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To: maui_hawaii, LarryLied
"Thats about like saying, 'people paid $125 per share of dogwalker.com, and hence, they have good revenues..."

There seems to be a quite common phenomenon, though rarely commented upon, which seems in some ways the reverse of "Buyer's Remorse", to wit—"I paid a lot of money for it, therefore it must be the best money can buy."

The British were once artists in this direction, palming off some of the ugliest and most uncomfortable suits in all creation largely by exclusiveness and high price tags. So too with some of their automobiles.

Many in the Pentagon have learned the same lesson.

It's also a tried and true formula, I have observed, for some golf courses and shotguns, much modern art, and suburban development.

I suppose deep down it's related to Veblen's observations on conspicuous consumption, and explains, in part, Galbraith's success in convincing many corporate do-nothings that their existence was self-justified, and absolutely at the cutting edge of his new corporate "economics", hehe.

Best regards. Hop.

13 posted on 05/07/2002 12:03:17 PM PDT by Hopalong
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To: Hopalong
Re: #13

The difference between an ugly suit and these guys who overly invest in the afore mentioned pyramid scheme, is that the latter requires towing the CCP line... also, want it or not being overly leveraged into China can (and very well may) come back and bite them on the @ss...

The only thing you rely on from an ugly suit is to be in vogue, but nothing essential...

Those corporate GE types are getting greedy, and end the end that greed is going to exact revenge on them. Right now they are trying to walk the fine line in between cake consumption and cake preservation....

17 posted on 05/07/2002 4:53:30 PM PDT by maui_hawaii
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