----- Original Message -----
Sent: Monday, September 22, 2003 11:21
AM
Subject: Re: Re: [sharechat]
Gambling
Phyllis,
Timely
advice - I don`t appreciate simply insipid exchange of opinion . There
should remain a healthy tension in those exchanges for worthwhile
dissemination and sifting of that opinion between all of us to
emerge. Okay there will be chaff with the grain in that process I too
look at morality issues although I may appear to discount the purely
"religious"position.The two are not per se necessarily linked . I ,for
instance,have never felt comfortable dealing in property .I am no Mary Poppins
but instinctively have felt it wrong to invest in private property for the
purposes of profit .By doing so I would be incrementally toying
with the legitimate dreams of the young to own their dream home at
prices they could afford .
I do not want
, even in the slightest way, to feel that I was helping create
a legacy or a future where private ownership of family homes became the
preserve of only the wealthy .I do not blame entirely those who have been a
party in creating the property frenzy that we all know will have
disastrous repercussions for the economy ultimately . We have a Government ,and it`s predecessors , that have
never been able to reach non-partisan consensus on Superannuation . They
should all have been locked into a room 30 years ago and not let out until
they reached a consensus . Consequently the public have had to take the
initiative and plan their own retirement even if it meant some elements of
society would suffer .As some sort of self justification we hear "But
everybody is doing it ! "Maybe I stand in isolation but
that mantra is not adequate reason for me. As a
result several property booms have passed me by .
I note some trade in Forex - for ethical reasons I would not . George
Soros has done untold damage to small and vulnerable economies merely
by causing tidal wave speculative moves against those currencies.
Even if we participated as small bit players in that "blood sport " we
would be guilty by association .That is not how the world should
operate.
PS. Let`s not get hung up over throw away remarks.
PSS- Phyllis I believe we have met - You were possibly too preoccupied
with a couple of screens monitoring markets in your home to notice a greenhorn
like me. I distinctly remember ,though it was several years ago, your
excitement at Nuplex that rose about 20 cents that day to $3-25 was engaging.
I hope you managed a world trip out of it !
David S.
See IRG research reports
