Posts Tagged ‘profit’

No Profit

Posted: August 8, 2019 in Thought for the Day
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“It is no profit to have learned well if you neglect to do well.”  -Proverb

“You can almost always get a little boost by spending money you don’t have. But unless you’re investing in something that will make a profit, you’re just wasting time and money… and making the situation worse.” -Bill Bonner

“Unless you are helping the company generate profit, you’re an expense.” –Mark Ford

“In her magical mystery world at the Eccles Building (Fed HQ) Janet Yellen surveys all of this.  She has never run a business.  She has never even had a job in a profit-making business…..  Bernanke, in his new book, The Courage to Act, tells us that he ‘did not want to be remembered as the person whose decisions had led to the Fed’s destruction.’  That’s right: The biggest challenge hits the Fed in 80 years and Mr. Bernanke is worried about his own reputation!” -Bill Bonner

Perhaps this is the biggest problem with many of our institutions and politics.  We have leaders with no experience in the real world and care more about their reputation than doing what needs to done.

Perhaps others are unaware, as was I, that after the initial public offering (IPO) of a company, that company receives no capital benefits from the trading that occurs on Wall Street.  Wall Street is basically a “financial product” used to help generate profit for these entities, in which they provide a “return” to the investor (or stock purchaser).  Mutual Funds are one such financial product.

“Actual wealth, or capital, is transferred to a corporation at the time of the initial public offering of the stock, or IPO.  This, however, is a one-time event.  For all the daily trading these exchanges perform, they provide no capital whatsoever for American industry.” -L. Carlos Lara     LMR     May 2013