ERROR: Account closed.

James L Westrich II westrich at miser.umass.edu
Wed Jun 2 05:48:36 PDT 1999



>>'cause it isn't just the techno-nerds who live by their wits . . .


>>Couldn't help being reminded by this debate of the wise words my boss said
>>to me the last time we discussed this sort of thing:


>>"Remember this. You don't work for this company. You work for a small
>>syndicate composed of me, you and [the other banks analyst]. Our
>>relationship with this company is that it provides us with a desk each, a
>>computer each, and a salary which saves us from having to bill our clients
>>for research. We are customers of this firm, not employees. Our franchise
>>is completely trasferable, and if I think we can get a better deal
>>elsewhere, we'll take it. Remember: shareholders' capital is plentiful,
>>specialised labour is scarce. All the rewards of business flow to the
>>scarce factor."


>>pretty f'kng strong stuff, I thought, for a public-school-educated twenty
>>year stockbroker.


>>dd


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>> has ?y



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