Showing posts with label skin in the game. Show all posts
Showing posts with label skin in the game. Show all posts

Dec 9, 2023

Anonymous Israeli woman on Palestinians: "I don't want peace, I want them to have a life"

[Israeli woman's parents were displaced by Israeli government because they couldn't show a deed of ownership.]

Q: So did your parents protest?

Israeli woman: Well, they didn't.  I did.  Because for them it was surviving.  I call it the crumb fight.  The real people... can't really have the time to afford to fight.  And I think it's about time that the second generation like us - I'm 40 - who are saying "the war is not helping any of us."  We want eduction, we want sports, we want fun, we want to create.  We are living so close, we are neighbors, we are basically the same family, we are brothers.

Q: So how did you resist the Israeli government?

A: Well, I'm an actress so I spoke about it.  I went to teach children, the 1st and 2nd grade.  I twice tried to reach the Knesset who didn't help shit.  Sorry.  I write about it on my Facebook.  When there is a complicated situation, I talk about it.  I talk to Palestinians.  I talk to people and I make sure they know that I care for them as much as I care for my safety as well.  I want to cry because I'm scared when I run to shelters, but I know...

Q: Because missiles are coming from Gaza.

A: Of course.  I lost a friend in a bombing when I was 15 and I felt this pain.

Q: Palestinian bombing.

A: Palestinian bombing, sorry.  Here in Tel Aviv.  My grandfather's brother was slaughtered by terrorists in Jerusalem.  I was in the army.

Q: Palestinian terrorists.

A: Yeah, Palestinians.  We just want to live.  I don't want peace.  I don't want peace.  I want them to have a life.  I want them to have too much to lose, to care for their life.  I want them to care and for that they need education.  And they do, they're entitled of resisting and there is occupation, but there's also terror.  And you cannot just skip it.  There's a lot of violence.  And if you ask most Palestinians, all they want is jobs, they want schools, they want to have their privileges in a home that is their own.  And I don't have the answers.  That's why I am an actress and bodybuilder and not a politician.  But I know that us, the people, we suffer the most and they [the Palestinians] are entitled.  And so am I!

~ Israeli woman, "Israelis: Do Palestinians have a right to resist occupation?," The Ask Project, 1:25 mark, April 30, 2022



Mar 16, 2023

Joel Tillinghast on financial companies

Financial companies are the jackpot for scam artists who want to get their hands on other people's money.  Clients routinely trust banks and brokers with their assets.  For each $1 billion of equity, most banks hold deposits and borrowings in excess of $10 billion.  An electronic record of a loan or security corresponds to another electronic or paper document, not a physical property.  Even if accountants view the physical collateral supporting a loan, they also need to know the other liens and contractual wording.  Often these documents are confidential.  The combination of opaqueness and other people's money may explain why many of the largest fraud cases involve financnial firms.

~ Joel Tillinghast, Big Money Thinks Small, p. 130



Feb 6, 2022

Peter Lynch on skin in the game

When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority. 

~ Peter Lynch, One Up on Wall Street, p. 143





Nov 17, 2021

John Doerr on supervoting shares

Investors have gotten the greatest rewards from the companies that take a long-term point of view.  In the right circumstances, I'm a fan of founder control.  Google's three-class stock structure allows the founders to concentrate on the long run. [Co-founders Larry Page and Sergey Brin own the supervoting Class B shares.]  The structure is fully disclosed, and investors don't have to buy the stock if they don't like it.

~ John Doerr, "John Doerr on Leadership, Education, Google, and AI," Barron's, May 5, 2018



Sep 13, 2021

Thomas Sowell on skin in the game

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

~ Thomas Sowell



Jun 27, 2020

Thomas Sowell on the difference between engineers and intellectuals

The engineer is judged by the end product which is not simply ideas.  If he builds a building that collapses, it doesn't matter how brilliant his idea was.  He's ruined.  Conversely, if an intellectual who's brilliant has an idea for rearranging society and that ends in disaster, he pays no price at all.

~ Thomas Sowell

Mar 16, 2020

Bill Bonner on groupthink

Group-think is popular because it is easier than private thinking and the stakes are lower.  A man's public attitudes are buttressed by others, held up by the media, and reinforced by constant repetition.  His private thoughts, on the other hand, are fragile, lonely and often desolate.  He cannot even get his own children to clean up their rooms or his wife to agree to his family budget; who can blame him for wanting to tell others what to do?

~ Bill Bonner, Financial Reckoning Day, p. 170

Image result for child's messy bedroom cartoon