Karl is mentally and I too am glad I do not know him.....he seems like a trust fund kid who has never had a job, to be honest.
lol. You're using logical fallacy to attempt to prove your point. Your friend's result was directly attributable to the decisions he made or didn't make. You cannot argue that. When faced with challenges he made the wrong decisions, or didn't make the correct ones soon enough, any number of perhaps a thousand other possibilities. As I said earlier, I'm self-employed. I would love to talk about why GM failed. Start a thread on it and I'll contribute to it.
I've worked for large companies in the past. What part of "self-employed" is so difficult for you to grasp?
I've changed my mind. Karl's original statement was that the only businesses going bankrupt were one's making poor decisions. His subsequent antagonistic remarks and dedication to replying to each and every rebuttal leads me to think he's just plain bored. He knows better, he's just fucking with everyone. That's okay. I do that too. Now, Anaconda disappoints me. He sounds truly convinced. I have read some of his posts in the past and find him interesting at times. Not this time. Karl, weren't you shorting GOOG about a year ago? I could be thinking of someone else. I haven't the time nor the inclination to look it up.
Yeah I was synthetically short google and made a good amount. I have a thread with my entries and exists if you get board.
Excuse you? How am I "mean"? Just because you don't agree with my opinions hardly qualifies you as a character judge.
Karl I don't know of any business that knows what there gross or net income will be for the next 7 years. Do you?
No. What does that have to do with anything? My comment related to there being no difference between 74 months or 84 months worth of revenue, from a planning/decision perspective. Taken out of context like that the comment is silly - you need the whole paragraph before it. edit: re-reading my paragraph "prudent" should probably have been "relevant".
I thought that was the point of your comment that they need the complete amount of the lease payments in reserve or in guaranteed payments. I guess I don't know what your point is.