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UNITED AIR LINES TO LAY OFF 950 PILOTS
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#22
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote:
Nomen Nescio writes: Do you consider the deed to my house to be "worthless paper"? The house is worth something, the deed may or may not be. The dollar value of my house has dropped over 10% in the last year. But it's still able to sell for 3 times what I paid for it. And, in the end, it's still REALLY worth EXACTLY what I bought........... ONE HOUSE. It was worth one house when I moved in, it's worth one house now. That's the house, not the paper. The paper legally represents the ownership of the house. Anyone who considers futures contracts to be "worthless paper" is an idiot. They're only considered "worthless" by people who are on the wrong side of the trade. In every single trade, there is someone on the "wrong side," so 50% of those trading must consider it worthless. Thus, it's no more than the flip of a coin ... gambling, in other words. Wrong again. In the end the ultimate seller may make a profit or a loss on the sale of the future, but the future almost never becomes worthless. In trading futures one can influence the outcome and minimize the risks by knowing what one is doing. In gambling, about the only way to influence the outcome is to count cards at games like blackjack, which isn't allowed in most casinos. -- Jim Pennino Remove .spam.sux to reply. |
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote:
writes: Pretty well, which is why it is a goal for most companies, not just airlines. Fewer flights increases utilization of assets? Examples? I take back everything I ever said about you being intelligent but a social incompetent. You are dumb and socially incompetent. Here's an example so simple even you should be able to understand it: Instead of making 2 flights at 50% capacity, you make 1 at 100%. Of course it would have probably helped if you knew what "utilization of assets" means. -- Jim Pennino Remove .spam.sux to reply. |
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UNITED AIR LINES TO LAY OFF 950 PILOTS
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UNITED AIR LINES TO LAY OFF 950 PILOTS
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#26
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote in
: writes: The paper legally represents the ownership of the house. Unless someone else decides to seize it. In the end the ultimate seller may make a profit or a loss on the sale of the future, but the future almost never becomes worthless. For every profit, there is a loss. In your world... Bertie |
#27
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote:
writes: The paper legally represents the ownership of the house. Unless someone else decides to seize it. In the end the ultimate seller may make a profit or a loss on the sale of the future, but the future almost never becomes worthless. For every profit, there is a loss. Wrong and utterly childish. For commodities it means the original seller may make a smaller or larger profit than if the commodities weren't promised as futures. There is no "loss". In trading futures one can influence the outcome and minimize the risks by knowing what one is doing. Famous last words. And proven on a daily basis. In gambling, about the only way to influence the outcome is to count cards at games like blackjack, which isn't allowed in most casinos. It works better than playing financial markets. Perhaps for you luck has a better ROI than skill. -- Jim Pennino Remove .spam.sux to reply. |
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UNITED AIR LINES TO LAY OFF 950 PILOTS
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#29
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote:
writes: Here's an example so simple even you should be able to understand it: Instead of making 2 flights at 50% capacity, you make 1 at 100%. When did capacity enter the picture? Like I said, it would help if you knew what "utilization of assets" means. Maybe you could beg up a book on basic business on Amazon. -- Jim Pennino Remove .spam.sux to reply. |
#30
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote in
news writes: Perhaps for you luck has a better ROI than skill. I've learned not to rely on luck. Obviously it's never going to compete with begging Bertie |
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