NightMonkey, I will answer your post, but I have to digress for a bit. Please bear with me.
It'll all tie together, trust me.
I have to start with how we come to think as we do, both you and I, and pretty much everyone else.
THE HORSE WHISPERER THAT RUNS YOUR LIFE
The business literature has shown that when buying a business, most hard-core businessmen make a key mistake.
As detached as they may feel about their opinion, they don't recognize how much their
subconscious drives their decision making.
Even the cream of the crop CEOs aren't immune, just look at Time Warner's CEO Gerald Levin, and his burning desire to merge with AOL, at all costs.
This is why when vetting a company to buy, the corporate planning department of the smartest companies will employ a management consulting firm (like McKinsey & Company) to do the market research and vetting for them.
The management consulting firm does a (very expensive) market analysis of the strengths and weaknesses of the corporation considering the buy, the acquisition candidate itself, tax and legal consequences, etc., etc.
The hope: that the management consulting firm is truly neutral, and it doesn't have any subconscious issues driving them one way or another.
The best consulting firms have pretty good track records at this, just like the best stock pickers.
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SEE NO EVIL, HEAR NO EVIL . . .
Of course, when making decisions—ranging from picking a stereo to buy, to forming a lifelong political opinion—few people can afford to hire McKinsey & Company to neutrally vet that decision.
Instead, if they do any reading at all, it's from sources that already agree with them.
Ask the average FoxNews (see footnote) viewer if he's ever critically read the works of say, Noam Chomsky, and they'll say: "Who?"
Equally, ask the typical Noam Chomsky reader if he's really delved into the works of Jefferson, radical conservative Abraham Lincoln, Irving Babbitt, Buckley, or Friedman, and you'll likely get a blank stare.
None of the above mentioned gentlemen have a lock on the truth, btw. Nobody does. Not even particle physicists, analyzing the very fabric of reality.
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EVERYTHING I SAY IS A LIE
But you can do what very successful decision makers do: assume everything you believe about a particular decision is wrong.
That those "experts" who support your position are mistaken.
That the (most logical and dispassionate, not just popular) "experts" who don't support your decision are correct.
Just finding who those experts are is a real skill set, but like playing golf or tennis, you'll improve with practice.
With that as you're starting premise, and a willingness to so some real homework . . .
You can cross your fingers, and then decide.
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AS JOHN MCENROE SAID: "ARE YOU SERIOUS?!!
Reading the above, you're likely thinking: Mike6977 is whack, no one can't even BEGIN to do that every time they make a choice.
And you'd be right, typically you can't go to that extreme, unless the decision is . . . critical.
Or you have a lot of time on your hands.
But you can benefit from this "think different" principle in simple, practical ways.
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I WANT, WANT, WANT IT!
Say you read a killer review of some SOHO router in PC magazine.
You do a quick Google, find another great review in another magazine you trust, and now you
have to buy that router.
You go to NewEgg, primed and ready to pull the trigger on this "must have".
But instead of doing so, you pay a quick visit to the reviews section of NewEgg.
Searching the reviews in an ascending manner, (worst to best), and paying attention to what the negative reviewers have to say.
If a theme seems to be developing, you then decide to try the Amazon reviews of the same router. Again, you look at worst to best, or even just worst to mediocre.
Will you still make mistakes? Yes. But you've just practiced
true due diligence—going in the
opposite way you initially wanted to go, and if you develop the knack for it—your decision-making
will improve.
...............
footnote:
(1) Imho, FoxNews isn't a conservative or even libertarian slanted broadcaster. It reflects one viewpoint, that of Keith Rupert Murdoch.
If you follow the coverage in the U.K., we are just beginning to discover what illegal and immoral depths Murdoch will stoop to in order to achieve his political ambitions.
So FoxNews is hardly a neutral conservative source of information, even though—to their credit—they do coverage the traditional networks (CBS, NBC, ABC) won't touch.
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ANSWERING TWO OF YOUR POINTS
Whew! NightMonkey, now that I look at it, that was a hell of a circuitous route to answer the points that you made in your thread.
But I had to get it off my chest, or my AHI score would go up for the next three nights.
Thanks for your patience .
NightMonkey, I can't begin to
try—much less succeed—to definitively answer the points you raised.
But I do have some off-the-cuff remarks on two of your points.
NightMonkey wrote: "The President keeps talking about raising taxes." Most businessmen who can't estimate an investment's payback will not make that investment.
I may be wrong, but I thought the president has been talking about raising taxes on families earning $200,000 or more.
Businessmen typically operate under the umbrella of a corporation, and make investment projections on income vs risk, adjusted for the
corporate tax rate the
corporation would pay.
Not on what their
individual take home tax rate would be. To do otherwise would be a failure of their fiduciary responsibility to their investors and shareholders.
BTW, this link—if accurate—would indicate that Congressional Republicans are planning to
raise taxes on the poorest families. The census defines a poor family as a family of four, with an income of $20,000. That's five thousand dollars per person. Not people who can really afford a net (not federal) tax increase, imho.
http://news.yahoo.com/gop-may-ok-tax-in ... 16578.html
NightMonkey wrote:all regulatory agencies have gotten a clear green light from Obama to "go after" businesses.
Pretty broad accusation. I'd like to find a detailed link for that, one that's not just in an opinion column. A link that provides first-hand quotes or memos from inside those agencies would be ideal.
I have seen a number of investigative pieces on how Reagan and Bush (as they promised they'd do) gutted agency after agency: The FDA, FAA, SEC, EPA, etc.
So, even if many of these now underfunded, undermanned agencies wanted to declare war on business, I doubt few could do an effective job.
Heck, right now they can't even manage to fulfill their charter to just adequately
oversee the industries in their jurisdiction.
Even the hapless Office of Patents has so little money that it doesn't have the time to really review patents, and now absurd and abusive patents are becoming law.
When those bogus patent makers sue, and they include billionaire patent trolls like Nathan P. Myhrvold, everyone in business will pay much more to continue doing business.
It'll be just like a reverse tax.
Take from everyone and hand the money to a tiny few.
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Hope I gave you just a little bit of a different perspective, I trust you'll return the favor..
Michael