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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Don Earl who wrote (15484)9/18/2002 11:42:15 AM
From: TimbaBear  Respond to of 78666
 
Don Earl

Somewhere along the line I've become disgusted with the concept of buying stock in order to support rich life styles for middle aged party animals, whose business decisions look like they come from the wrong end of a rolled up $100 bill.

Great line!!!!!!!

Succinctly states one of my attitudes after reviewing some 10Qs and 10Ks.

Timba



To: Don Earl who wrote (15484)9/20/2002 7:10:19 AM
From: Don Earl  Respond to of 78666
 
Off topic Iraq.

Once upon a time there was a little country named Kuwait. The folks in Kuwait had lots of oil, but decided they could have even more by drilling diagonal wells to tap into Iraqi reserves. Back in those days Iraq was sort of friends with the US (as much as the US is friends with anyone in the Middle East). Saddam Hussein met with folks in Washington to find out if the US would interfere if Iraq were to use force against Kuwait to eliminate the theft of Iraqi oil. Iraq was told the US would leave them alone to deal with the problem in their own way. The rest is history.

You see, Iraq has this totally unacceptable attitude that the oil under the surface of Iraq belongs to Iraq, and if anyone is going to turn a profit on exploiting the resource, it's going to be Iraq. Not exactly the kind of attitude likely to endear one to Texas oil men.

When I was a kid in school, I was taught America was the land of the free and the home of the brave. America was a country steeped in justice and the champion of free people everywhere. When the cause was to be left alone in peace, America was like everyone's big brother.

Somehow, the current situation doesn't have that kind of flavor. The US has been invading Iraqi air space for months and bombing hell out of it. The so called "no fly zone" was never sanctioned by the UN and I'm fairly certain most folks would shoot back at anyone flying bombing missions over their land. I don't know if Iraq has weapons of mass destruction or not, but I do know I haven't seen a signal fact in the news to support the accusation. Iraq offered to allow the US to inspect for weapons of mass destruction, but for some reason the US wasn't interested in the offer. Iraq has offered to allow UN inspectors back into the country and for some reason that seems to have Bush madder than ever.

I suppose in a round about way Bush should be admired for his absolute loyalty to the Texas oil money which put him in office, and his willingness to see as many people die as it takes to open Iraq to Texas oil interests. Personally, I can't think of anything more alarming than having a crazy person in charge of the country with the largest arsenal of weapons of mass destruction in the world. If George wants to kill Saddam, give the wacko a Saturday night special and drop him in the no fly zone, but don't sign America's name to his private war.