Hey Sal
Are you an entrepreneur?
If so , and this is your experience?
"Being content with a stable level of corporate income"
cool
But otherwise it doesn't make a lot of business sense.
EVERYTHING changes, and if one does not say, invest, to keep up, one doesn't survive, in most places.
Somebody will grow right into the place you "used to be"
There are alternatives to Wall Street, Cuba being one
I'm confused. Are we debating the virtues of some form of "capitalism" or those of Wall Street, which I take to be a proxy for our banking and financial investment sector?
--Darin
Yeah, I'm real ignorant. That's why over a forty-year career I've had close to a 100% batting average predicting mfg corporations, and have built up my side of this particular
privately-held corp from zero to one of the most sucessful in the country. Part of my philosophy is, whenever possible, avoid publicly-traded companies - they seldom control their own destinies. And I've seen more than my fair share of established US corps tank
fast once they did go public. Growing a stable oak tree takes time and patience; growing
mushrooms is fast. And there are privately held companies out there way bigger than Kodak ever was, who are doing quite well at the moment. Not every company is run by
bobble-headed MBA's who are too young to shave yet.
No, I'm a retired engineer.Originally Posted by EdWorkman
As one of the labor "units" that corporate entities hired, my career provided, in inflation-adjusted terms, a relatively stable level of personal income. I was content with it. My needs have always been met and all but my wildest desires could be indulged from time to time too. I'm not greedy.
Let's look at an entrepreneurial example relevant to this forum. My most satisfying large format purchases were the four cameras bought from Dick Phillips. Dick restricted the growth of his business (and income) by establishing annual production limits. There were waiting lists. Those who got the cameras paid a fair price and received top quality products. Dick earned a decent living and, apparently, great satisfaction from his work. I think that model makes more business sense than anything Wall Street ever heard of, much less practices.
Who says HARMAN doesn't invest? Just ensuring its current product line can continue to be produced takes R&D, which HARMAN does perform.
Non sequitur. Private corporations (and sole proprietorships) are capitalistic enterprises. They have nothing to do with socialism/communism. They simply lack Wall Street's obsession with "more" as a mandatory factor.
one of the most decent lines of type on this forum in years
Let's look at an entrepreneurial example relevant to this forum. My most satisfying large format purchases were the four cameras bought from Dick Phillips. Dick restricted the growth of his business (and income) by establishing annual production limits. There were waiting lists. Those who got the cameras paid a fair price and received top quality products. Dick earned a decent living and, apparently, great satisfaction from his work. I think that model makes more business sense than anything Wall Street ever heard of, much less practices.
I guess I can't chime in with MY opinion. I'm getting consistently censored for my views in support of Wall Street.
No you are being "censored" for your rude language.
Thanks,
Kirk
at age 73:
"The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep"
Well, Dick certainly didn't do all that well with my purchase! He probably was lucky to break
even, and was almost apologetic that the camera didn't look as nice as the name brand
ones and didn't have all the fancy features. He called it an entry-level 8x10 and didn't know if he could sell more. But being as cheap as it was, I didn't think I could lose, so
took the bait. And it's still my favorite camera! The big retailers mocked his unorthodox idea. And at some point I think Dick started scratching his head, having a little chuckle to himself, and suddenly realized he was onto something. Seems to have initially been a case
of Dick wanting a personal camera, having fun, and deciding to make a few extras just
for the heck of it. I was sure lucky. If an marketing mgr in a Wall St company had come up
with the idea, the camera wood be made out of paper mache.
It's simpler than that. Making money requires making a product which people want to buy.
Steve.
I've never had any of my threads deleted for "rude" language before. That's not my style. And I didn't think referring to certain statements as being ignorant (in the literal sense of the word) was rude. Otherwise, I would've refrained.
But, I will comply.
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