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Re: Oil Patch Guy post# 10145

Monday, 02/25/2008 12:13:26 AM

Monday, February 25, 2008 12:13:26 AM

Post# of 14027
OPG, I can't look at a stack of paper on my own desk determine what they are. Yetm you can look at stuff laying aroound on a stranger's desk and size up the whole opeeration. What's mor amazing, you didn't see a legal document you conclude there are no legal issues. How can you distinguish the difference between a yellow copy of a legal summons and a yellow copy of a vendors billing statement when they are under a dozen sheets of paper?

If you can truly size up a company and the risk factor by just simply talking to an executive for an hour, you are truly talented my friend. In fact, you shouldn't be investing, you should be offering those talents to corporate america. Companies hire dozens of skilled people, actuarires, consultants, and spend millions of dollars to assess buisness risk.

Now, if your refering to your job as an AIG insurance analyst that's a whole different matter. All the work is done downstream. A simple questionaire will lead you to what risk premium that companies would pay for their liability or hazzard insurance. I get a 5 minute quote for car insurance just about anywhere. That's no big deal.

Seriously, if you can truly and accurately determine business risk by spending an hour with an executive, that's quite a feat. You can make millions with that type of a skill.

D