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They say immitation is the sincerest form of flattery but of course it is plagarism that is the purset form of immitation. Feel free to use it without attribution!!

It matters a great deal. The upper classes have access to any currency they choose to be in as well as tangible assets that are outside of China. They may choose to be in coins but not for a lack of alternatives.

I think a combination of daring and humility more aptly describe the ingrediants that mix well with tenacious.

Let's be consistent. Did we start off talking about the middle class and have now switched it to the upper class?

Please indulge my simplistic nature and take me through how you calculate that there is a 99% chance it will turn out as you say. I'm not questioning that you are correct ... the result makes sense to me in a common sense way but frankly I do not know how to set the problem up to solve the...

My bet is Steve does no time. Obviously that is his bet as well. It's a very good bet.

I've long thought that futures brokers should be part of an insurance scheme similar to SIPC (maybe even SIPC) and that segregation is so full of holes even the Swiss can't use it as cheese. But in the meantime aren't farmers and ranchers smart enough to figure out that there is sihnificant...

I'm comfortable, not wealthy. I like to think no matter what shape my finances were in I would be able to see that a guy twho has been laying brick for 45 years can't have the eligibility age on social security pushed up even another year without paying a horrible price physically. Many on...

There is still some fog, so it is not quite as clear as I would like but I work on it every day. It is an amazing process to be take down a peg at a time by a force that is clearly there but unseeable.

You are certainly not alone. Understanding the concept of having a positive expectation over a large enough sample of trades and that individule trades really don't matter as long as you follow your rules is something most 5th graders can absorb intelectually pretty quickly. Yet absorbing that...

It was really a no brainer. The nicknames alone told me all I needed to know. Some time later when I ran the names by a friend of mine who was an attorney with a Federal Organized Crime Strike Force he was amazed that any of them knew what a security was.

I sold my interest in the all three firms to my partner in late 1979. He was more in a rush than I was to "make it big". As a New Yorker I was never adverse to cutting a corner here and there yet I did not believe that we could do business with organized crime and emerge unscathed. He was...

In house help. In house only even in the civilized world.

Thanks RN. My template for this type of thinking goes back to when I was in somewhat more structured businesses that required staff. Contrary to what many seem to believe I found that if you took the hiring process seriously -- after all trusting others with aspects of your business and...

However you absorb the point best is how you should view it. Assuming of course you think the point itself is worthwhile.

Yes ... they have confidence TODAY. You are correct having that single precious element can, and frequently does, outweigh not only every other element but the aggragate of all other elements. Yet, like many intangibles, confidence is fragile. And, in an instant, you can be in the position...

I think it is easier to unionize when the employees are locked in a building that is a fire trap -- as in the Triangle Shirtwaist Factory. You are correct that collective bargaing was but one piece of the puzzle and many of the other pieces are today moot. OK ... you think collective...

Can you square your last post and this statement you made yesterday? "Unions had a different purpose in the early days of our industrial revolution, but now they're mostly about greed" So collective bargaining was OK 100 years ago but it is now not legitimate? Unions have always demaned...

The unions in this country today are as useless as tits on a bull both for their members and society; you'll get no argument from me on that point. But when you say they are all about greed -- which is largely an accurate statement -- how does that differentiate unions from most of our society...

Persistence is doing something again and again in the hope you will have some success. Tenacity is using new data to make new decisions to find new pathways to find new ways to achieve a goal when the old ways didn't work. Telemarketers are persistent, Nike is tenacious.