Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ZenWarrior's Trading Paradise -- Ignore unavailable to you. Want to Upgrade?

To: p40warhawk who wrote (368)	4/4/2001 7:44:36 PM
From: TimbaBear	Read Replies (1) \| Respond to of 2462

P40Warhawk: I enjoy the discussion! "...Marx would love that..." No, I don't think he would, as I believe he was against the individual accumulation of wealth. "....I DO feel a "loyalty to the source of employment of that capital". Are you sure about that? If the bank you have your CD with offers a rate significantly below an equally sound bank down the street, when redemption time comes, wouldn't you possibly change banks? If you had a mortgage and interest rates dropped significantly everywhere but where you had your loan, wouldn't you change lenders? If you depend on dividend income for your income needs, wouldn't you change companies if the one you have sharply cuts or eliminates their dividends? Most prudent financial decisions MUST be based on the numbers. You say, "I don't confuse "noble thoughts" with "employment of investment capital"." If by "noble thoughts" you mean "moral values", I have to disagree. I believe moral values should be associated with ALL that we do in our lives. Again, I think you have revealed a real vulnerable spot in the thoughts of many capitalists. There should be no conflict between "nobility" and "objectivity." We HAVE to correct that, or our system won't stand. I didn't express myself as clearly as I wanted to. Personally, I don't employ my capital in stocks of tobacco or alcohol companies. I have other areas as well, but these two will do for an example. But once that exclusion is made, objectivity must be exercised throughout the selection, analysis, decision where to employ capital, evaluation of results, and all other decisions. If I believe that AAPL(for example) is a great stock to own for the long term, then I buy it, put it in a drawer, and monitor it only occasionally to make sure that what I saw initially is still motivating the performance of the company. You may call this "team playing" and I may call it "long term employment of capital" but I suspect we are both getting the same results. Timba