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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (8261)9/5/2001 11:42:04 PM
From: Ilaine  Read Replies (3) of 74559
 
Engineers deal with the real world which will come out the same whether they vote or not.

Lawyers deal with human beings, some of whom are suffer from such delusion and confusion and misunderstanding that they believe that Globalstar is a good investment and Qualcomm will save humanity. Or perhaps they are so deluded as to keep asserting that the mass of a satellite doesn't affect its fuel consumption because Kepler's Third Law says that the mass of a satellite doesn't matter.

With people like that, engineers can do nothing. Not that lawyers can do much, but at any rate, that's why lawyers handle cases where the outcome is far from certain.

A decent lawyer tells the client that he/she can't win - but sometimes the client doesn't really expect to win, sometimes the client wants to delay matters until the situation is more convenient.

I don't blame you for not understanding estoppel - it's a somewhat subtle concept. In a nutshell it means that once you have taken a position, and the other party has relied upon your position in good faith, you can't change it to the other party's detriment. Detriment means harm.

The fun comes in defining "position," "party," "other party," "reliance," "good faith," "change," "detriment," and so forth.

The kind of person who thinks he knows that when he sees it is usually the same kind of person who exclaims in modern art galleries that his young child or a chimpanzee could produce similar works. A predictable type, but delusional nonetheless.
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