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UNITED AIR LINES TO LAY OFF 950 PILOTS



 
 
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  #21  
Old June 28th 08, 09:36 PM posted to rec.aviation.piloting
Mxsmanic
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Default UNITED AIR LINES TO LAY OFF 950 PILOTS

writes:

Pretty well, which is why it is a goal for most companies, not just
airlines.


Fewer flights increases utilization of assets? Examples?
  #22  
Old June 28th 08, 09:45 PM posted to rec.aviation.piloting
[email protected]
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Posts: 2,892
Default UNITED AIR LINES TO LAY OFF 950 PILOTS

Mxsmanic wrote:
Nomen Nescio writes:


Do you consider the deed to my house to be "worthless paper"?


The house is worth something, the deed may or may not be.


The dollar value of my house has dropped over 10% in the last year.
But it's still able to sell for 3 times what I paid for it.
And, in the end, it's still REALLY worth EXACTLY what I bought...........
ONE HOUSE. It was worth one house when I moved in, it's worth
one house now.


That's the house, not the paper.


The paper legally represents the ownership of the house.

Anyone who considers futures contracts to be "worthless paper" is
an idiot. They're only considered "worthless" by people who are on
the wrong side of the trade.


In every single trade, there is someone on the "wrong side," so 50% of those
trading must consider it worthless. Thus, it's no more than the flip of a
coin ... gambling, in other words.


Wrong again.

In the end the ultimate seller may make a profit or a loss on the sale
of the future, but the future almost never becomes worthless.

In trading futures one can influence the outcome and minimize the risks
by knowing what one is doing.

In gambling, about the only way to influence the outcome is to count
cards at games like blackjack, which isn't allowed in most casinos.


--
Jim Pennino

Remove .spam.sux to reply.
  #28  
Old June 28th 08, 11:14 PM posted to rec.aviation.piloting
Mxsmanic
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Posts: 9,169
Default UNITED AIR LINES TO LAY OFF 950 PILOTS

writes:

Perhaps for you luck has a better ROI than skill.


I've learned not to rely on luck.
  #30  
Old June 28th 08, 11:34 PM posted to rec.aviation.piloting,alt.usenet.kooks
Bertie the Bunyip[_25_]
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Posts: 3,735
Default UNITED AIR LINES TO LAY OFF 950 PILOTS

Mxsmanic wrote in
news
writes:

Perhaps for you luck has a better ROI than skill.


I've learned not to rely on luck.


Obviously it's never going to compete with begging



Bertie
 




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