Slouching Towards Oblivion

Wednesday, February 08, 2017

Keith

No, dude -  Nixon leads it 55 - 11


45* is a perfect example of the classic Weak Salesman - throw enough shit and eventually something will stick.

The overall point is to overwhelm the filter system. We get tired of dealing with the shit storm and retreat.

To reiterate: This guy is no success story.  He's spent 40 years failing up.  He starts with $200 Million in the late 70s. He leverages the fuck out of it, basically borrowing so much that if he defaults, he takes the bankers down with him. So it's in their best interest to prop him up and help him make it work.  After several rounds, he doesn't even have to run his own business - the creditors are doing all the work and he gets to sit back and enjoy the ride.

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