved to be irreconcilable, it will be yours that will suffer.
Quit trying to spice it up, lazy people who blame others are taking over.
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Old 03-14-2013, 04:07 PM   #49
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I would disagree, I think your analysis is too narrow and limited in scope, scale and time; perhaps even a touch cynical.

Warren Buffet buys Coca Cola stock because he thinks they make the best product, cola in this instance, for which they receive money in the form of sales profits and that will eventually enrich his investment for that very reason.

So yes, in an extended sense, Warren Buffet does care that Coca Cola produces and sells and excellent product for if they didn't they wouldn't receive as much money and by extension, then neither would Warren. Again though, in the end, it does come down to Coca Cola producting the best product.

A firm that didn't care and wasn't discerning about what products they were investing in would soon go out of business for investing in inferior products where neither the manufacturer nor the investor would receive money. Ultimately there has to be some real value of a real high-quality product -- be it manufactured, intellectual, service or whatever -- undergirding the value of an investment, especially in the long term.

Lacking that real value, you get your bubble economy that some may be able to play to their advantage in the short term but will ultimately collapse, often ruinously, in the end (reference to 2008, the real estate bubble and the Great Recession.)
I hope your investments are managed by a decent wealth manager because you have no idea how Warren Buffett invests. Try reading "The Intelligent Investor" if you actually want a clue of the thought process that goes through Buffett's head when he makes investments instead of assuming that he shares your ridiculous beliefs.
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Old 03-14-2013, 04:14 PM   #50
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A republic is set up to avoid tyranny of a majority
On paper yes. In reality it isn't all peaches and cream. Most of the time the powerful and influential stay powerful and influential whether it be private or government sector.
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Old 03-14-2013, 05:26 PM   #51
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On paper yes. In reality it isn't all peaches and cream. Most of the time the powerful and influential stay powerful and influential whether it be private or government sector.
Oh you are right, but the system isn't supposed to be set up where you get 51% and get to make the rules.
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Old 03-14-2013, 05:32 PM   #52
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People are tightening budgets due to a weak recession.. Stores like Costco thrive
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Old 03-14-2013, 06:04 PM   #53
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People are tightening budgets due to a weak recession.. Stores like Costco thrive
We're in a recession?
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Old 03-14-2013, 06:47 PM   #54
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A republic is set up to avoid tyranny of a majority
Now what type of republic are we talking about here?
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Old 03-14-2013, 06:52 PM   #55
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Oh you are right, but the system isn't supposed to be set up where you get 51% and get to make the rules.
Yea so what is the issue. First past the post buddy.
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Old 03-14-2013, 06:53 PM   #56
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Yea so what is the issue. First past the post buddy.
Actually, no that isn't how it works. You're shockingly ignorant.
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Old 03-14-2013, 07:00 PM   #57
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Actually, no that isn't how it works. You're shockingly ignorant.
Someone doesn't know how elections work.
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Old 03-14-2013, 07:02 PM   #58
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Someone doesn't know how elections work.
Yes that's why we have a system where someone can get the most votes and still not be president. Excellent observation. What's your opinion on California Prop 8 again?
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Old 03-14-2013, 07:18 PM   #59
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Yes that's why we have a system where someone can get the most votes and still not be president. Excellent observation. What's your opinion on California Prop 8 again?
What does my stance on Prop 8 have to do with the way our election functions? Much less what does my or even your opinion matter. We both are not residents of Cali.
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Old 03-14-2013, 07:24 PM   #60
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What does my stance on Prop 8 have to do with the way our election functions? Much less what does my or even your opinion matter. We both are not residents of Cali.
this post shows exactly why you're not intelligent enough to discuss things with. I have drinking to do, good day sir.
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