Re: Drill Now for oil

On Jun 25, 11:36�am, John Larkin
<jjlar...@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:
On Wed, 25 Jun 2008 07:54:20 -0700 (PDT), mpm <mpmill...@xxxxxxx>
wrote:

On Jun 25, 1:13?am, John Larkin
<jjlar...@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

If you'd take the million dollars, you are greedy.

The reason you can't be that greedy is because there are still lots of
'66 Beetles around; that's competition.

Your argument here, and the analogy you present are both EXTREMELY
weak.

No, it's precisely how life works.

I could accept the money without being greedy. �For example, I could
turn around and give the money to charity. �- or a whole host of other
possibilities.

The point is moot. You inclination to be greedy is dampened by the
market. In fact, it would never occurr to you that the rustbucket was
worth much, so the competition kept you from getting greedy in the
first place.

That's how it works.



Making a prudent business decision does not necessarily equate to
greed.

A business has to maximize profit to survive. Use whatever word you
like to describe that process.

Greed is more like an emotional state of being.

Using your premise, a greedy person might holdout for two million, and
then want continued rights to use the vehicle post-sale, and might
also want first right of refusal if you tried to sell it to someone
else (at half the original purchase price). � That's greed.

No, that stupidity if the best offer is one million.

Which offer would you take, the $1M or the better one?



The statement that comptition moderates greed is false.
Swap the words "'66 Beelte" for something that truly is one of a kind
(say, the Mona Lisa), and run through your 'argument' again. �You will
then see that you have only one opportunity to profit, so it would be
a prudent business decision to maximize your return, not necessarily
greed!

Playing with words again. The result is the same.



To use your way of thinking, all prudent business decisions would have
to be based on greed - which is an obviously ridiculous position. �The
counter argument (as I mentioned before and which evidently fell on
deaf ears - as did the definition of 'greed') is that the high dollar
sale is justified by A) uniqueness of the item, B) lack of future
opportunity to profit on the sale - i.e., you only have one to sell,
and C) the alternative of selling the '66 Beelte at $700 to some other
prospective purchaser would also fail to satisfy the proposition that
competition "moderates" greed and profits.

You're going down in flames on this one.... �Best to quit now.

I run a business that profits and survives; I design things, price
things, build them, and sell them. I know how this game works.

John

Yawn....
.

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