From CEO to pizza delivery driver
- Thread starter Roman Candle
- Start date
This is a family who looks like never lived in lower income or poverty when they were children. So they live a fantasy that nothing can happen to them, and they live without fear of failure. If they understood anything about not having money, than his business plan would think about worst case happening. He would be prepared for if he lost all income, and would survive easily. He made one big bet with most of his capital, and lost.
My guess to why he would go on tv and show his faults is how easy it is in America to make big money from tv for reality shows.
My guess to why he would go on tv and show his faults is how easy it is in America to make big money from tv for reality shows.
I'm sorry , I don't dream much about being a pompous gasbag.
Seems you have that niche well covered though.
LOL, before everyone jumps on Sushi, I have to say that in many aspects of life, "luck" does play a large factor.
But when it comes to mangaging a business, particuarly one like trading where the inventory is essentially the capital you have to trade with, I would have to say "not true, not true at all".
As a matter of fact, the same goes for all other aspects of life, from relationships, to accomplishing goals, even to having friends and the right people in your life. You might "get lucky", but if you don't do the work (and by association, possess the correct skillset and knowledebase) to continue to maintain what good fortune has brought you, then you're gonna be deliverying pizzas for a living or eating at the local soup kitchen.
And for the record ... the "good luck" part of this guy's equation was the job, the wife and the kids! :eek:
I told everyone here in my 'Get The Hell Out Part IV; A Storm Is About To Hit' thread that my contact, who is in the inner circle, told me that banks are deciding not to institute foreclosure proceeding on hundreds of thousands of homes, as they don't want to take the house back, and sit on it in a terrible market, while they have to pay massive non-homestead taxes, maintenance, insurance and utilities on them (water and heat, especially, or problems can occur).
They have thousands of files pouring in each month, from homes in million dollar+ neighborhoods, to amusement parks, to malls, to industrial/factory sites and RV Parks.
The banks are paralyzed. They literally don't know how to proceed. This is one reason many who accessed TARP Funds agreed to a 90 day moratorium on foreclosures - they didn't want to process more foreclosures anyways.
They can only delay the inevitable for so long, though. And what's happening now is akin to a flood building up behind a massive dam.
Just wait until 6 months, 12 months, 18 months from now...you guys aren't going to believe how bad things will get.
Bernanke's a moron, also, because all he is doing is artificially propping up the banks' ability to delay the painful but necessary liquidation that needs to take place - the fire sale at any price to cash buyers - every time he floods the banks with tax dollars used to purchase the truly toxic portion of parts of their shitty inventory base - this is what 750 billion out of the 1.25 trillion he spent this past Tuesday went towards (the fed even broadened the category of types and grades of assets that can be purchased under TARP and made the standards even shittier).
You clearly don't know how this works. First of all, you can't just plunk down your money and buy one. They have to accept you and you have to go through a huge series of wickets involving a lot of time, education and work. Second, McDonald's chooses how many restaurants there are and where they go based on proprietary models. Finally, if you've ever looked at the stats it's about the closest thing to a sure success there is.
