<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div><div><div style="line-height: normal;">On Jul 22, 2016, at 8:37 AM, William Flynn Wallace <<a href="mailto:foozler83@gmail.com">foozler83@gmail.com</a>> wrote:</div></div></div><blockquote type="cite"><div><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">But why not just save? Why pay any interest? Not applicable to houses or cars, I suppose (except in my case, since I don't buy cars worth more than $10k - you are correct - never new cars - depreciation curve - currently own 2002 Lincoln Town Car - wonderful car - you can't get a ride like this with the small new cars - 25 mpg highway)</font></div></div></div></div></div></blockquote><div><br></div><div>Depends on the person and their vision. Some people have a lower time preference and greater aversion to risk, so they're net savers. Others don't. </div><br><blockquote type="cite"><div><div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">I would rather a company be owned by the people who made it great, not by the people who just supplied money. They get on the board and maybe direct policy in the wrong ways.</font></div></div></div></div></div></blockquote><div><br></div>People supplying the money usually can do one of two things: get paid interest or get ownership. I'm not sure why supplying the money seems to you to be of no importance to making something great. Those who supply money are taking a big risk (up to losing all the money they put in) and making a choice that one project is a good bet compared to their other options (in other words, money sunk into one project can't be spent on wild parties;).<br><br><div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Regards,</span></div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);"><br></span></div><div><div style="line-height: normal;"><span style="line-height: 20px; background-color: rgba(255, 255, 255, 0);">Dan</span></div><div style="line-height: normal;"><div style="line-height: normal;"><span style="background-color: rgba(255, 255, 255, 0);"> Sample my latest Kindle book, "The Late Mr. Gurlitt," at:</span></div><a dir="ltr" href="http://mybook.to/Gurlitt" x-apple-data-detectors="true" x-apple-data-detectors-type="link" x-apple-data-detectors-result="1" style="background-color: rgba(255, 255, 255, 0);"><font color="#000000">http://mybook.to/Gurlitt</font></a></div></div></div></body></html>