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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (99109)	1/5/2008 11:55:43 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

You sure enjoy babbling about things you know nothing about. James Irvine bought the Irvine Ranch for $150,000 in 1878. As the land was passed on, from generation to generation, it was placed into a Trust for tax purposes. As you might expect from human nature, over time the Trustees end up managing the trust for their benefit rather than for the benefit of the many small Beneficiaries. Athalie Smith married one of the heirs in 1929 and gave birth to her very shrewd daughter, Joan Irvine. She fixed this problem for all Trust Beneficiaries and stepped on a lot of toes to do it. Ask anyone who knows her - she doesn't give a crap what you or anyone else thinks of her. You certainly don't see Joan Irvine giving "interviews" and arranging "puff-piece articles" to build up her fragile ego like Don Brenn does incessantly, just so a bunch of bumpkins on the street will be impressed. His publicity surely convinced you of a false story where Don Brenn played the hero. I think you need to question if you obtained all of your beliefs from this sort of propaganda. Realizing that her annual payments from the trust were far less than she would receive from a from a US Treasury bond, she put into motion a masterful plan to realize the true value of her small minority position. I can appreciate the fact that you can't imagine how its possible to make money unless the bank gave you a large generous loan or you win the lottery. You'll have to leave that the the Joan Irvines, John Templetons, and Warren Buffetts who know that Debtorism is not the source of wealth. .