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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Salt'n'Peppa who wrote (112145)10/19/2008 3:18:01 AM
From: whitepine4 Recommendations  Read Replies (1) of 206159
 
Greed? So, Socrates, can you explain Greed? Is JoeFarmer any more or less greedy than XTO?

If JoeFarmer could make 300 million/year, would he do so?

Is his ability to earn that much limited by his greed quotient, or by his market power and size?

[ in case you are a slow learner........Greed is a constant. XOM has no more or less Greed than a day-trader or LEH. ]

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It remains a fact: advanced degrees and NY pseudo-sophistication have nothing to do with wise public or private policy. "intelligent" people can make errors that are as great as those with limited practical experience. In fact, I suspect outsiders, compared to those within the beltway, are more likely to make reasoned decisions than those who are corrupted by Brie, finger bowls, opera, and daily shopping trips to Saks or Neiman-Marcus.

Best and the Brightest was a book by David Halberstam....read the summary at Amazon. You didn't understand the point.
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