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

To: TobagoJack who wrote (40797)	11/4/2003 12:44:05 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, you extracted no cabbage from my Q cabbage patch with your zigging and zagging. You extracted it purely from those on the other side of the trades. You extracted none from the coffers of QCOM and none of my Tonka Truckload of stock. But you know that. Neither have I had a paper loss overall. My nausages have increased for a couple of years now after the carnage of Y2K and the demise of my beloved Globalstar, which still continues to provide service to about 100,000 subscribers. Which is 1/40th as many as should be enjoying the service by now. True, my "In Uncle Al We Trust" US$ have declined against my "Helen Rulz OK" NZ$ house which has zoomed as measured in US$. All losses and gains are paper losses and gains until converted into Lexus, Citation, cyberphone and reflexology experience. Actually, until the Lexus etc are fully used and depreciated and life is over, the value remains partly in paper. Gold, Q, US$, NZ$, a brand new Lexus in the driveway, Citation at the airport, or 'Katana' are all just forms of paper and promise until converted to happy memories of years of enjoyment. A person who converted all paper to 'real' things yesterday, but died today, still held only paper and had only paper gains and losses to show for their efforts. While the material object, unused, is not strictly paper, it is still just a promise of future enjoyment until actually having provided said enjoyment in full and to the extent of the value of the object. Promises can be in any form - gold, paper, pixels, a new car or a wedding certificate. But until consummation of the promises, they are still pie in the sky. Until the children are adults, and the loving married couple gaze wistfully at their fully-depreciated silver hair and wrinkly faces, promises remain. Inasmuch as you enjoy the lustre of your gold, the weight in your hands, the coolness to your touch, the sense of confidence and morale in your mind, you are taking profits and converting paper value to real value. In the same way, people can enjoy their balance sheet bottom lines and take profits each day they experience the enjoyment. But mostly they are enjoying the promise of future enjoyment of other things - getting there is half the fun. Deferring conversion of the balance sheet bottom line too long is not really what most people want. They really would enjoy a Lexus more than a balance sheet bottom line - better to die after fun in a Lexus than gazing wistfully at a large bottom line while stalled on the side of the road in the rain in a rusty, crusty Model A. Some ups, some down, but mostly many more nausages than not many years ago. While enjoying the process. Mqurice