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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (31938)	11/4/2009 9:50:07 AM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 46821

Action or thinking? Not so much action or talk? After many years of my own experience and observation and reading about centuries of action, there is normally too little thinking and too much action. The reason for that is that thinking is hard work and especially if more than one person has to do the thinking to get a good combined thought result. Also, it's suspicious when people don't want me to think - it's invariably because thinking could lead to them missing out on benefits to themselves and they need thoughtless hurry to score the cash. <Talk or action? We choose talk. > The problem is that private investors will be reluctant to invest in fibre because the government will confiscate the asset by declaring that "prices are too high and need regulation". I invested in good faith in Vector [electricity and fibre networks] in NZ only to have the government decide that my profits should be no more than I could get by having the money in the bank. Once bitten twice shy. Fool me once shame on you, you fool me, you can't get fooled again [an old saying from Tennessee of George W Bush]. So even if fibre would be a good investment, I'd want a better rate of return than normal and a constitutional change by parliament that my investment could not be stolen without an act of parliament getting a unanimous decision after a referendum requiring 95% of votes to be in favour of confiscation. Since socialists have ruined private investment they'll have to invest themselves which means the whole effort will be a kleptocratic, expensive, inefficient and absurd mess. But that's governments for you. They'll replace perfectly good fast internet where it exists and install fibre where it doesn't exist but is completely uneconomic - such as to the door of their friends or themselves on some remote island or out in the desert. They'll gold plate it and leaven it with spiritual aboriginal incantations and in NZ with Maori koha [gifts - cash is fine] and karakia [supplications to the Gods homepages.ihug.co.nz ]. It's not as though a network effect is part of fibre since it's just dumb pipe charging a toll for each byte, so there could be a multiplicity of fibre companies. People could chose a house to live in according to which has a good fibre company. So there would be competition. When I buy a house [such as 9 years ago] my internet connection is a major part of the decision. I am likely to move to where there's good fibre which isn't stupidly expensive [doesn't exist because telecom people and government departments charge stupidly high prices]. Think BEFORE action. Unfortunately, most people can't or won't think. You can lead a horse to water but you can't make it think. Mqurice