So_Cynical
The Contrarian Averager
- Joined
- 31 August 2007
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Its a business folks, would you send your employees on a fully paid holiday for 6 months because business has halved. Terminate them and re-employ them when the business turns around - same simple principle !
Yep its a business, a very unique business, a business that in my case doesn't have any employees, costs about $70 > $130 a month to run, has no debt therefore no leverage and significant unencumbered cash backing.
Like all businesses my business makes money buy selling its goods at a price higher than i paid for them...these goods are mostly non perishable and have a (in most cases) long shelf life now here's the kicker...unlike most businesses my goods sell in a dynamic open market where the price can vary greatly over time.
The only cost i incur in holding my goods is opportunity but because i have 24 different types of goods i find i have lots of other opportunities to profit from...ive noticed over the years that others run there businesses differently to me even though we often deal in exactly the same goods...go figure.