Thunderbird is an energy waster

[BillW50]

Re: Anybody Know What Happened To Barry Watzman?

In
news:55f1e481-a821-4789-8837-7a949cdc54b5@l8g2000yql.googlegroups.com,
Bob Villa typed on Mon, 18 Oct 2010 17:45:48 -0700 (PDT):
> On Oct 18, 6:59 pm, "BillW50" <Bill...@aol.kom> wrote:
>> Are you sure? If you work very hard all of your life and expect and
>> promised so much back in return and somebody steals it all away from
>> you... well I don't think you can blame Barry now really and let the
>> others who caused it all to go scot free. As that would be all wrong!
>
> I understand Barry was your idle, but guess what...HE made a wrong
> decision and you need to accept that.

No, me and Barry disagreed a lot. But it was mostly about being
nitpicky. Although I agreed with his judgment about most things (usually
I don't say so and neither did he). Even still with every post, I felt
Barry was going to say something about what I said. But luckily he left
most alone (maybe he felt the same way about me as I did about him).
Even so, I still have deep respect for Barry even though we didn't
always agree. And I still think Barry was a wonderful and smart man.

--
Bill
Gateway MX6124 ('06 era) 1 of 3 - Windows XP SP2

 

[Bob Villa]

Re: Anybody Know What Happened To Barry Watzman?

On Oct 18, 8:02 pm, "BillW50" <Bill...@aol.kom> wrote:

> Even so, I still have deep respect for Barry even though we didn't
> always agree. And I still think Barry was a wonderful and smart man.
>
> --
> Bill
> Gateway MX6124 ('06 era) 1 of 3 - Windows XP SP2

That is very evident. I remember him...but did not know him. May he
rest in peace.

 

[AJL]

Re: Anybody Know What Happened To Barry Watzman?

"BillW50" <BillW50@aol.kom> wrote:

>If you really want to make a safe investment, those payday loan places
>make up to 200% annually off of their money.

Investing in any *one* business is not a safe investment. Heck, even a
monster sized company like General Motors can fail. Who would have
thought...

>What bothers me the worst is those people who use those payday loans are
>living by the skin of their teeth. And they are the least able to afford
>such high interest rates.

Credit card companies do the same thing. But nobody is putting a gun
to their head forcing them to take out a payday loan or excessively
charge up their credit cards. There appears to be no such thing as
personal responsibility anymore, it's always someone else's fault...

>Lots of diversified stocks have gone south.

That makes no sense. There is no such thing as a diversified stock. If
you mean a diversified portfolio, then yes depending on your stock mix
you can lose money. But generally having a diversified portfolio is
much safer than putting all your money in one stock.

>And lots of people who trusted people to handle their retirement
>has lost half or even worse.

Yes, I agree that many brokers don't do well. That's why I don't use
one. If I fail I have no one to blame but myself. (I did have some GM
stock and my loss is *my* fault, no one else's.)

>So lots of hard working people who worked most of their lives after the
>carrot on the string ends up with little to nothing.

If they invested their retirement in the stock market then they should
realize that it can go down. I'm sure they (and you) would not be
complaining if the market had continued to go up.

>That is what has caused
>their benefits to drop to nothing, pension plans drop, and lower wages.

Wages are lower and pension plans are failing because there is a
recession and companies are cutting back and trying to survive.

>If you work very hard all of your life and expect and
>promised so much back in return and somebody steals it all away from
>you...

If you mean Barry then you have it quite wrong. Nobody in that company
stole anything from Barry. Bad management or even fraud may have
caused the stock to tank, I don't know, but that has no direct
connection to Barry.

Barry lost his money because he gambled on a single stock and lost. As
the author in that article I linked to said: "At one time Watzman had
racked up more than a million dollars in Rambus profits. But he never
cashed out, hoping instead for an even bigger payday that never came."

Another word of advice often given to novice investors is: You should
never invest more than you can afford to lose. If Barry had just
followed the basics of investing he would probably not have gotten in
trouble. But he wanted the "bigger payday". This very human trait is
why Las Vegas continues to be so successful...

>well I don't think you can blame Barry now really and let the
>others who caused it all to go scot free. As that would be all wrong!

I believe in personal responsibility. There's not much doubt in my
mind who is responsible for this fiasco.