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To: Maurice Winn who wrote (36304)7/19/2003 8:53:22 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hello Maurice, <<… But to be honest, I'm not totally pure. In fact, I am ashamed to admit that I find altruism a successful strategy. I hasten to add, it's a selfish strategy because my altruism makes me feel good and also makes the rest of the world a better place, which makes MY life so much better.

So, for example, I give away my great ideas for others to profit from …>>

[Note to self: when engaging in a nonsensical discussion, always encourage the opposition to define his twisted terms :0)]

... Ok, I can live with this definition, and to make myself feel good, or at least better than you, I put on the SI record that:

(a) I have and am helping to fund the university education of three relations and also my ex-domestic Filipino helper’s son;

(b) I had sponsored young Russian musicians performance in Hong Kong, and had sponsored young Chinese musicians concert in Russia;

(c) I have helped to organize and completely fund several conferences that brought dozens of Chinese academics to London, to exchange ideas with their counterparts from USA and Europe;

(d) I have certainly shared my ideas with what I hope is perceived as seriousness and honesty even if delivered with a grin.

(e) <<Philanthropic investing is altruistic>> ... I have even put myself deliberately in the path of danger, trading QCOM calls/puts and buying JPM puts, just to make a point and to try to save some SI villager some investment mistake.

<<Jay, you have failed to make the logical connections and see the full picture: … The person who paid $200 a share for QUALCOMM or any higher price than now, was sacrificed to the capitalist cannibalistic process the instant they handed over their money. You can't save a QCOM shareholder by sacrificing the next in line to the current owner>>

… Come, Maurice, you know you are wrong, about my detecting your imagined logical connections and about the veracity of the same obviously faulty connections.

Allowing one SI villager to lose his QCOM money from USD 60 to 30 is, comparatively, not as kind or altruistic, relatively, as enabling the spread of the USD 30 pain amongst 30 successive SI villagers. As for non-SI villagers, they cannot be helped if they are outside the range of reach.

The fact of the matter is that QCOM has proven to be depreciating and dead money, and will likely be such for quite some time, attached with a vaporizing call option on still more tech doom.

BTW, I have yet to see a CDMA phone in a consumer's hand even though I have been looking. The number of Internet-connection wannabe consumers is simply not that plentiful compared to bargain-conscious GSM phone carriers.

How much is a dividend-poor and cost-rich tech share worth again? Have you learned nothing in the past 36 months?

That, Maurice, ends my side of the altruism discussion, allowing time to be better spent on ...

<<It's a fantastic sunny midwinter Sunday, so I must go and enjoy the warmth and beauty>>

I am having a good start on a beautiful day as well. It is sunny, 32 degrees air temperature, 24% water temperature, 94% humidity, and typhoon approaching, with occasional showers. I intend to exercise, swim, indulge in good food, read, nap, watch a movie, and read again.

<<G347 Q357 - the gap has narrowed... damn...>> … what should be must and will be, because it is right, proper and honest.

Chugs, Jay