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I would not want to own J P Morgan Chase because shortly after the financial crisis it unilaterally and wrongly changed the servicing terms of one of our credit cards to increase the monthly amount due. This, after we paid a fee for the right to borrow the money under specified terms. Recently, J P Morgan Chase settl...more
Some of the value taxpayers received was that there are thousands of employees who still have jobs and pay taxes. Also, America preserved important manufacturing capacity which in the past proved vital for national defense. Still, I have no desire to own shares of the auto makers because it is obvious to me that they...more
Perhaps we can recognize that bad behavior exists without accepting its display as an endorsement by its creator. Such behavior obviously exists in the world of construction to the point of being a stereotype. Can you imagine if every scene from a television show were interpreted as being an endorsement from the stat...more
I dunno. Steve Jobs came back to a struggling company and led it to be worth hundreds of billions to shareholders and tremendous value to millions of customers. Wouldn't he be worth a few billion?
Interesting. When I look at the brokerage and Traditional IRA accounts held by myself and my wife it does occur to me that there is a big tax liability there, that the true value of the accounts is really only about 70% of what shows up. So, I have been converting funds from Traditional IRAs to Roth IRAs. There are o...more
The Democrats want more and more people to be dependent on the government because they figure people like getting something for nothing and that will get them more votes. But it makes America less competitive with other economies. In the end, this movement toward socialism it hurts us all.
I've met some really nice LAPD officers, they must go to classes on how to be polite. Good for everyone, cops are public servants, they shouldn't act like empowered bullies. Every person deserves dignity and respect.
2/17/2013
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