Everyone wants full disclosure. What everyone gets is indecipherable legalese and footnotes. The general rule is: The longer the disclosure, the riskier the thing being disclosed.
Seldom, very seldom, does complete truth belong to any human disclosure; seldom can it happen that something is not a little disguised, or a little mistaken.
Quotation from Jane Austen
(To employ a return, models and other likely readers of Encore Seraphine (either casually, temporarily, permanently, blindly or on secondment) to carry out the object of the attraction upon such terms and conditions as they may from time to time consider desirable, or not, and to terminate such extension or harmony, and to unpay their interest, readership, right to post, gratitude or miscellaneous charges out of their rich uncle’s pocket and to confer upon any mark or substitute model so appointed the right to exercise without liability or severability any discretion or misconception which may be vested in the original comic therein without prior notification, including exclusions, or vice versa).
What it comes down to is the government (us) just paid three trillion dollars to raise the Dow by three thousand points. Ahh, I feel soo much better now.
So good, in fact, I even signed your contract without reading it. I hope there’s no obligation to me, my heirs or my heirs apparent.
Seraphine: lol! Remember actor Brian Dennehy as the bartender in the Blake Edwards comedy “10″ with Dudley Moore? (If not, rent it). One night at a resort bar in the movie, he tells Moore, “For what it’s worth, I like YOUR music”. In that same spirit, I say: “For what it’s worth, Sera, I like YOUR disclosure.
It depends on both the point of time from which you are measuring and the base for calculation of the percentage – e.g. in purely mathematical terms once you suffer a 50% loss, you always need a 100% improvement from your diminished base of 50 to achieve a full recovery, but only a 50% recovery from the original bass of 100.
I think the industry would be much better off to continually quote on how far below you are to the previous highs. The headline figure presents an image of overconfidence !!
But even the indices themselves are fatally flawed since they can only measure what currently exists to what existed in any prior period with no allowances for delistings, bankruptcies or the inevitable fees and taxation. So achieving the so called index is no mean feat – a lot harder than you think – if not virtually impossible over the long term. Hence any long terms indices quoted in terms of returns are all overstated and the headline numbers for so called recoveries can be very confusing since they are calculated from a diminished base. You also need to read the fine print and understanding what is you are covered for, if you don’t understand don’t buy or don’t invest or don’t commit- but most of us occasionally unwisely put up with instances of signing documents subject to very onerous terms and conditions.
But I trust you – there is need to read your fine print and vica versa !!
Best wishes
Complete truth eh.
An interesting, if somewhat unbelievable concept
Due to my experience these past few years, I actually do comprehend your addendum.
P.S. South of Broad is Conroy’s latest…it’s been far too long. I got it on sale!
where do i sign?
Ok I’m a little bit scared now
for sure, still waiting for better days
a kiss and hug Sera!
very creative and humorous!
Full disclosure can make one hate many things.