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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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Steve Wisdom
11/06/04
A Modest Proposal
My younger brother works for a big company,
market cap in the $10's of
billions. He's a K3rry voter, and soon after the election
sent me 'friend
spam' about how K3rry was robbed, Bu$h LIED!!, the USA will
become a
theocracy & etc & etc
So I mentioned to him: look at your own firm's rocketing
shareprice,
F 5-Nov 9.63 1.48%
T 4-Nov 9.49 2.59%
W 3-Nov 9.25 1.09%
T 2-Nov 9.15 2.81%
M 1-Nov 8.90 -0.22%
F 29-Oct 8.92 0.34%
T 28-Oct 8.89 0.91%
W 27-Oct 8.81 0.11%
T 26-Oct 8.80 0.57%
And consider the impact on your own life, and the life of
the nation, if
events had turned the other way. The loss of value, the
economic
devastation, the jobs destroyed or never created, that's
encapsulated &
present-valued in that shareprice move. The market tells no
lies
A modest proposal: every Fortune 500 company issue every
employee a free
10-day ATM call on 1,000 shares of its stock, a week before
every election.
Let the employees decide for themselves which is the wise
choice, with a
skin in the game .. .
Stephen Wisdom, a Pennsylvania-born Harvard graduate, has been Victor Niederhoffer's right-hand man off and on for more than 15 years. He also has been associated with Trout Trading, Societe Generale and Deephaven Fund