From: gts (gts@optexinc.com)
Date: Mon Sep 16 2002 - 20:13:19 MDT
Dan,
gts wrote:
>> Unlike investments in collectibles, investments in corporations
>> represent a real interest in the real assets and real
>> profits of real companies. Unlike collectible items like gum
>> certificates, corporations really do make profits in this world,
>> measured in dollars and cents and spendable at your local grocery
store.
>
> I wish you'd stop saying "represent" but would instead say things like
> "give access to". The difference is subtle, but crucial. :)
The difference is subtle and crucial to your false arguments, you mean.
:)
> Again, in the gum certificates, the broker could have claimed
> that the gum certificates "represent" the relevant bank assets.
What relevant "bank assets"? The bank would be holding the actual gum
certificates on behalf of investors. If not, then the gum certificates
have already been sold and the bank is holding and selling cash, in
which case your scenario does not exist.
> Amen brother! :)
<nod> :)
-gts
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