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OBE

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Alias Born 08/01/2013

OBE

Re: Forever Long post# 25052

Thursday, 07/21/2016 7:59:42 AM

Thursday, July 21, 2016 7:59:42 AM

Post# of 36208
I was trading mainly Options in 2007 2008,

indulge me for a moment, if I can't relate the story with complete accuracy:

All of my positions expired worthless which sent me into a psychological tail-spin, from which it took me almost two years to recover.

But my recollection is of one of the major US auto companies, I think it was GM, which needed a government bailout to survive. One year later they filed an earnings report showing them back-in-the-black!

I asked myself, how-in-the-world could a corporation, that large, go from insolvency, to an every-thing's-alright spreadsheet from one year to the next?

I think it's the stuff CPAs do!

"Man cannot discover new oceans unless he has the courage to lose sight of the shore." ...Andre Gide

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