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posted to rec.boats
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First recorded activity by BoatBanter: Mar 2013
Posts: 3,069
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New Pope Lambasts Greed
In article ,
says...
On Tue, 14 May 2013 16:10:25 -0400, "F.O.A.D." wrote:
You're not reading carefully. I don't oppose corporations making a
profit. Also, I haven't owned shares for some time and, when I did, it
wasn't because I expected to live off the dividends: I was a speculator,
and it was easier to speculate on shares than to go to a race track or
Las Vegas. Once in a while, speculative profits had something to do with
whether the corporation was making a significant profit, but mostly it
had to do with what I call "market madness," the ability of shares to
rise or fall on whims, frequently whims that had little to do with the
company's business decisions.
You still own plenty of stock, they are just held by your pension plan
or other investment vehicles you have..
Bingo!
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