I guess what I am trying to say is... I own a small business, I make decisions and I live with them, every decision I make is made with knowledge of what is known, if the unknowable happens, as it has I scramble to make the best decision I can faced with the current knowledge I have.
So far making my best informed decisions in the equities market have cost me $190K+ (R1,330,000.00 of my converted currency) locked in losses from margin call hits, I have more riding and what ever happens happens, I have made my decision and I take my licks as happily as I take my gains, why ? because I CHOOSE to, I could have pulled out but I didnt, thats my choice.. and as a said, I take responsibilty for my choices.
Maybe as a fairly new Ozzi, (I come from a country where there is no social security, no safety nets, one lives or starves on ones own initiative) I dont understand this abrogation of personal responsibility, its not the govt or a corporations responsibility to look after me or make my choices for me, or look after me, I AM MAN, I make my choices and I wear them as they fit..........
Maybe a bit hard sounding however thats my take, I choose and I accept, no more no less. I would think that Michaelmore might not be a Rufrano, however he is doing the best he and the board can, under whatever difficult circumstances they face, circumstances we could not fathom in a month of Sundays.
My point is, I believe they are doing the best they can, if its not good enough , so be it, no one wants to lose, or actively sets out to lose, sometimes sh1t happens and thats all there is to it... For every winner there has to be a bunch of losers, we choose, we win, or we lose.
What separates the men from the boys is their grace as they win or lose.
OZL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held