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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (26379)	12/20/2002 12:29:17 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Grace, tagged to your points: Not necessarily true:0I Not all the time for all times:0/ And paradise most assuredly does exist:0) Chugs, Jay

To: GraceZ who wrote (26379)	12/20/2002 3:58:10 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<Jay, people don't do great things when they have money, they are spurred on to do great things trying to get money. > The Buddha was first a rich prince... one could go on and on in validating Jay's response 'not necessarily', AND then flip the burger over and view all the 'terrible' or 'anti-great' things money also 'spurres on' people to do, but I'll just leave it at JMMO [just my minds opinion]. :) <All the failed tech companies provide the cumulative experience to create the ones that do succeed. > Jay said 'gossamer-like'.... not 'all'. During the bubble the business plan was: "we can sell this shit... go find it, profit potential is not a pre-requisite." In other words there were many an IPO that taught no one anything other than teaching the investor that they were no such thing. < You see a landscape of wasted resources and squandered capital but I see myself commuting to work on a vast highway made of light waves> The truth is what is... not what we see with our minds, especially if one is not aware that there is a difference... as you so eloquently state: <<People have this vision of tropical paradise, it doesn't exist. Move to paradise and it disappears like any other mirage you see off in the distance, as you approach it you see it dissolve into thin air. >> Of course again, it pertains mostly to those unaware that they 'see' [and therefore are seeking] through their minds... for certainly the paradise exists, but for them Toledo = Tahiti. Hence 'some people' would be a better start to your paragraph. DAK

To: GraceZ who wrote (26379)	12/20/2002 11:14:04 AM
From: Mike M2	Read Replies (1) \| Respond to of 74559

Grace, I think most agree that capitalism derives strength from failures the trouble with credit bubbles is that they support unsound investments ( malinvestments). Without the bubble many malinvestments would have been cut off from the capital sooner. The fibercon and dotcon bubbles are perfect examples of this. IMO It created an environment where companies were brought public not with the intention to create a viable business but rather to cash in on the bubble. mike