Wolves on Wall Street and Out of Control Pulpwood Trucks

Stiff Right Jab ^ | July 19, 2008 | Diane Alden

[average american student]

When I was a young woman married to a Delta Airline pilot - there was a great story that went around Coweta County, Georgia. A veterinarian told it to me. The story went: ‘”what are the two most dangerous things in rural Georgia?” The answer: an out-of-control loaded pulp wood truck careening down hill, and … a pilot in search of an investment. In the 70s, airline pilots with Delta or Eastern often lived in rural Coweta, Carroll or other Georgia boonies outside of Atlanta. Some pilots and airline personnel, at that time, made a good bit more money than most folks in rural Georgia, and they spent and invested accordingly.

These days, you can fill in the ‘pilot’ slot with any investor having extra money burning a hole in their pocket, or a Jim Cramer follower interested in making a quick buck on some stock or bond.

The joke told in 1975 is as true now as it was then. Investors and investment are very important to our world: that is until logic, reason, consideration and common sense depart from the picture. When sense and balance are replaced by mania fixated on the most recent craze or ‘asset class’ - that is when the whole thing runs out-of-control.

[average american student]

Classic Diane Alden, looks into corporate fascism, their love of self, money, power ... over you, me, and America

[Red in Blue PA]

Jim Cramer and logic and antithetical.

[Uncle Miltie]

Own the world: Index stocks.

The whole net value of the world is in my portfolio. Insofar as the world becomes a wealthier place, I participate. If not, not. But I always own the same fraction of the world.

The main thing that can really screw that up is my tagline.

[eastforker]

an out-of-control loaded pulp wood truck ......................................... Had to laugh at that. Anyone who has ever lived around a paper mill knows what that is all about!