TJ, on that basis, having "China", "Tech" and "Faith" in the name < China Techfaith Wireless Communication Technology Limited > is almost a parody of a company. But they do seriously try to do a good job [as far as I know].
Long ago, I read that having the word "global" in a company's name was a major warning but I ignored it and invested in "Globalstar". I broke a few of my decades-old rules in that "investment" to my great cost. Temptation is as old as apples in Eden.
Life is rich in biblical lessons. There is a never-ending stream of lessons coming down the pike.
The USA and others around the world are gaining some biblical instruction on the Five Financial Factors For Freedom aka Learn, Work, Save, Invest, Spend which is the opposite of Ignorance, Laziness, Borrowing, Spending and skipping the idea of investing which can't be done without saving.
Speculating on Madoff Ponzi schemes is not investing, nor is puff ball borrowing on borrowing, leveraged on speculative house prices, bundled into securitized counter-party derivatives in credit default swaps backed by ephemeral ethereal monoline insurers. NZ was full of it in the mid 1980s, leading to the huge implosion in 1987. NZ didn't have the "financial engineering" which is driving the current financial relativity theory drama - it was more a simple "borrow and hope" speculative boom and bust.
Mqurice |
