Author Topic: Rules of the deal-Dan Quoted Again  (Read 3189 times)

Offline peroneustertius

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Feb 2012
  • Posts: 259
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Queens, NY

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 30K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 30535
  • Total likes: 7832
  • DansDeals.com Hat Tips 79
    • View Profile
  • Location: NYC
Re: Rules of the deal-Dan Quoted Again
« Reply #1 on: August 22, 2012, 02:05:40 PM »
http://www.jewishpress.com/indepth/opinions/is-gotcha-a-jewish-value/2012/08/22/

The author there is making a mistake by comparing the El Al deal to illegal copying of CDs, which is like comparing oranges and basketballs.
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline zek

  • Dansdeals Gold Elite
  • ***
  • Join Date: Apr 2012
  • Posts: 142
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Rules of the deal-Dan Quoted Again
« Reply #2 on: August 22, 2012, 02:13:09 PM »
The author there is making a mistake by comparing the El Al deal to illegal copying of CDs, which is like comparing oranges and basketballs.
The author is also the President of a travel agency who does not get a fee when people book online. Sounds like a self serving write-up.

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 30K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 30535
  • Total likes: 7832
  • DansDeals.com Hat Tips 79
    • View Profile
  • Location: NYC
Re: Rules of the deal-Dan Quoted Again
« Reply #3 on: August 22, 2012, 02:13:50 PM »
The author is also the President of a travel agency who does not get a fee when people book online. Sounds like a self serving write-up.

What? That's something he should definitely disclose.
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline zek

  • Dansdeals Gold Elite
  • ***
  • Join Date: Apr 2012
  • Posts: 142
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Rules of the deal-Dan Quoted Again
« Reply #4 on: August 22, 2012, 02:27:20 PM »
What? That's something he should definitely disclose.
It's right after
Quote
About the Author: Meir Weingarten is president of Ariel Tours, a leader in group travel to Israel, with close to 30 years’ experience in the Israel travel industry.

Offline HelpMe

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Aug 2011
  • Posts: 3427
  • Total likes: 40
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Rules of the deal-Dan Quoted Again
« Reply #5 on: August 22, 2012, 02:32:53 PM »
This deal has really touched off a firestorm.
"Elvis Has Left The Building"

Offline peroneustertius

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Feb 2012
  • Posts: 259
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Queens, NY
Re: Rules of the deal-Dan Quoted Again
« Reply #6 on: August 22, 2012, 02:37:36 PM »
The author there is making a mistake by comparing the El Al deal to illegal copying of CDs, which is like comparing oranges and basketballs.
While I agree with  you that the comparison is not necessarily a good one, I think it's fair to say that a company should not lose tens of thousands of dollars based on a price mistake.

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 30K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 30535
  • Total likes: 7832
  • DansDeals.com Hat Tips 79
    • View Profile
  • Location: NYC
Re: Rules of the deal-Dan Quoted Again
« Reply #7 on: August 22, 2012, 02:38:32 PM »
While I agree with  you that the comparison is not necessarily a good one, I think it's fair to say that a company should not lose tens of thousands of dollars based on a price mistake.

Have you read this thread? Dan is of the opinion that El Al didn't lose out of this deal.
100% of Likes will be donated to support our brothers and sisters in Eretz Yisrael

Offline shmuelb

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2011
  • Posts: 759
  • Total likes: 9
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: Israel
  • Programs: Amex Plat, AAdvantage, Elal Matmid, Southwest, Delta Silver Medallion Skymiles, Hertz #1 Gold 5 Star, National Emerald Club Executive.
Re: Rules of the deal-Dan Quoted Again
« Reply #8 on: August 22, 2012, 02:48:17 PM »
While I agree with  you that the comparison is not necessarily a good one, I think it's fair to say that a company should not lose tens of thousands of dollars based on a price mistake.

What about if a company made a bad investment, did not have good data security or fired the wrong guy and lost $18.6 Million? Is it fair to say that that should not happen? ??? :o
siyag lachachma :-)

Offline ChasingTheDime

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jan 2012
  • Posts: 160
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Los Angeles
Re: Rules of the deal-Dan Quoted Again
« Reply #9 on: August 22, 2012, 02:49:29 PM »
While I agree with  you that the comparison is not necessarily a good one, I think it's fair to say that a company should not lose tens of thousands of dollars based on a price mistake.

why not

if you make a mistake, and overpay for something, you think you will get paid back, if it was your mistake ?

Offline peroneustertius

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Feb 2012
  • Posts: 259
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Queens, NY
Re: Rules of the deal-Dan Quoted Again
« Reply #10 on: August 22, 2012, 03:01:32 PM »
What about if a company made a bad investment, did not have good data security or fired the wrong guy and lost $18.6 Million? Is it fair to say that that should not happen? ??? :o
  This isn't a bad investment.  This is an honest mistake.

Offline ChasingTheDime

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jan 2012
  • Posts: 160
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Los Angeles
Re: Rules of the deal-Dan Quoted Again
« Reply #11 on: August 22, 2012, 03:19:36 PM »
  This isn't a bad investment.  This is an honest mistake.

most bad investments are

Offline shulemw

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Mar 2012
  • Posts: 375
  • Total likes: 32
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Rules of the deal-Dan Quoted Again
« Reply #12 on: August 22, 2012, 03:30:07 PM »

Offline ChasingTheDime

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jan 2012
  • Posts: 160
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Los Angeles
Re: Rules of the deal-Dan Quoted Again
« Reply #13 on: August 22, 2012, 03:32:34 PM »
no not right

so most bad investments are intentionally bad ?

Offline peroneustertius

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Feb 2012
  • Posts: 259
  • Total likes: 6
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Queens, NY
Re: Rules of the deal-Dan Quoted Again
« Reply #14 on: August 22, 2012, 03:42:40 PM »
so most bad investments are intentionally bad ?
No, but they end up that way.  It is possible for a company to say, "if I had a chance to go back and make that investment again in those same market conditions I would make it again."  I don't think you'll ever find a company saying, "if I could make that price mistake again I would."

Offline shmuelb

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2011
  • Posts: 759
  • Total likes: 9
  • DansDeals.com Hat Tips 0
  • Gender: Male
    • View Profile
  • Location: Israel
  • Programs: Amex Plat, AAdvantage, Elal Matmid, Southwest, Delta Silver Medallion Skymiles, Hertz #1 Gold 5 Star, National Emerald Club Executive.
Re: Rules of the deal-Dan Quoted Again
« Reply #15 on: August 22, 2012, 04:13:30 PM »
No, but they end up that way.  It is possible for a company to say, "if I had a chance to go back and make that investment again in those same market conditions I would make it again."  I don't think you'll ever find a company saying, "if I could make that price mistake again I would."

So what? I do not have the stats you have but what about the other cases? Without mentioning names, companies can lose money by making "honest mistakes" with due diligence. They did not know they were falling into a trap/the guy was planning on pulling off something etc. I could give you a illion other inane scenarios. As they say, ywsyls, tioli.
siyag lachachma :-)