TRP-related (by me at least)..from a review

[Joe Allonby]

Problems occurr when the value of the stock becomes abstracted from
what it is that the company is supposed to do or make.For example:
many corporate officers receive stock as part of their compensation.
At times, they can increase the value of their holdings by laying off
workers, selling off equipment and property, and closing facilities
and offices regardless of profitability. The resulting boost in net
asset value makes the stock attractive to buyers and the bubble starts
ballooning. When it bursts, the people responsible have already bailed
and moved on.


On Wed, Mar 24, 2010 at 9:45 AM, rich <richard.romeo at gmail.com> wrote:
> I don't think the idea  that public companies can find ways to raise capital
> such as issuing shares is necessarily a bad thing. Proper oversight and
> regulation is what is needed
>
> as much as anarchism is very attractive, all it really amounts to a
> diversion for children with nothing to lose no matter how Pynchon exalts
> them.
>
>
>
>
> On Wed, Mar 24, 2010 at 7:54 AM, Mark Kohut <markekohut at yahoo.com> wrote:
>>
>>     The Big Short by Michael Lewis is "an indictment of shareholder driven
>> capitalism". As soon as partnership was replaced by investor money, it
>> became a casino.
>>
>> I would argue that one of the meanings of the casino (and Vegas in IV?) in
>> AtD is captured in the above....Pynchon satirizes society for losing its
>> human scale most.
>>
>>
>>
>
>