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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (71093)	11/29/1999 9:30:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Wayne, Howard Schilit -NYT article on IBMs earnings- has a book Financial Shenanigans -great book. There is an accountant joke the client interviews accountants- The question is how much is 2+2 ? first guy answers 4 ; the second guy thinks this must be a trick question and answers 5 ; the third guy answers " how much do you want it to be? " there is definitely a ring of truth to that! ho ho ho Mike

To: Freedom Fighter who wrote (71093)	11/29/1999 9:59:00 AM
From: Don Lloyd	Respond to of 132070

Wayne - [[I agree with your latest "options" discussion. Have you modified your view a little or I am I just understanding it better?...]] Probably some of both, can you specify a particular point of difference? [[...I also think that options are very difficult to value...]] More difficult than you think, because nothing else has an intrinsic value either. All values are subjective, which not only refers to disembodied preferences, but also to specific circumstances. If I have ten horses and no saddles and you have ten saddles and no horses, what is the intrinsic value of horses in terms of saddles? It should be apparent that the relative valuations of the two economic goods depends on who is doing the valuation as the law of diminishing marginal utility comes in with full force. Certainly some degree of exchange will be judged beneficial by both sides. Regards, Don