Author Topic: Rules of the deal-Dan Quoted Again  (Read 2590 times)

Offline peroneustertius

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Online AsherO

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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.

Offline zek

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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.

Online AsherO

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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.

Offline zek

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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

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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

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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.

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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.

Offline shmuelb

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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

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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

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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

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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

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Re: Rules of the deal-Dan Quoted Again
« Reply #12 on: August 22, 2012, 03:30:07 PM »

Offline ChasingTheDime

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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

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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

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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 :-)