by Pops » Mon 09 Feb 2009, 18:06:52
I know not many here are into country music but there is a song titled: "I'm So Much Cooler Online".
I think many of us are not only much more idealistic than in RL but we also are more prone to share our successes than our failures.
In answer to the question of the thread I didn't follow roc's advise but I didn't follow my own either.
I did OK using a CC as capital to raise feeder steers from birth, did ok but didn't see the commodity bubble jacking up grain prices in 07-08 and depressing feeder prices - which is my market. I didn't see the following WWDII coming to chop feeder prices more, which between the two took about 40% off my receipts.
I didn't see cheese exports diving for the same reason, cutting raw milk prices in half and causing dairymen to start sending thousands of cows to slaughter which will shave probably another 20% off my market in the next year or two.
Point being, for 2 years I did fine using short term debt to finance my little deal but my balance sheet is currently In The Red with little relief in sight because beef/dairy/depressions don't turn overnight.
So there you go: no guns, no rice, no doom, no idealism, no cool, no success.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)