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Sedans Luxury Lounge
21423 messages, Last post on Nov 28, 2009 at 10:00 PM
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German billionaire, referred to by some as Germany's Warren Buffett committed suicide by jumping in front of a train this morning per CNBC. The only reason this has significance here is that he lost big in the Porsche corner that drove VW shares to $1,000 a few months ago and it seems to be the cause of his suicide. Here's a link to his problems, not his suicide. http://www.badidea.co.uk/2008/12/adolf-merckle-like-some-financial-crisis-jack-b- auer-has-just-24-hours-to-find-the-cash-to-save-vem/
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Replying to: ljflx (Jan 06, 2009 7:40 am)
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Replying to: m4d_cow (Jan 06, 2009 10:37 am) |
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Replying to: lexusguy (Jan 06, 2009 11:12 am) One victim already did last week I believe. Here is some other bad things created from greed...I pray for them all! German billionaire Adolph Merckle, who has been beset by money woes, committed suicide. According to Bloomberg News, Merckle, listed as 94th on Forbes' list of the world's wealthiest people, was hit by a train. His family released a statement saying he was "broken by his inability to handle the situation." Until recently, Merckle had a good reputation but ran into some bad luck. "Merckle, whose holdings spanned the cement, machinery and drug industries, was battered by bets on Volkswagen AG, a drop in the value of his HeidelbergCement AG stock and increasing debt," Bloomberg News said. Shares of HeidelbergCement slumped on the news of Merckle's suicide. Though my heart goes out to his family, the fact that the businessman chose to end his life is not surprising. The current economic crisis has placed people under unbelievable amounts of stress. Sometimes things go horribly wrong. A French investor recently caught up in the Bernard Madoff scandal recently took his own life. Last year, an executive with a subprime mortgage company murdered his wife of 10 years and the mother of his two children before leaping off a bridge spanning New Jersey and Delaware. Countless other tragedies that happen every day do not make the news. Divorces are bound to rise and I bet domestic violence is increasing. Let's hope that the government funds mental health services with the same gusto it provides money to money-losing financial institutions. Regards, OW
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So based on the article below Honda has decided to: Avoid making all RWD cars (NSX, S2000 and RWD Acura Sedans) Avoid building a V8. Avoid building exciting sports cars like the NSX and S2000. Potentially pulling the plug on the Acura Legend (RL). If I owned an Acura dealership I would be concerned, very concerned. link title |
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Replying to: dewey (Jan 06, 2009 12:29 pm) Regards, OW
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Unlike medicine or engineering, investing is one profession that does not require much aptitude. Believe me I am just an average schmuck whose able to make a living in the investment industry. Fortunatley for me I dont have the aptitude to develop those PHD complex risk models that have ruined many finacial firms and individuals. And fortunately I dont have that Nostradamus chyrstal ball that will tell me market ranges by mid 2009. Otherwise I'd be pursuing my career elsewhere. As Warren Buffett once said an investor with average intelligence and self control is likely to be far more successful than a genius who is driven by emotions. Anybody who bases his ego and and his whole life on his personal balance sheet should be investing only in risk free Government paper. Otherwise high risk investing can be as deadly as Russian Roulette. God bless poor Adolph Merckle and his family. |
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Replying to: circlew (Jan 06, 2009 12:43 pm) As I said I think the luxury segment will become far more exclusive and smaller in future years. The incumbents with heritage in such a market will become strongest while a brand like Acura which has always struggled to define themselves in the luxury segment will become irrelevant.
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Replying to: dewey (Jan 06, 2009 12:55 pm) Perhaps Acura has caught the dreaded GM influenza of the past! Regards, OW |
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