DagwoodGum
Squirreling Dervish
Re: Matt Feshbach, who declared bankruptcy in 2011, giving Scientology Finance Semina
Interesting that they were shorting stocks because as you certainly know there's no real bottom for your losses when you short a pricey stock, unlike when your long on a position where you can only lose your principle.
By reading between the lines it would certainly appear that he (they) were making ample use of other peoples money to buy their own bridge(s) to nowhere.
Then, because they got the money the CO$ rewards his criminality by promoting him as an investment/finance power terminal.
Sure he can teach you to set up a shell investment firm and then rip off your clients, and as long as Scientology gets the money in the long run - no harm no fowl as far as they're concerned.
My former brother in-law bilked his investors out of 3.1 million and only served a year and a half in a country club prison where he worked on a law degree.
But it gets back to one of my axioms - those who can, do
those who can't, talk, write or supervise.
Go to a university and get a business degree from professors who have never tested their theories by working in any business whatsoever. This proved to be part of my brothers downfall. He nearly went to prison after the SEC came in and hauled off all their files - twice! He was kiting sales from one quarter to another to create the illusion of smooth, sustained growth. He's out on his ass now...
and whats really weird is, how the hell does one apply hubbard finance policy to the stock market?
Feshbach's were shorters of stock, and that's how they made their money which had nothing to do with hubbard's tech on finance & money.
Where does hubbard talk about making money in the stock market?
IIRC, hubbards tech is basically make more than you spend, find or create a wanted item, exchange in abundance, keep credit as a second cushion. How in the hell does that apply to making money in the stock market and even real estate?
These finance seminars and the feshbach's are more pure bullshit, the trumen show at it's best.
Interesting that they were shorting stocks because as you certainly know there's no real bottom for your losses when you short a pricey stock, unlike when your long on a position where you can only lose your principle.
By reading between the lines it would certainly appear that he (they) were making ample use of other peoples money to buy their own bridge(s) to nowhere.
Then, because they got the money the CO$ rewards his criminality by promoting him as an investment/finance power terminal.
Sure he can teach you to set up a shell investment firm and then rip off your clients, and as long as Scientology gets the money in the long run - no harm no fowl as far as they're concerned.
My former brother in-law bilked his investors out of 3.1 million and only served a year and a half in a country club prison where he worked on a law degree.
But it gets back to one of my axioms - those who can, do
those who can't, talk, write or supervise.
Go to a university and get a business degree from professors who have never tested their theories by working in any business whatsoever. This proved to be part of my brothers downfall. He nearly went to prison after the SEC came in and hauled off all their files - twice! He was kiting sales from one quarter to another to create the illusion of smooth, sustained growth. He's out on his ass now...