Stop stammering & release your returns!

[Dozyproductions]

Fact taken from a UCSC study: The top 20% of Americans controlled 93% of the net worth in this country.

haha, so true. It doesn't go with ideology of some the people on this board though.

IEven if he was a corporate raider (which he's not)

honest question, how wasn't he?

[gwb72tii]

study what private equity is all about
its about putting your own skin in the game, your own money, and trying to make a company more profitable which is not just laying people off. private equity can be active or passive. it is extremely risky, illiquid, and usually results in many more losers than winners. the winners though usually are BIG winners, like Staples which Bain bankrolled.
romney graduated in the top 5% of Harvard Business School. He's a smart guy and its not his fault he's smart and successful. his success used to be admired, until obama and the democrats decided its a political wedge issue.
its bullshit IMHO.

and Jim, most here really do their homework on issues, some are trolls, but most believe what they say, even if they're wrong ha ha like herbivore.

and everyone else, jim is a good guy so lighten up

[Dozyproductions]

study what private equity is all about
its about putting your own skin in the game, your own money, and trying to make a company more profitable which is not just laying people off. private equity can be active or passive. it is extremely risky, illiquid, and usually results in many more losers than winners. the winners though usually are BIG winners, like Staples which Bain bankrolled.
romney graduated in the top 5% of Harvard Business School. He's a smart guy and its not his fault he's smart and successful. his success used to be admired, until obama and the democrats decided its a political wedge issue.
its bullshit IMHO.

No doubt that Romney is smart but where did you make the leap between corporate raiding and envying him? I was under the impression that this type of business practice was never looked upon as honest business so how is it that all of a sudden being used as a 'wedge'?

[gwb72tii]

Its not raiding. Its investing in underperforming companies and trying to make them better.

That is not raiding. And no its not envy. This is in my line of business.

Its as honest as the day is long. It is no different than you or i buying a company on our own, its just on a bigger basis

Raiding is all about buying assets and selling them for a profit. Private equity is about making money buy improving a business and then selling the business or taking the company public.

[e30e]

I am going to bail. This isn't a discussion. You guys can agree with eachother, you don't need me.

So your going to stamp your feet and go back to your corner? Good, if you don't address multiple posts directed at you, regardless of your opinion you come off like a childish troll. You don't like people not agreeing with you then don't post. I don't agree with half the people in this thread but I don't troll them, waste posts ignoring people, or act like a child. Grow up or get out.

[Dozyproductions]

Its not raiding. Its investing in underperforming companies and trying to make them better.

That is not raiding. And no its not envy. This is in my line of business.

Its as honest as the day is long. It is no different than you or i buying a company on our own, its just on a bigger basis

Raiding is all about buying assets and selling them for a profit. Private equity is about making money buy improving a business and then selling the business or taking the company public.

So you can admit to your own bias. If all examples of corporate raiding could be defined as 'improving a business' then I could believe you but you know equally as well that it's not the case.

Corporate raiding's inception was driven by greed and not for the wholesome improvement of a company.

[joshh]

So you can admit to your own bias. If all examples of corporate raiding could be defined as 'improving a business' then I could believe you but you know equally as well that it's not the case.

Corporate raiding's inception was driven by greed and not for the wholesome improvement of a company.

What does it matter what it was driven by as long as the company was turned around and jobs were saved/created?

[z31maniac]

In reply to Dozyproductions:

Do you have specific numbers on jobs lost vs jobs created? Or how many companies Romney turned around vs bankrupted.

Or are you just filled conjecture on the issue?

[750]

I normally stay out of political pissing matches. Personally, they are all a bunch of crooks. However, I could not resist responding to a fact that was posted on here and I have seen popping up all over the place.



Fact taken from a UCSC study: The top 20% of Americans controlled 93% of the net worth in this country. (http://www.ucsc.edu/whorulesamerica/power/wealth.html)

BS. Most of the the wealth in the US is in the hands of/and controlled by average us citizens. Who dose not have a 401k, 403b, or other type of retirement fund. Which still dose not take into account the number of people who have there own stock portfolio. Then you want to get into land ownership, and small to mid size business. While the effect is spread over millions of people there is no way 20% control 93%. Just look at where the study was done USCS. Agenda driven.(and no shock the link has been taken off the USCS page)

[gwb72tii]

So you can admit to your own bias. If all examples of corporate raiding could be defined as 'improving a business' then I could believe you but you know equally as well that it's not the case.

Corporate raiding's inception was driven by greed and not for the wholesome improvement of a company.

indeed the corporate takeover game was started because of lazy corporate management that sat on assets that benifited nobody, and some smart people figured hey, if you divide and sell the pieces you get more than the stock says the company is worth. leveraged buyouts. this game was started because of stupid, lazy corporate management. and this still goes on today i suppose where the buyer really doesn't care about the companies or its workers, just a return on investment.

this is not private equity, as i have tried to explain. you apparently have a bias against romney, wall street, those that are smarter than you, or those that have taken huge risk and been rewarded for it.

[Dozyproductions]

What does it matter what it was driven by as long as the company was turned around and jobs were saved/created?

In reply to Dozyproductions:

That's what I want to know though! Can you say that 100% of the raids turned a business around and created jobs?

Or are you just filled conjecture on the issue?

Merely asking questions that you two still have not answered.

this is not private equity, as i have tried to explain. you apparently have a bias against romney, wall street, those that are smarter than you, or those that have taken huge risk and been rewarded for it.

Ill admit, I'm a 24 year old college student and in no ways can I talk about this stuff with an overwhelming air of confidence but just because people hold more knowledge than me over certain things in no ways makes them smarter. Thats just being abrasive for its own sake.

So in my questions, was Romney not a raider that ruined companies? Isn't the speculative nature of wallstreet corrupt? Isn't the name of the game to a lot of these people making money without the creation anything new? Please don't see what I've been saying to you as an attack on you just merely me wanting to know more. I think that we all are so use to just yelling at each other in this forum that such an approach is usually conceived of last. So in this I apologize.

Like with light, it will travel the shortest distance to get from point A to B and so will people to try to get from rags to riches. But there is something in between that process that relies on the inherent human irrationality in which we can make us so easily forgo what us human. I am for free markets but I also acknowledge that any extremity in any spectrum never yields good results. The balance to that is minimal but healthy regulation and not the joke of a system we have now that is written by corporations to give them an un even playing field. Just ask Monsanto.

[Dozyproductions]

BS. Most of the the wealth in the US is in the hands of/and controlled by average us citizens. Who dose not have a 401k, 403b, or other type of retirement fund. Which still dose not take into account the number of people who have there own stock portfolio. Then you want to get into land ownership, and small to mid size business. While the effect is spread over millions of people there is no way 20% control 93%. Just look at where the study was done USCS. Agenda driven.(and no shock the link has been taken off the USCS page)

What you're missing I think is perspective.

[z31maniac]

So in my questions, was Romney not a raider that ruined companies?

See, your question uses a false premise.

You would have to show that Romney bankrupted more companies than he saved, and lost more jobs than he created for your premise to be true.

Hence MY question of, do you have actual numbers?

(I believe in something like 97 deals, only 15 resulted in bankruptcy, but I would have to double-check that).

[z31maniac]

Oh and Denker, he's releasing his returns tomorrow.

[Dozyproductions]

See, your question uses a false premise.

You would have to show that Romney bankrupted more companies than he saved, and lost more jobs than he created for your premise to be true.

Hence MY question of, do you have actual numbers?

(I believe in something like 97 deals, only 15 resulted in bankruptcy, but I would have to double-check that).

Premise would mean argument while I've been trying to ask questions. If that was not made clear than I'm sorry, english isn't my first language ;) . In the mean time I will also try to find that stuff out.