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Re: The Great Pumpkin post# 39613

Sunday, 08/26/2018 9:26:36 AM

Sunday, August 26, 2018 9:26:36 AM

Post# of 189204
The Great Pumpkin,

The world is awash with cash.

Depends mostly on where you live. Flash floods in a desert are terrifying and very destructive though water in such a location can be more valuable than gold.

A reporter was surprised by an encampment of SUV's in an unlikely location. He discovered it was middle-aged remainders from the Great Recession who had lost nearly everything but their SUV's that were now their homes parked near a Wal-Mart offering temporary subsistence wages to even some former CEO's of formerly prosperous companies but obviously not major banks.

If this company has what it says it has, then why hasn’t there ever been any real money behind them.

When was there ever a flood of money supporting truly disruptive [in today's idiom] technology? I have told too often about a man making himself an early billionaire buying penny optical cable stocks when lasers were so new that people in our lab most directly occupied with the lasers had mandatory weekly eye examinations. All the stocks were unprofitable. The fellow simply bought shares in all of them, including those in bankruptcy, since he had no technical expertise nor advisors he trusted to differentiate.

I think LWLG will finally fulfill long ago dreams from that period but it is not a given. The cutting edge mostly cuts.

JMO.

Best, Terry

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