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Vegas & The Aftermath - Diary
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Topic: Vegas & The Aftermath - Diary (Read 7834351 times)
TightEnd
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Re: Vegas & The Aftermath - Diary
«
Reply #25140 on:
January 17, 2012, 07:10:35 PM »
news currently running the tapes. The transcripts are accurate. Amazing stuff.
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25141 on:
January 17, 2012, 07:35:31 PM »
Quote from: gatso on January 17, 2012, 03:18:04 PM
Quote from: tikay on January 17, 2012, 02:42:24 PM
The more I see photos of that cruise tragedy, the more surreal it seems, it was incredibly close to the shore.
didn't he drive the boat to the shore after he hit the rock further out?
Possibly, gatters, I have heard so many different reports, nothing is making much sense to me. If I have maligned the poor chaps good name, my apologies.
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25142 on:
January 17, 2012, 07:39:56 PM »
Quote from: byronkincaid on January 17, 2012, 05:18:54 PM
Quote
They have responsibilities to all those things, yes - but their greatest responsibility is to deliver enhanced value to their shareholders. It is that, above all, by which they will be judged. That is their absolute duty, (within the law, of course), & far & away their greatest priority.
This article is quite long, probably applies to the US more than the UK and is no doubt somewhat OTT but I did find it quite interesting. Be interested in your thoughts if you get the chance to read it.
This quote probably sums it up
Quote
Although Jack Welch was seen during his tenure as CEO of GE as the heroic exemplar of maximizing shareholder value, he came to be one of its strongest critics. On March 12, 2009, he gave an interview with Francesco Guerrera of the Financial Times and said, “On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy… your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal. … Short-term profits should be allied with an increase in the long-term value of a company.”
http://www.forbes.com/sites/stevedenning/2011/11/28/maximizing-shareholder-value-the-dumbest-idea-in-the-world/
I'll take a look tomorrow, Byron.
I read Jack Welch's bio, he was quite some guy, & he built GE into one of THE great powerhouse companies in the USA, & they are involved in a very wide range of activities, rather like a conglomerate, which is unusual in a world of specialisation.
The piece you quote is sort of self-fulfilling though, do those things & enhanced shareholder value usually follows.
Sounds like an interesting article!
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25143 on:
January 17, 2012, 07:40:58 PM »
Quote from: mondatoo on January 17, 2012, 06:48:30 PM
I'm pretty confused about the lifeboat discussion thread after seeing the pics.
Specifically as to what, Ray?
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25144 on:
January 17, 2012, 07:43:10 PM »
Quote from: TightEnd on January 17, 2012, 07:10:35 PM
news currently running the tapes. The transcripts are accurate. Amazing stuff.
Just heard that on R4, via a translator. Curiosier & curiosier.
Does a Coastguard have the authority to order a Captain to return to his vessel? It seemed that way.
A very odd thing indeed.
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25145 on:
January 17, 2012, 07:48:53 PM »
Quote from: Doobs on January 16, 2012, 09:52:05 PM
I choose to self invest rather than rely on fund managers. I'd rather
use my superior investment knowledge
screw things up myself.
If you want to pick and choose there are outfits like this for your ISA
https://www.idealing.com/
and this for your pension
http://www.sippdeal.co.uk/
No connection with either, other than a customer of one and about to switch to the other.
Chances are you will find something to object to with every company.
Thinking of my big holdings
BP - big gulf of mexico polluter, dodgy russian dealings and destroyer of the Alaskan wilderness
Shell - exploiters of the citizens of the Nigel Delta
Vodafone - recent famous tax evaders
Multiple Banks - enough said
Kazakhmys - mining in a country with serious human rights issues
and yep, I do the animal testing drug companies too
Tesco can look like saints in amongst this lot.
Oblig. investment comment, Sainsbury's has been performing much better recently, but it is usually best to invest when companies are out of favour, like Tesco is now. I hold both
Eck is right FWIW.
Thanks for that, doobs. When I saw that list, precisely the same thought occurred to me.
Its a job to know where "ethical investing" starts & finishes, really.
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25146 on:
January 17, 2012, 07:51:14 PM »
Quote from: Geo the Sarge on January 16, 2012, 10:10:07 PM
Quote from: Doobs on January 16, 2012, 09:52:05 PM
I choose to self invest rather than rely on fund managers. I'd rather
use my superior investment knowledge
screw things up myself.
If you want to pick and choose there are outfits like this for your ISA
https://www.idealing.com/
and this for your pension
http://www.sippdeal.co.uk/
No connection with either, other than a customer of one and about to switch to the other.
Chances are you will find something to object to with every company.
Thinking of my big holdings
BP - big gulf of mexico polluter, dodgy russian dealings and destroyer of the Alaskan wilderness
Shell - exploiters of the citizens of the Nigel Delta
Vodafone - recent famous tax evaders
Multiple Banks - enough said
Kazakhmys - mining in a country with serious human rights issues
and yep, I do the animal testing drug companies too
Tesco can look like saints in amongst this lot.
Oblig. investment comment, Sainsbury's has been performing much better recently, but it is usually best to invest when companies are out of favour, like Tesco is now. I hold both
Eck is right FWIW.
Thanks Doobs,
I take the self invest option too.
Unfortunately there are many others who don't take enough ownership of their investments and end up losing quite a bit having to pay advisers simply because they think it is too difficult when in fact it has never been easier.
FWIW I don't rely on ethics when choosing my options either.
Geo
Wise decision. The big funds essentially, by buying lumps of the major FTSE constituents, essentially just track the Index, either directly, or via derivatives. It'd be pretty poor investing if we could not improve upon that.
What do you mean "I don't rely on ethics when investing"?
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25147 on:
January 17, 2012, 07:55:49 PM »
Quote from: rex008 on January 16, 2012, 04:17:49 PM
Quote from: tikay on January 16, 2012, 03:02:51 PM
I cannot, off the top of my head, think of any successful busineses that I despise, but maybe there are a few. "Despise" is not a natural mindset to me, & the whole "I hate Tesco" thing completely whooshes me. Its probably best left there, the meeting of minds will never occur.
You frequently express a dislike for Virgin, IIRC. Be hard to deny that Branson has been a fairly successful businessman.
Hard to prove it, too, his Company Accounts are an object lesson in obfuscation, which is rarely a good sign.
He reminds me very much of Robert Maxwell.
His Virgin empire is very oddly structured, too. In many cases - Virgin Trains, Virgin Atlantic, for example, Virgin "only" own 51%, with the trading partner running the business, though that in itself is no bad thing, if you have access to better Management or wiser counsel, why not use it?
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Geo the Sarge
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Re: Vegas & The Aftermath - Diary
«
Reply #25148 on:
January 17, 2012, 08:22:34 PM »
Quote from: tikay on January 17, 2012, 07:51:14 PM
Quote from: Geo the Sarge on January 16, 2012, 10:10:07 PM
Quote from: Doobs on January 16, 2012, 09:52:05 PM
I choose to self invest rather than rely on fund managers. I'd rather
use my superior investment knowledge
screw things up myself.
If you want to pick and choose there are outfits like this for your ISA
https://www.idealing.com/
and this for your pension
http://www.sippdeal.co.uk/
No connection with either, other than a customer of one and about to switch to the other.
Chances are you will find something to object to with every company.
Thinking of my big holdings
BP - big gulf of mexico polluter, dodgy russian dealings and destroyer of the Alaskan wilderness
Shell - exploiters of the citizens of the Nigel Delta
Vodafone - recent famous tax evaders
Multiple Banks - enough said
Kazakhmys - mining in a country with serious human rights issues
and yep, I do the animal testing drug companies too
Tesco can look like saints in amongst this lot.
Oblig. investment comment, Sainsbury's has been performing much better recently, but it is usually best to invest when companies are out of favour, like Tesco is now. I hold both
Eck is right FWIW.
Thanks Doobs,
I take the self invest option too.
Unfortunately there are many others who don't take enough ownership of their investments and end up losing quite a bit having to pay advisers simply because they think it is too difficult when in fact it has never been easier.
FWIW I don't rely on ethics when choosing my options either.
Geo
Wise decision. The big funds essentially, by buying lumps of the major FTSE constituents, essentially just track the Index, either directly, or via derivatives. It'd be pretty poor investing if we could not improve upon that.
What do you mean "I don't rely on ethics when investing"?
I try to choose portfolios that are performing well regardless what type of companies. I've never been the green eco type. With so many conflicts constantly going on in the world some say the more reliable investsments are usually in companies involved in arms and amunitions and medical supplies
Geo
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25149 on:
January 17, 2012, 08:30:52 PM »
The alleged transcript between the Coastguard & the Captain.
http://audioboo.fm/boos/627323-coastguard-tells-captain-to-return-to-ship#t=1m50s
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25150 on:
January 17, 2012, 08:55:15 PM »
Anyone got the real background to the internet connectivity problems oday? Huge swathes of the UK Internet were inaccessible.
The original problem was via Virgin Media, but it was more widespread than that, though that may be due to commonality of servers or somesuch.
Quite an outage, it seems.
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25151 on:
January 17, 2012, 08:56:18 PM »
I just saw this message.......
Virgin have issued this statement- All users who have accessed the websites youp*rn.com or livejasmine.com ,have had their internet access limited due to these websites accessing personal data such as credit card details,creating accounts then billing them..
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Ricardov83
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Posts: 226
Re: Vegas & The Aftermath - Diary
«
Reply #25152 on:
January 17, 2012, 11:46:17 PM »
Quote from: tikay on January 17, 2012, 08:56:18 PM
I just saw this message.......
Virgin have issued this statement- All users who have accessed the websites youp*rn.com or livejasmine.com ,have had their internet access limited due to these websites accessing personal data such as credit card details,creating accounts then billing them..
Oh shit...
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tikay
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Re: Vegas & The Aftermath - Diary
«
Reply #25153 on:
January 17, 2012, 11:49:54 PM »
Just watching Flushy own the Matchroom thing on TV. I think Luke must have been on something, he was hyper like a kid at Christmas, jeez, he never stopped. Excited, I guess.
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RED-DOG
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Re: Vegas & The Aftermath - Diary
«
Reply #25154 on:
January 18, 2012, 12:10:56 AM »
Quote from: tikay on January 17, 2012, 08:30:52 PM
The alleged transcript between the Coastguard & the Captain.
http://audioboo.fm/boos/627323-coastguard-tells-captain-to-return-to-ship#t=1m50s
Feel free to pop over to my diary if you feel the need to pilfer more topics.
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