[Milsurplus] Yalta Conference

[Peter Gottlieb]

  Not to diminish it's importance but I believe the lack of inflation 
indexing in the tax code is not nearly as important as the short term 
thinking of the investment community.  It is not just the Wall Street 
guys either, it is every investor who is in it for the short term play.  
It used to be, go invest in blue chip issues and gain over time, but now 
look at the millisecond timed trading.

How about investing in new plant to build business over time?  I am in a 
company right now which did that and took a bath with their stock price 
with all sorts of analysts complaining about how much money was being 
spent.  It's like the expectation is that just by existing a company 
will make them money.

The Japanese (and now more and more the Chinese) are looking out decades 
into the future and planning.  We are stuck arguing about quarterly 
numbers.  Who do you think will be better off in 20, 30, 40 years?


On 11/6/2010 10:12 PM, J. Forster wrote:
> I basically agree, but it's at least partly driven by Wall Street vultures
> and the tax code.
>
> The tax code favors short term thinking because Capital Gains basis is not
> indexed for inflation. This discourages long term thinking.
>
> Given this, Wall Street prefers the quick buck... waiting 5 years or more
> is not an option. They are barely willing to wait 'till the next quarter.
> I've watched small companies fill their loading docks with empty chassis
> just to show quarter over quarter growth.
>
> How long did Sony work on VCRs before they made it big? 10 years? 20? It
> does not happen in the US.
>
> FWIW,
>
> -John
>
> =================
>
>
>
>> I'm probably one of the toughest domestic hard cases there is, only own
>> domestic vehicles more than 20 years old, ham rigs from Collins,  VHF-FM
>> domestic surplus with GLB synthesizers, you get the drift.  But, it goes
>> back to things like this.  Back in the 50s, Philco stubbed their toe on
>> their "Apple" color picture tube, wonderful idea, never were able to
>> manufacture it.  Sony spent the development money and produced their
>> Trinitron, same principles.  No domestic equivalent ever was made.  And it
>> went on like that.  Domestic manufacturers were so focused on the
>> quarterly bottom line, that they lost the ability to compete with
>> constantly improving foreign products.  First Japan, then Korea, now
>> China.  Cheap labor and cheap money always wins.
>>
>> YMMV,
>> George
>> W5VPQ
>>
>> ---------- Original Message ----------
>> From: sdaitch at kuw.ibb.gov
>> To: jfor at quik.com
>> Cc: armyradios at yahoogroups.com, milsurplus at mailman.qth.net
>> Subject: Re: [Milsurplus] Yalta Conference
>> Date: Sat, 06 Nov 2010 22:29:23 +0300
>>
>> I'd bet the $10 million per day is probably a
>> far more realistic cost estimate, but that is
>> 5% of the originally touted number.
>>
>> I suppose we could all stop buying anything
>> made in China, or Japan, or perhaps in the
>> upcoming years, anything made in India, but
>> we won't, will we?  No matter what laws,
>> agreements and trade treaties we have, no
>> manufacturer is forced to move manufacturing
>> operations off-shore.  Having the ability to
>> do so is not the same as being forced to do
>> so.
>>
>> 73
>> SHeldon
>>
>> ____________________________________________________________
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>>
>
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