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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (176185)6/28/2002 12:49:56 PM
From: marginmike  Read Replies (1) of 436258
 
What always amazed me about this country and the world, is that everyone thinks the other guy knows what they are doing and everyone relies on each other for confirmation. In the case of Enron, GX, Wcom etc all the analysts and fund managers were to Lazy to figure out what was going down. Those who did any decent research saw these catastrophe's coming. It seems that the faith people put in others who they feel are less fallable then themselves is laughable. In most cases that person is dumber then them. Man very smart people put their trust in Moron stock brokers and Mutual fund managers who hadnt a clue. Its not that people arnt out there who have a clue they are just few and far between, and most have no access to these types. Its the same with doctors and Lawyers etc, all are human all are fallable, and anytimime you trust anyone more then yourself you will be duped. Bottom line Serial aquiring companies are dangerous bets. CENDANT,TYCO,WCOM and a host of others. There are a few left that seem to pretend that they are diferent. CSCO,GE are two good ones.
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