America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery

Post by sDlEzAtyoNAz » Fri, May 03, 2019, 7:43 PM UTC

cr0sh wrote: post #103

sDlEzAtyoNAz wrote: post #89

Earlier quoted context omitted.

It's not really intriguing when you consider that non-hispanic whites are the most likely to own firearms, and that that group's size has been essentially stagnant for the past few decades and is currently in decline.

Collectors and others of similar nature aside, I tend to wonder if this is going to lead to problems in the future? I'm not anti-gun by a long shot (no pun intended), but pictures I have seen of some of these "collections" are staggering (like, enough guns and ammo to arm a small platoon of people). In many cases they aren't displayed as a collection, but closer to a weapons cache in waiting...for what kind of situat…

Post by zemptime » Fri, May 03, 2019, 7:48 PM UTC

paganel wrote: post #36

> Because private-equity firms appear frequently as villains in the press, many people assume that they cater mostly to the superrich, earning high returns on investments for billionaire clients. They do. But by far the most important piece of their business — 48 percent, according to the data-analytics firm Preqin — is investing capital for American pension funds. This doesn't get mentioned often enough when talking…

Post by bluGill » Fri, May 03, 2019, 7:53 PM UTC

UweSchmidt wrote: post #140

ahupp wrote: post #118

Earlier quoted context omitted.

Both of these things can be true: that the top 1% own a large fraction of wealth, and that an even larger fraction is owned by the pensions and retirement plans of the non-wealthy. Wealth comparisons are tricky, e.g they'll show that Americans are some of the poorest people in the world because there's a large fraction with debt (e.g homes, credit cards, student loans). While technically true, that doesn't really mat…

Well then our intuition is wrong. If your finances throughout your life are not in order, if you have high debt, regardless if it's because of medical bills, student loans or too big a car and house, you are in a weak position. What good does a nice car do if you worry about bills and if you try to avoid to look at the balance in your banking app? You don't always know how rich some folks are, but for the most part i…

Post by bluGill » Fri, May 03, 2019, 7:58 PM UTC

icelancer wrote: post #172

WillPostForFood wrote: post #100

Earlier quoted context omitted.

It is a huge disservice to take a cheap shot at 401ks. There is almost no case where someone who has the opportunity to contribute shouldn't do so.

There's plenty of companies that do not provide financial match to a 401k. For people making average income for a 25 year old or so, they are better off putting it in a Roth IRA then.

Post by hcs » Fri, May 03, 2019, 8:09 PM UTC

luckydata wrote: post #59

rtpg wrote: post #33

Earlier quoted context omitted.

I get that money is money, but I feel like we desperately need to make conflict of interests prosecutable, so we can kill the self-serving mess that are LBOs. In what universe is "I borrow a bunch of money, buy a company, then force the company to basically borrow money from me" a value-creating operation? Cuz it sure isn't this one.

The only fix required would be changing slightly the definition of fiduciary duty expanding the concept to ALL stakeholders including customers and the people living where those businesses are based and it would become illegal overnight to do that. It will never happen.