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To: Alberta's Child

I think doing business of any kind can be fraught with unforseen pitfalls. the banks have (effectively) infinite pockets and (effectively) infinitely good memory and experience. OTOH, we humans all start from zero, which makes the human experience in contrast to the corporate experience a learning experience. I would imagine that coming up the speed of the banks from a standing start could be challenging for you, me, and anyone (including Trump). IIRC some founding fathers, including presidents (eg Jefferson) either died penniless, or came close to it. Yet few would dispute that they accomplished a lot for the good of most if not all.

In pioneer days, people would not infrequently go bankrupt, then they would simply start over (perhaps moving to another state and/or changing careers), and amass an even larger fortune. This could happen multiple times. Often the better persons would then honor their debts. It was a pioneer spirit. It was a part of existence in those days. For better or otherwise, Trump seems to have part of that pioneer spirit in him.


17 posted on 01/29/2016 11:19:44 AM PST by SteveH
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To: Alberta's Child

... to continue the thought, in contemporary times we constantly seem to complain about a lack of good choices. Good choices come from the hard work of exceptional leaders. Exceptional leaders are risk takers. The trend in contemporary society is to be increasingly risk-averse. This risk aversion is enforced by small armies of bank accountants and bank lawyers. Therefore the efforts of society through accountants and lawyers counteract the type of leaders we seem to desire. In the long run, we deserve the leaders we get. We cannot have a risk averse society and make forward progress. Banks express society’s aversion to risk via their loan policies to businesses.


21 posted on 01/29/2016 11:27:12 AM PST by SteveH
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To: SteveH

Business is the art of making irrevocable decisions
based on insufficient information. It’s not for sissies.


27 posted on 01/29/2016 11:40:40 AM PST by sparklite2 ( "The white man is the Jew of Liberal Fascism." -Jonah Goldberg)
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