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Old September 21, 2002, 03:02 AM
Michael Ross
 
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Default Re: My Net Worth is only and indication of

> Because when you get into big business deals
> they want to know
> your net-worth.

Most people won't ever get into big business deals, though.

> You said you do it every month. That is a
> waste of time. If you make three
> lines of people, one line of people that do
> it every month, that line would
> be pretty short. The other line once a year,
> that line would be very long.
> The third line for people that never make
> one out, that line would go from
> coast to coast.

Once a month might be a waste of time to you... being "retired"... but it does me quite fine and takes hardly any more time than updating my financials for the month.

I'm certainly not going to do it only once a year because that's how often most people who figure it out, do it.

> I been retired now for 9 years, and my
> retired income is in the top 10%
> of retired peoples income. So I think I have
> made some good decisions in
> my life. So once a year has worked just fine
> with me.

Yes. Just as once a year works good for you, once a month works good for me.

I look at it from a business point of view... it would be foolhardy for a business to not know what was going on except for once a year...

There's a company who keeps such a sharp eye on their financial status they know it by the hour!!!

Their reason... if they did it once a week, they could be blowing loads of money. And it's hard to argue with them seeing as since implimenting their hourly update their company has boomed. It has boomed because knowing their financials by the hour allows them to make production decisions by the hour.

> These exit polls are used in every election
> and they are right on the money.
> All they want to know, who did you vote for.
> Nothing tricky about that question.

A seemly simple question. But it still leaves a lot to be asked about... WHO is doing the polling, WHEN are these polls taken (that is, the results of the polls mentioned), WHICH booths are taken into account when the poll is released, Is everyone being asked or is it so-called random, and so on.

I mean, if there is a trend (:o) HA!) for Democrats to vote early in the morning and Republicans to vote later in the day, then an early poll will give a misguided figure. As will revealing early polls in Democrat strong areas.

And none of this takes into account the trend of not answering the question in combination with political leaning - do Democrats answer more or less than Republicans.

> Nice talking with you Michael.

Yes, thank you. Shows we can disagree? and discuss at the same time without calling names.

Michael Ross
 


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