THE PREVIOUS post had a little video about pyramid schemes, but this one is better for those who are not familiar with imaginary assets, much like software/BM patents and bad mortgages, even 401(k).
Apologies for steering a little off topic. A detailed analysis worth reading, especially to those who have not read it yet, seems almost prophetic these days. It related to topics that we cover.
This situation is not about stock valuation, product quality or whether or not Microsoft has monopoly power in its markets. Nor is it part of a pro or anti-Microsoft movement. This situation is instead a shining example of financial fraud and corruption enabled by bad government policy. If not quickly and aggressively addressed, we will all be losers as credibility in our financial markets is destroyed.
The more things change, the more they may stay the same. ⬆
They say IBM never recovered from Gerstner, who instead of saving the companies (IBM and others he claims credit for) set up a collision course of rapid shrinkage
It is important to stress that after this series is finished there will be many more series, with some of them showing raw evidence of what we've been illuminating and telling
